UBS Asset Management Americas Inc. Acquires 13,950 Shares of Alaska Air Group, Inc. (ALK)

UBS Asset Management Americas Inc. grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 46.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,764 shares of the transportation company’s stock after buying an additional 13,950 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Alaska Air Group were worth $3,928,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ALK. Mackenzie Financial Corp acquired a new position in shares of Alaska Air Group in the 1st quarter valued at $64,763,000. BlackRock Inc. raised its stake in shares of Alaska Air Group by 4,899.5% in the 1st quarter. BlackRock Inc. now owns 6,979,699 shares of the transportation company’s stock valued at $643,668,000 after buying an additional 6,840,090 shares in the last quarter. Egerton Capital UK LLP acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $265,002,000. Principal Financial Group Inc. raised its stake in shares of Alaska Air Group by 149.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock valued at $110,457,000 after buying an additional 737,020 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Alaska Air Group by 48.3% in the 1st quarter. FMR LLC now owns 1,810,921 shares of the transportation company’s stock valued at $167,003,000 after buying an additional 589,937 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

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Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at 80.68 on Wednesday. The firm has a market cap of $9.97 billion, a PE ratio of 13.12 and a beta of 0.99. Alaska Air Group, Inc. has a 12 month low of $69.12 and a 12 month high of $101.43. The company’s 50 day moving average is $75.75 and its 200-day moving average is $84.82.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The firm’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same period last year, the firm earned $2.12 EPS. Equities research analysts predict that Alaska Air Group, Inc. will post $7.52 EPS for the current year.

ALK has been the subject of a number of recent research reports. ValuEngine cut shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, July 4th. Bank of America Corporation increased their price objective on shares of Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Finally, Cowen and Company restated a “buy” rating and issued a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Alaska Air Group has a consensus rating of “Buy” and a consensus target price of $103.59.

In related news, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $94.48, for a total value of $529,088.00. Following the completion of the transaction, the chairman now directly owns 145,546 shares of the company’s stock, valued at approximately $13,751,186.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,350 shares of company stock valued at $937,251. 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.

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

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