Raymond James Trust N.A. grew its position in Alaska Air Group, Inc. (NYSE:ALK) by 24.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,542 shares of the transportation company’s stock after purchasing an additional 1,285 shares during the period. Raymond James Trust N.A.’s holdings in Alaska Air Group were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scout Investments Inc. boosted its holdings in Alaska Air Group by 3.2% in the 3rd quarter. Scout Investments Inc. now owns 459,772 shares of the transportation company’s stock valued at $31,660,000 after purchasing an additional 14,463 shares during the period. Lau Associates LLC lifted its holdings in shares of Alaska Air Group by 9.1% during the 3rd quarter. Lau Associates LLC now owns 34,600 shares of the transportation company’s stock worth $2,383,000 after acquiring an additional 2,900 shares during the period. Montecito Bank & Trust lifted its holdings in shares of Alaska Air Group by 29.5% during the 3rd quarter. Montecito Bank & Trust now owns 7,198 shares of the transportation company’s stock worth $495,000 after acquiring an additional 1,639 shares during the period. Kiley Juergens Wealth Management LLC lifted its holdings in shares of Alaska Air Group by 34.4% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 10,957 shares of the transportation company’s stock worth $754,000 after acquiring an additional 2,804 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new position in shares of Alaska Air Group during the 3rd quarter worth about $209,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.

Alaska Air Group stock traded up $0.26 during midday trading on Friday, hitting $65.97. 1,046,401 shares of the stock were exchanged, compared to its average volume of 1,701,259. Alaska Air Group, Inc. has a 52 week low of $57.53 and a 52 week high of $76.06. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 4.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71.

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, topping the consensus estimate of $1.81 by $0.10. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. As a group, analysts predict that Alaska Air Group, Inc. will post 4.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Tuesday, November 20th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, November 19th. Alaska Air Group’s payout ratio is currently 19.28%.

ALK has been the subject of several analyst reports. Buckingham Research cut 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 report on Monday, September 24th. TheStreet raised shares of Alaska Air Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 19th. Zacks Investment Research raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Imperial Capital upgraded shares of Alaska Air Group from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $62.00 to $95.00 in a research report on Thursday, September 27th. Finally, Morgan Stanley set a $72.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a research report on Friday, October 5th. 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 company. The stock presently has an average rating of “Hold” and a consensus target price 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 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 transaction, the executive vice president now owns 8,238 shares of the company’s stock, valued at $550,380.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 930 shares of Alaska Air Group stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the transaction, the executive vice president now directly owns 21,562 shares in the company, valued at approximately $1,348,703.10. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Raymond James Trust N.A. Boosts Stake in Alaska Air Group, Inc. (NYSE:ALK)” was originally reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.mareainformativa.com/2018/11/10/alaska-air-group-inc-alk-holdings-raised-by-raymond-james-trust-n-a-updated-updated-updated.html.

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.

Featured Article: How Investors Use a Balance Sheet

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

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.