Vident Investment Advisory LLC raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,699 shares of the transportation company’s stock after purchasing an additional 879 shares during the period. Vident Investment Advisory LLC’s holdings in Alaska Air Group were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ALK. Wells Fargo & Company MN boosted its stake in Alaska Air Group by 6.1% during the 1st quarter. Wells Fargo & Company MN now owns 529,333 shares of the transportation company’s stock valued at $32,797,000 after purchasing an additional 30,506 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Alaska Air Group by 34.4% in the 1st quarter. Neuberger Berman Group LLC now owns 15,885 shares of the transportation company’s stock worth $984,000 after acquiring an additional 4,067 shares during the period. Toronto Dominion Bank lifted its stake in shares of Alaska Air Group by 26.5% in the 1st quarter. Toronto Dominion Bank now owns 57,882 shares of the transportation company’s stock worth $3,585,000 after acquiring an additional 12,132 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Alaska Air Group by 186.4% in the 1st quarter. Natixis Advisors L.P. now owns 84,652 shares of the transportation company’s stock worth $5,245,000 after acquiring an additional 55,093 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Alaska Air Group by 102.0% in the 1st quarter. JPMorgan Chase & Co. now owns 697,647 shares of the transportation company’s stock worth $43,226,000 after acquiring an additional 352,335 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

NYSE ALK opened at $67.29 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.73. Alaska Air Group, Inc. has a 12 month low of $57.53 and a 12 month high of $82.68. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, July 26th. The transportation company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.03. Alaska Air Group had a net margin of 10.28% and a return on equity of 16.99%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. research analysts expect that Alaska Air Group, Inc. will post 4.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Tuesday, August 21st were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. Alaska Air Group’s payout ratio is currently 19.28%.

In related news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were 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 in the company, valued at approximately $550,380.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by insiders.

A number of analysts have recently weighed in on ALK shares. Buckingham Research reduced their price target on shares of Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a research note on Monday. Bank of America reduced their price target on shares of Alaska Air Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Imperial Capital reduced their price target on shares of Alaska Air Group from $71.00 to $65.00 and set a “line” rating for the company in a research note on Friday, June 1st. Zacks Investment Research lowered shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus reduced their price target on shares of Alaska Air Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Alaska Air Group presently has an average rating of “Hold” and an average price target of $78.69.

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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