Deutsche Bank AG increased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 35.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,963 shares of the transportation company’s stock after buying an additional 42,418 shares during the period. Deutsche Bank AG owned 0.13% of Alaska Air Group worth $9,850,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Machina Capital S.A.S. purchased a new stake in shares of Alaska Air Group in the fourth quarter worth $494,000. Norges Bank purchased a new stake in shares of Alaska Air Group in the fourth quarter worth $31,868,000. Financial Advocates Investment Management raised its position in shares of Alaska Air Group by 26.9% in the fourth quarter. Financial Advocates Investment Management now owns 6,744 shares of the transportation company’s stock worth $410,000 after buying an additional 1,431 shares in the last quarter. FMR LLC raised its position in shares of Alaska Air Group by 17.2% in the fourth quarter. FMR LLC now owns 1,292,213 shares of the transportation company’s stock worth $78,631,000 after buying an additional 190,013 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Alaska Air Group during the fourth quarter valued at about $326,000. Institutional investors own 88.30% of the company’s stock.

Shares of NYSE:ALK opened at $61.38 on Thursday. Alaska Air Group, Inc. has a 12-month low of $53.39 and a 12-month high of $74.83. The stock has a market cap of $7.63 billion, a PE ratio of 13.76, a P/E/G ratio of 0.69 and a beta of 0.81. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.02. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Alaska Air Group, Inc. will post 6.05 EPS for the current year.

A number of equities research analysts have weighed in on the company. Imperial Capital restated an “outperform” rating and set a $90.00 price target on shares of Alaska Air Group in a research report on Tuesday, January 15th. Vertical Research assumed coverage on Alaska Air Group in a research report on Monday, February 4th. They set a “hold” rating on the stock. Macquarie upgraded Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 price target on the stock in a research report on Monday, January 28th. TheStreet downgraded Alaska Air Group from a “b-” rating to a “c” rating in a research report on Thursday, January 24th. Finally, JPMorgan Chase & Co. upgraded Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price target on the stock in a research report on Thursday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Alaska Air Group has an average rating of “Buy” and a consensus price target of $76.03.

In other news, VP Christopher Michael Berry sold 750 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $67.14, for a total transaction of $50,355.00. Following the transaction, the vice president now directly owns 1,233 shares of the company’s stock, valued at $82,783.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $62.93, for a total value of $251,720.00. Following the completion of the sale, the executive vice president now directly owns 22,167 shares in the company, valued at $1,394,969.31. The disclosure for this sale can be found here. Insiders have sold 8,776 shares of company stock worth $551,687 over the last ninety days. Insiders own 0.43% of the company’s stock.

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Alaska Air Group 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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