IFP Advisors Inc boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 98.1% in the third quarter, HoldingsChannel reports. The firm owned 2,758 shares of the transportation company’s stock after purchasing an additional 1,366 shares during the quarter. IFP Advisors Inc’s holdings in Alaska Air Group were worth $190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vident Investment Advisory LLC increased its holdings in Alaska Air Group by 23.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 4,699 shares of the transportation company’s stock worth $284,000 after purchasing an additional 879 shares in the last quarter. BancorpSouth Bank increased its holdings in Alaska Air Group by 12.5% in the 2nd quarter. BancorpSouth Bank now owns 7,989 shares of the transportation company’s stock worth $482,000 after purchasing an additional 885 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Alaska Air Group by 38.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after purchasing an additional 900 shares in the last quarter. Mitchell Capital Management Co. increased its holdings in Alaska Air Group by 14.5% in the 2nd quarter. Mitchell Capital Management Co. now owns 7,214 shares of the transportation company’s stock worth $436,000 after purchasing an additional 916 shares in the last quarter. Finally, HL Financial Services LLC increased its holdings in Alaska Air Group by 18.7% in the 2nd quarter. HL Financial Services LLC now owns 6,937 shares of the transportation company’s stock worth $419,000 after purchasing an additional 1,091 shares in the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Andrew R. Harrison sold 930 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the sale, the executive vice president now owns 21,562 shares of the company’s stock, valued at $1,348,703.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shane R. Tackett sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $66.81, for a total value of $200,430.00. Following the sale, the executive vice president now directly owns 8,238 shares of the company’s stock, valued at approximately $550,380.78. 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 ALK shares. Imperial Capital raised Alaska Air Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $62.00 to $95.00 in a report on Thursday, September 27th. Buckingham Research decreased their price target on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, September 24th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Wolfe Research cut Alaska Air Group from an “outperform” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Morgan Stanley set a $72.00 price target on Alaska Air Group and gave the company a “buy” rating in a research note on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.69.

Shares of ALK stock opened at $65.97 on Friday. The stock has a market capitalization of $8.16 billion, a PE ratio of 9.94, a P/E/G ratio of 4.95 and a beta of 0.60. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Alaska Air Group, Inc. has a 1-year low of $57.53 and a 1-year high of $76.06.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. As a group, research analysts predict that Alaska Air Group, Inc. will post 4.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, November 19th. This represents a $1.28 annualized dividend and a yield of 1.94%. Alaska Air Group’s dividend payout ratio is currently 19.28%.

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About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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

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