Arizona State Retirement System increased its position in Alaska Air Group Inc. (NYSE:ALK) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,300 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Alaska Air Group were worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALK. Sit Investment Associates Inc. raised its stake in shares of Alaska Air Group by 25.8% in the second quarter. Sit Investment Associates Inc. now owns 77,650 shares of the company’s stock valued at $4,526,000 after buying an additional 15,925 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Alaska Air Group by 22.5% in the first quarter. First Republic Investment Management Inc. now owns 8,722 shares of the company’s stock valued at $715,000 after buying an additional 1,602 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Alaska Air Group during the second quarter valued at approximately $227,000. New Mexico Educational Retirement Board acquired a new stake in shares of Alaska Air Group during the second quarter valued at approximately $839,000. Finally, Court Place Advisors LLC raised its stake in shares of Alaska Air Group by 27.2% in the second quarter. Court Place Advisors LLC now owns 4,795 shares of the company’s stock valued at $280,000 after buying an additional 1,025 shares in the last quarter. Institutional investors own 88.21% of the company’s stock.

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

Alaska Air Group Inc. (NYSE:ALK) traded up 0.42% during midday trading on Tuesday, hitting $82.78. 705,624 shares of the stock traded hands. Alaska Air Group Inc. has a one year low of $54.51 and a one year high of $87.17. The company’s 50 day moving average is $74.46 and its 200-day moving average is $67.46. The company has a market cap of $10.20 billion, a P/E ratio of 11.61 and a beta of 0.71.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 20th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.07 by $0.13. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.16 EPS. On average, equities research analysts forecast that Alaska Air Group Inc. will post $7.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.10 annualized dividend and a dividend yield of 1.33%. Alaska Air Group’s dividend payout ratio (DPR) is presently 15.41%.

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ALK has been the subject of several analyst reports. Morgan Stanley reiterated a “buy” rating and set a $85.00 price objective on shares of Alaska Air Group in a report on Thursday, August 11th. Buckingham Research raised Alaska Air Group from a “neutral” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Thursday, October 13th. Credit Suisse Group AG set a $85.00 target price on Alaska Air Group and gave the company a “buy” rating in a research report on Tuesday, September 13th. Vetr downgraded Alaska Air Group from a “strong-buy” rating to a “buy” rating and set a $77.17 target price on the stock. in a research report on Tuesday, September 6th. Finally, Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.89.

In related news, VP Brandon Pedersen sold 9,943 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $70.52, for a total transaction of $701,180.36. Following the completion of the sale, the vice president now directly owns 13,360 shares in the company, valued at approximately $942,147.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bradley D. Tilden sold 2,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the chairman now owns 23,900 shares of the company’s stock, valued at $1,594,608. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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