AMP Capital Investors Ltd lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 47.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,259 shares of the transportation company’s stock after selling 12,883 shares during the quarter. AMP Capital Investors Ltd’s holdings in Alaska Air Group were worth $1,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc bought a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $122,000. Mercer Capital Advisers Inc. bought a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $116,000. Bessemer Group Inc. lifted its position in shares of Alaska Air Group by 57.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock worth $171,000 after buying an additional 695 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Alaska Air Group by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 2,405 shares of the transportation company’s stock worth $216,000 after buying an additional 181 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $200,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

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

Several equities analysts have commented on the stock. Bank of America dropped their target price on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Cowen dropped their target price on shares of Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, September 14th. Barclays reaffirmed a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Zacks Investment Research cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $91.18.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $73.77 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 company has a market cap of $9,010.00, a P/E ratio of 9.99 and a beta of 1.03. 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 posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period last year, the firm posted $2.20 EPS. analysts expect that Alaska Air Group, Inc. will post 6.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Tuesday, November 21st were paid a $0.30 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. Alaska Air Group’s dividend payout ratio is 19.23%.

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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.

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

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