Auxier Asset Management lifted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 25.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,515 shares of the transportation company’s stock after acquiring an additional 2,550 shares during the quarter. Auxier Asset Management’s holdings in Alaska Air Group were worth $756,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Alaska Air Group by 6.1% in the first quarter. Wells Fargo & Company MN now owns 529,333 shares of the transportation company’s stock valued at $32,797,000 after buying an additional 30,506 shares during the period. Mackay Shields LLC bought a new stake in shares of Alaska Air Group during the first quarter valued at approximately $1,283,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Alaska Air Group by 1.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 542,662 shares of the transportation company’s stock valued at $33,623,000 after acquiring an additional 7,769 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Alaska Air Group by 74.3% during the first quarter. Eaton Vance Management now owns 20,484 shares of the transportation company’s stock valued at $1,269,000 after acquiring an additional 8,732 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Alaska Air Group by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 666,536 shares of the transportation company’s stock valued at $41,299,000 after acquiring an additional 38,809 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

In related news, EVP Shane R. Tackett sold 3,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $66.81, for a total transaction of $200,430.00. Following the completion of the sale, the executive vice president now owns 8,238 shares in the company, valued at $550,380.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.57% of the company’s stock.

Several equities research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Alaska Air Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 27th. Imperial Capital decreased their price objective on Alaska Air Group from $71.00 to $65.00 and set a “line” rating for the company in a report on Friday, June 1st. Citigroup decreased their price objective on Alaska Air Group from $69.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, June 18th. Morgan Stanley decreased their price objective on Alaska Air Group from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Finally, ValuEngine upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group has a consensus rating of “Hold” and a consensus target price of $78.77.

Shares of Alaska Air Group stock opened at $68.42 on Friday. Alaska Air Group, Inc. has a 12-month low of $57.53 and a 12-month high of $82.68. The firm has a market cap of $8.49 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.41 and a beta of 0.57. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.56.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.03. Alaska Air Group had a return on equity of 16.99% and a net margin of 10.28%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $2.48 earnings per share. Alaska Air Group’s revenue was up 2.6% compared to the same quarter last year. equities analysts anticipate that Alaska Air Group, Inc. will post 4.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Tuesday, August 21st were issued a dividend of $0.32 per share. The ex-dividend date was Monday, August 20th. This represents a $1.28 annualized dividend and a yield of 1.87%. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.28%.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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