Marshall Wace North America L.P. acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 124,987 shares of the transportation company’s stock, valued at approximately $11,249,000. Marshall Wace North America L.P. owned approximately 0.10% of Alaska Air Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of Alaska Air Group by 57.9% in the second quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock worth $171,000 after buying an additional 695 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Alaska Air Group during the first quarter worth $179,000. Assetmark Inc. increased its stake in shares of Alaska Air Group by 70.3% in the first quarter. Assetmark Inc. now owns 2,027 shares of the transportation company’s stock worth $187,000 after buying an additional 837 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Alaska Air Group during the second quarter worth $201,000. Finally, Verity Asset Management Inc. acquired a new stake in shares of Alaska Air Group during the first quarter worth $218,000. 94.35% of the stock is currently owned by institutional investors.

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at 75.53 on Friday. The stock’s 50 day moving average price is $85.76 and its 200 day moving average price is $89.47. Alaska Air Group, Inc. has a 12-month low of $64.19 and a 12-month high of $101.43. The company has a market cap of $9.33 billion, a P/E ratio of 12.28 and a beta of 0.95.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.52 by $0.01. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post $7.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be issued a $0.30 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Alaska Air Group’s payout ratio is 19.48%.

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A number of equities research analysts have weighed in on ALK shares. Morgan Stanley lifted their target price on Alaska Air Group from $102.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. BidaskClub downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, July 4th. Bank of America Corporation lifted their target price on Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $103.00 target price on shares of Alaska Air Group in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.86.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,350 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total transaction of $202,170.50. Following the completion of the sale, the executive vice president now owns 21,328 shares in the company, valued at $1,834,847.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Joseph A. Sprague sold 7,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $90.85, for a total value of $635,950.00. Following the sale, the senior vice president now owns 7,191 shares of the company’s stock, valued at approximately $653,302.35. The disclosure for this sale can be found here. Insiders sold 23,850 shares of company stock valued at $2,149,881 in the last quarter. 0.57% of the stock is owned by company insiders.

About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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

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