Royal Bank of Canada increased its position in Alaska Air Group, Inc. (NYSE:ALK) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,619 shares of the transportation company’s stock after buying an additional 58,637 shares during the period. Royal Bank of Canada owned 0.30% of Alaska Air Group worth $32,907,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Cleararc Capital Inc. lifted its position in shares of Alaska Air Group by 0.7% in the first quarter. Cleararc Capital Inc. now owns 3,001 shares of the transportation company’s stock worth $277,000 after buying an additional 20 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Alaska Air Group by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,183 shares of the transportation company’s stock worth $824,000 after buying an additional 24 shares in the last quarter. ING Groep NV lifted its position in shares of Alaska Air Group by 0.5% in the second quarter. ING Groep NV now owns 6,325 shares of the transportation company’s stock worth $568,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Alaska Air Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 11,691 shares of the transportation company’s stock worth $1,049,000 after buying an additional 44 shares in the last quarter. Finally, Cypress Wealth Advisors LLC lifted its position in shares of Alaska Air Group by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 3,571 shares of the transportation company’s stock worth $329,000 after buying an additional 45 shares in the last quarter. Institutional investors own 87.76% of the company’s stock.

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In other news, EVP Andrew R. Harrison sold 2,350 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $86.03, for a total transaction of $202,170.50. Following the sale, the executive vice president now owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Bradley D. Tilden sold 2,400 shares of Alaska Air Group stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the sale, the chairman now directly owns 140,346 shares in the company, valued at approximately $12,045,897.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,350 shares of company stock worth $937,251. Insiders own 0.57% of the company’s stock.

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at 80.56 on Friday. The firm’s 50-day moving average price is $75.61 and its 200-day moving average price is $85.13. The stock has a market capitalization of $9.95 billion, a P/E ratio of 13.10 and a beta of 0.99. Alaska Air Group, Inc. has a 12 month low of $68.17 and a 12 month high of $101.43.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.01). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 earnings per share. On average, equities research analysts forecast that Alaska Air Group, Inc. will post $7.52 EPS for the current year.

A number of equities research analysts recently commented on the company. BidaskClub downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Morgan Stanley decreased their target price on Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, August 17th. Barclays PLC reiterated a “buy” rating on shares of Alaska Air Group in a research report on Thursday, September 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $125.00 target price on shares of Alaska Air Group in a research report on Saturday, September 23rd. Finally, Zacks Investment Research downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus price target of $103.59.

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.

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

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