BNP Paribas Arbitrage SA increased its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 24.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,995 shares of the transportation company’s stock after purchasing an additional 25,330 shares during the quarter. BNP Paribas Arbitrage SA owned 0.10% of Alaska Air Group worth $9,686,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Alaska Air Group by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,183 shares of the transportation company’s stock worth $824,000 after purchasing an additional 24 shares during the last quarter. ING Groep NV raised its holdings in Alaska Air Group by 0.5% during the second quarter. ING Groep NV now owns 6,325 shares of the transportation company’s stock worth $568,000 after purchasing an additional 32 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Alaska Air Group by 0.4% during the second quarter. CIBC Asset Management Inc now owns 11,691 shares of the transportation company’s stock worth $1,049,000 after purchasing an additional 44 shares during the last quarter. MML Investors Services LLC raised its holdings in Alaska Air Group by 1.0% during the second quarter. MML Investors Services LLC now owns 5,392 shares of the transportation company’s stock worth $484,000 after purchasing an additional 51 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Alaska Air Group by 0.3% in the second quarter. Empirical Finance LLC now owns 25,002 shares of the transportation company’s stock worth $2,245,000 after acquiring an additional 72 shares during the last quarter. 89.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Alaska Air Group, Inc. (ALK) opened at $64.44 on Thursday. The company has a market capitalization of $7,930.00, a price-to-earnings ratio of 8.38 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78. Alaska Air Group, Inc. has a 1 year low of $61.10 and a 1 year high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 EPS. analysts expect that Alaska Air Group, Inc. will post 6.8 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.23%.

ALK has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $125.00 price target on shares of Alaska Air Group in a report on Saturday, September 23rd. ValuEngine cut Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Barclays PLC reissued a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Cowen and Company reissued a “buy” rating and issued a $103.00 price target on shares of Alaska Air Group in a report on Tuesday, September 12th. Finally, Bank of America Corporation cut their price target on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Alaska Air Group presently has a consensus rating of “Buy” and an average target price of $90.53.

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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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