HPM Partners LLC increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 192.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,266 shares of the transportation company’s stock after buying an additional 9,383 shares during the period. HPM Partners LLC’s holdings in Alaska Air Group were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. AXA lifted its position in shares of Alaska Air Group by 268.3% during the 2nd quarter. AXA now owns 270,700 shares of the transportation company’s stock valued at $24,298,000 after buying an additional 197,200 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Alaska Air Group by 4.6% during the 2nd quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock valued at $300,554,000 after buying an additional 148,061 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Alaska Air Group by 373.1% during the 2nd quarter. Private Advisor Group LLC now owns 11,302 shares of the transportation company’s stock valued at $1,050,000 after buying an additional 8,913 shares in the last quarter. AGF Investments Inc. lifted its position in shares of Alaska Air Group by 18.1% during the 2nd quarter. AGF Investments Inc. now owns 868,204 shares of the transportation company’s stock valued at $77,949,000 after buying an additional 133,337 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Alaska Air Group by 41.2% during the 2nd quarter. Schroder Investment Management Group now owns 773,245 shares of the transportation company’s stock valued at $68,897,000 after buying an additional 225,600 shares in the last quarter. Hedge funds and other institutional investors own 88.34% of the company’s stock.

In other Alaska Air Group news, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total transaction of $529,088.00. Following the sale, the chairman now directly owns 145,546 shares in the company, valued at $13,751,186.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the sale, the chairman now owns 140,346 shares in the company, valued at $12,045,897.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,850 shares of company stock worth $1,513,931. 0.57% of the stock is owned by company insiders.

ALK has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 target price on shares of Alaska Air Group in a research report on Friday, May 26th. Cowen and Company reiterated an “outperform” rating and set a $103.00 target price on shares of Alaska Air Group in a research report on Tuesday, June 20th. BidaskClub lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Bank of America Corporation increased their target price on Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alaska Air Group presently has an average rating of “Buy” and an average price target of $104.86.

Shares of Alaska Air Group, Inc. (NYSE:ALK) traded up 1.56% on Friday, reaching $74.30. The company’s stock had a trading volume of 1,201,302 shares. Alaska Air Group, Inc. has a 1-year low of $64.19 and a 1-year high of $101.43. The stock has a market capitalization of $9.18 billion, a P/E ratio of 12.08 and a beta of 1.00. The company has a 50 day moving average of $80.93 and a 200 day moving average of $88.00.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, July 26th. The transportation company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.52 by $0.01. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The firm’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 earnings per share. Equities research analysts expect that Alaska Air Group, Inc. will post $7.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Alaska Air Group’s payout ratio is 19.48%.

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Alaska Air Group Profile

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.

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

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