Alaska Air Group, Inc. (ALK) Stake Increased by Boston Common Asset Management LLC

Boston Common Asset Management LLC lifted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 8.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,296 shares of the transportation company’s stock after purchasing an additional 1,440 shares during the quarter. Boston Common Asset Management LLC’s holdings in Alaska Air Group were worth $1,260,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Alaska Air Group by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,775,486 shares of the transportation company’s stock worth $107,222,000 after purchasing an additional 319,831 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Alaska Air Group by 27.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,719,802 shares of the transportation company’s stock worth $103,859,000 after purchasing an additional 367,895 shares in the last quarter. FMR LLC boosted its position in shares of Alaska Air Group by 7.6% in the 2nd quarter. FMR LLC now owns 1,209,729 shares of the transportation company’s stock worth $73,056,000 after purchasing an additional 85,461 shares in the last quarter. LSV Asset Management boosted its position in shares of Alaska Air Group by 1.4% in the 2nd quarter. LSV Asset Management now owns 1,131,347 shares of the transportation company’s stock worth $68,322,000 after purchasing an additional 15,500 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Alaska Air Group by 25.5% in the 2nd quarter. American Century Companies Inc. now owns 1,021,332 shares of the transportation company’s stock worth $61,678,000 after purchasing an additional 207,649 shares in the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on ALK shares. TheStreet upgraded Alaska Air Group from a “c+” rating to a “b-” rating in a research note on Wednesday, September 19th. Morgan Stanley set a $72.00 target price on Alaska Air Group and gave the stock a “buy” rating in a research note on Friday, October 5th. Buckingham Research reduced their target price 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. Stifel Nicolaus reduced their target price on 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. Finally, Deutsche Bank raised their target price on Alaska Air Group from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $76.69.

In other Alaska Air Group news, EVP Shane R. Tackett sold 3,000 shares of Alaska Air Group stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $66.81, for a total transaction of $200,430.00. Following the completion of the transaction, the executive vice president now owns 8,238 shares in the company, valued at approximately $550,380.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 930 shares of Alaska Air Group stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the transaction, the executive vice president now owns 21,562 shares of the company’s stock, valued at approximately $1,348,703.10. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Shares of ALK stock opened at $63.88 on Monday. The firm has a market capitalization of $7.87 billion, a P/E ratio of 14.07, a PEG ratio of 4.78 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 released its quarterly earnings data on Thursday, October 25th. The transportation company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.10. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. Analysts forecast that Alaska Air Group, Inc. will post 4.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.00%. Alaska Air Group’s payout ratio is currently 19.28%.

Alaska Air Group Company Profile

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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