Boston Partners Acquires New Stake in Alaska Air Group, Inc. (ALK)

Boston Partners acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,184 shares of the transportation company’s stock, valued at approximately $3,217,000.

Several other large investors have also bought and sold shares of the company. Thrivent Financial For Lutherans lifted its stake in Alaska Air Group by 6.6% during the first quarter. Thrivent Financial For Lutherans now owns 4,530 shares of the transportation company’s stock valued at $418,000 after buying an additional 280 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Alaska Air Group by 105.0% during the second quarter. State of Alaska Department of Revenue now owns 5,291 shares of the transportation company’s stock valued at $474,000 after buying an additional 2,710 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Alaska Air Group by 10.9% during the second quarter. LS Investment Advisors LLC now owns 3,146 shares of the transportation company’s stock valued at $282,000 after buying an additional 310 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Alaska Air Group by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the transportation company’s stock valued at $691,000 after buying an additional 100 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Alaska Air Group by 8.7% during the second quarter. Aperio Group LLC now owns 53,209 shares of the transportation company’s stock valued at $4,776,000 after buying an additional 4,259 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

ALK has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $125.00 price objective on shares of Alaska Air Group in a research note on Saturday, September 23rd. Barclays PLC reaffirmed a “buy” rating on shares of Alaska Air Group in a research note on Thursday, September 14th. Cowen and Company reaffirmed a “buy” rating and set a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, September 12th. ValuEngine lowered shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Bank of America Corporation reduced their price objective on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.27.

Alaska Air Group, Inc. (NYSE ALK) opened at $66.40 on Friday. Alaska Air Group, Inc. has a twelve month low of $61.10 and a twelve month high of $101.43. The company has a market capitalization of $8,170.19, a P/E ratio of 9.02 and a beta of 1.01. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company posted $2.20 EPS. The company’s quarterly revenue was up 35.4% on a year-over-year basis. analysts expect that Alaska Air Group, Inc. will post 6.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be issued a $0.30 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Alaska Air Group’s dividend payout ratio is currently 19.26%.

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Alaska Air Group Company Profile

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.

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

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