Commerzbank Aktiengesellschaft FI lifted its position in Alaska Air Group, Inc. (NYSE:ALK) by 200.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,836 shares of the transportation company’s stock after buying an additional 11,237 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Alaska Air Group were worth $1,284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Alaska Air Group by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock valued at $1,061,794,000 after buying an additional 261,887 shares during the period. Egerton Capital UK LLP increased its holdings in Alaska Air Group by 51.6% during the 3rd quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares during the period. Franklin Resources Inc. increased its holdings in Alaska Air Group by 4.6% during the 2nd quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after purchasing an additional 148,061 shares during the period. Principal Financial Group Inc. increased its holdings in Alaska Air Group by 22.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after purchasing an additional 280,075 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Alaska Air Group by 10.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after purchasing an additional 145,328 shares during the period. Hedge funds and other institutional investors own 88.46% of the company’s stock.

Several equities research analysts have weighed in on ALK shares. Barclays restated a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Cowen restated a “buy” rating and set a $103.00 price target on shares of Alaska Air Group in a report on Tuesday, September 12th. Stifel Nicolaus restated a “buy” rating and set a $125.00 price target on shares of Alaska Air Group in a report on Saturday, September 23rd. ValuEngine downgraded Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Bank of America cut their price target on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Alaska Air Group has a consensus rating of “Buy” and an average price target of $91.27.

Alaska Air Group, Inc. (NYSE ALK) opened at $67.83 on Thursday. The stock has a market capitalization of $8,379.36, a PE ratio of 9.25 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. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). The business had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 was up 35.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 earnings per share. equities research analysts predict that Alaska Air Group, Inc. will post 6.75 earnings per share for the current year.

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

In related news, CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the completion of the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at approximately $656,064. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

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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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