Anchor Bolt Capital LP trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 70.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,264 shares of the transportation company’s stock after selling 727,177 shares during the quarter. Anchor Bolt Capital LP owned approximately 0.25% of Alaska Air Group worth $23,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ALK. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of 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 valued at $824,000 after purchasing an additional 24 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of 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 valued at $1,049,000 after purchasing an additional 44 shares during the last quarter. MML Investors Services LLC grew its stake in shares of 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 valued at $484,000 after purchasing an additional 51 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Alaska Air Group by 0.3% during the second quarter. Empirical Finance LLC now owns 25,002 shares of the transportation company’s stock valued at $2,245,000 after purchasing an additional 72 shares during the last quarter. Finally, Sentry Investment Management LLC grew its stake in shares of Alaska Air Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock valued at $819,000 after purchasing an additional 98 shares during the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $67.83 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8,379.36, a price-to-earnings ratio of 9.25 and a beta of 1.03. Alaska Air Group, Inc. has a twelve month low of $61.10 and a twelve month high of $101.43.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The company’s revenue was up 35.4% on a year-over-year basis. sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. Alaska Air Group’s payout ratio is 19.26%.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of Alaska Air Group stock in a transaction on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares in the company, valued at approximately $656,064. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 540 shares of Alaska Air Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the sale, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, August 17th. BidaskClub cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. ValuEngine cut shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Cowen reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Alaska Air Group presently has an average rating of “Buy” and an average price target of $91.27.

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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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