HPM Partners LLC raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 26.5% in the fourth quarter, Holdings Channel reports. The firm owned 9,195 shares of the transportation company’s stock after buying an additional 1,928 shares during the quarter. HPM Partners LLC’s holdings in Alaska Air Group were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Alaska Air Group by 9.3% during the 4th quarter. BlackRock Inc. now owns 7,310,003 shares of the transportation company’s stock valued at $537,358,000 after purchasing an additional 621,021 shares during the last quarter. OppenheimerFunds Inc. raised its position in Alaska Air Group by 12,449.2% during the 4th quarter. OppenheimerFunds Inc. now owns 1,560,244 shares of the transportation company’s stock valued at $114,693,000 after purchasing an additional 1,547,811 shares during the last quarter. Geode Capital Management LLC raised its position in Alaska Air Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 1,371,750 shares of the transportation company’s stock valued at $100,681,000 after purchasing an additional 42,290 shares during the last quarter. Clearbridge Investments LLC raised its position in Alaska Air Group by 0.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,313,946 shares of the transportation company’s stock valued at $96,588,000 after purchasing an additional 6,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Alaska Air Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock valued at $96,254,000 after purchasing an additional 38,870 shares during the last quarter. 86.42% of the stock is owned by institutional investors and hedge funds.

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Shares of Alaska Air Group, Inc. (ALK) opened at $68.79 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.77. The firm has a market capitalization of $8,090.72, a P/E ratio of 8.31, a P/E/G ratio of 3.38 and a beta of 0.84. Alaska Air Group, Inc. has a 52 week low of $59.25 and a 52 week high of $97.06.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. analysts forecast that Alaska Air Group, Inc. will post 5.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Tuesday, February 20th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.86%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio is presently 15.46%.

ALK has been the topic of a number of research analyst reports. UBS Group upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Raymond James Financial upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating and reduced their target price for the stock from $85.00 to $80.00 in a report on Wednesday, November 15th. Morgan Stanley set a $78.00 target price on Alaska Air Group and gave the stock a “buy” rating in a report on Thursday, November 16th. ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Standpoint Research initiated coverage on Alaska Air Group in a report on Monday, December 18th. They set a “buy” rating and a $90.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Alaska Air Group presently has a consensus rating of “Buy” and a consensus price target of $87.53.

In related news, VP Christopher Michael Berry sold 460 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total value of $44,620.00. Following the sale, the vice president now owns 1,997 shares in the company, valued at approximately $193,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kyle B. Levine sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $65.00, for a total value of $97,695.00. Following the completion of the sale, the vice president now owns 7,182 shares in the company, valued at approximately $466,830. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock worth $884,697 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

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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.

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

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