Dorsey & Whitney Trust CO LLC Increases Stock Position in Alaska Air Group, Inc. (NYSE:ALK)

Dorsey & Whitney Trust CO LLC boosted its position in Alaska Air Group, Inc. (NYSE:ALKGet Rating) by 18.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,394 shares of the transportation company’s stock after acquiring an additional 1,137 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Alaska Air Group were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Alaska Air Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 13,949,994 shares of the transportation company’s stock worth $809,239,000 after purchasing an additional 101,618 shares during the last quarter. Boston Partners increased its stake in shares of Alaska Air Group by 2.6% during the first quarter. Boston Partners now owns 3,081,503 shares of the transportation company’s stock valued at $178,717,000 after buying an additional 77,023 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Alaska Air Group by 1.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,524,651 shares of the transportation company’s stock worth $88,445,000 after acquiring an additional 27,679 shares during the period. Dimensional Fund Advisors LP lifted its stake in Alaska Air Group by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,481,321 shares of the transportation company’s stock worth $85,932,000 after acquiring an additional 84,013 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in Alaska Air Group by 12.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,251,611 shares of the transportation company’s stock valued at $72,606,000 after purchasing an additional 137,222 shares during the period. Hedge funds and other institutional investors own 76.13% of the company’s stock.

Alaska Air Group Stock Up 0.8 %

Shares of NYSE:ALK opened at $46.34 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $43.27 and a two-hundred day simple moving average of $44.01. Alaska Air Group, Inc. has a 12-month low of $38.19 and a 12-month high of $61.55. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 115.85 and a beta of 1.43.

Alaska Air Group (NYSE:ALKGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The transportation company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.14. Alaska Air Group had a return on equity of 12.45% and a net margin of 0.60%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. Alaska Air Group’s quarterly revenue was up 44.8% compared to the same quarter last year. On average, research analysts anticipate that Alaska Air Group, Inc. will post 4.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALK has been the subject of several research analyst reports. StockNews.com raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 1st. Melius assumed coverage on Alaska Air Group in a research report on Monday, August 15th. They set a “buy” rating on the stock. Cowen decreased their target price on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Finally, Cowen dropped their price target on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.30.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 3,275 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $45.90, for a total transaction of $150,322.50. Following the sale, the executive vice president now owns 10,877 shares in the company, valued at $499,254.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Alaska Air Group Company Profile

(Get Rating)

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.

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

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