Commerzbank Aktiengesellschaft FI boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 70.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,599 shares of the transportation company’s stock after purchasing an additional 2,317 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Alaska Air Group were worth $503,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in Alaska Air Group in the first quarter worth $955,000. Schroder Investment Management Group lifted its stake in Alaska Air Group by 84.1% in the first quarter. Schroder Investment Management Group now owns 547,645 shares of the transportation company’s stock worth $51,292,000 after purchasing an additional 250,245 shares during the last quarter. Oxford Asset Management bought a new stake in Alaska Air Group in the first quarter worth $3,425,000. Principal Financial Group Inc. lifted its stake in Alaska Air Group by 149.3% in the second quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock worth $110,457,000 after purchasing an additional 737,020 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Alaska Air Group by 1.6% in the first quarter. Clearbridge Investments LLC now owns 1,211,718 shares of the transportation company’s stock worth $111,745,000 after purchasing an additional 18,600 shares during the last quarter. 88.34% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on ALK. BidaskClub raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Morgan Stanley lowered their price target on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 17th. Cowen and Company reissued an “outperform” rating and issued a $103.00 price target on shares of Alaska Air Group in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Tuesday, July 4th. Finally, Bank of America Corporation boosted their price target on shares of Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $104.86.

Alaska Air Group, Inc. (NYSE ALK) opened at 74.30 on Friday. The firm has a 50 day moving average of $80.93 and a 200-day moving average of $88.00. Alaska Air Group, Inc. has a 52-week low of $64.19 and a 52-week high of $101.43. The stock has a market cap of $9.18 billion, a PE ratio of 12.08 and a beta of 1.00.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by $0.01. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. Alaska Air Group’s revenue was up 40.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. Equities analysts anticipate 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. Stockholders of record on Tuesday, August 22nd were issued a $0.30 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.62%. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.48%.

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In other news, EVP Andrew R. Harrison sold 2,350 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the sale, the executive vice president now owns 21,328 shares in the company, valued at approximately $1,834,847.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bradley D. Tilden sold 2,400 shares of Alaska Air Group stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the sale, the chairman now owns 140,346 shares of the company’s stock, valued at approximately $12,045,897.18. The disclosure for this sale can be found here. Insiders sold a total of 16,850 shares of company stock valued at $1,513,931 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Alaska Air Group Company 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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