UBS Group AG Sells 69,221 Shares of Alaska Air Group, Inc. (ALK)

UBS Group AG reduced its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 325,823 shares of the transportation company’s stock after selling 69,221 shares during the period. UBS Group AG’s holdings in Alaska Air Group were worth $30,048,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp acquired a new position in shares of Alaska Air Group during the first quarter valued at approximately $64,763,000. FMR LLC increased its stake in Alaska Air Group by 48.3% in the first quarter. FMR LLC now owns 1,810,921 shares of the transportation company’s stock worth $167,003,000 after buying an additional 589,937 shares in the last quarter. Geode Capital Management LLC increased its stake in Alaska Air Group by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,221,333 shares of the transportation company’s stock worth $112,506,000 after buying an additional 37,413 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Alaska Air Group by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,207,619 shares of the transportation company’s stock worth $111,373,000 after buying an additional 14,704 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Alaska Air Group by 44.7% in the fourth quarter. AQR Capital Management LLC now owns 1,154,307 shares of the transportation company’s stock worth $102,422,000 after buying an additional 356,710 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

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

Alaska Air Group, Inc. (NYSE:ALK) traded down 1.0714% on Tuesday, hitting $89.7975. The stock had a trading volume of 401,572 shares. The firm’s 50 day moving average price is $86.59 and its 200-day moving average price is $90.78. Alaska Air Group, Inc. has a 12 month low of $54.51 and a 12 month high of $101.43. The stock has a market cap of $11.10 billion, a PE ratio of 15.2951 and a beta of 0.96.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, April 26th. The transportation company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Alaska Air Group had a net margin of 11.51% and a return on equity of 30.01%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post $8.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Tuesday, May 23rd were issued a $0.30 dividend. The ex-dividend date was Friday, May 19th. This represents a $1.20 annualized dividend and a yield of 1.32%. Alaska Air Group’s dividend payout ratio (DPR) is presently 20.41%.

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ALK has been the topic of a number of research analyst reports. J P Morgan Chase & Co set a $116.00 target price on Alaska Air Group and gave the stock a “buy” rating in a research report on Saturday, April 1st. Imperial Capital decreased their target price on Alaska Air Group from $101.00 to $98.00 and set an “in-line” rating on the stock in a research report on Friday, March 31st. Cowen and Company reiterated a “market perform” rating and issued a $102.00 target price on shares of Alaska Air Group in a research report on Monday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a research report on Friday, April 7th. Finally, Stifel Nicolaus upgraded Alaska Air Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $145.00 in a research report on Monday, March 20th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $105.04.

In related news, Chairman Bradley D. Tilden sold 6,500 shares of Alaska Air Group stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $88.72, for a total value of $576,680.00. Following the completion of the sale, the chairman now owns 148,446 shares in the company, valued at approximately $13,170,129.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 4,700 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $84.63, for a total transaction of $397,761.00. Following the completion of the sale, the chairman now owns 148,646 shares of the company’s stock, valued at approximately $12,579,910.98. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock valued at $2,118,591 in the last quarter. 0.57% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ALK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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