Trexquant Investment LP increased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 162.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,422 shares of the transportation company’s stock after purchasing an additional 8,922 shares during the quarter. Trexquant Investment LP’s holdings in Alaska Air Group were worth $1,100,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Egerton Capital UK LLP purchased a new position in Alaska Air Group in the 2nd quarter valued at approximately $265,002,000. Principal Financial Group Inc. grew its position in shares of Alaska Air Group by 149.3% during 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 purchasing an additional 737,020 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Alaska Air Group during the 2nd quarter valued at $57,891,000. State of New Jersey Common Pension Fund D grew its position in shares of Alaska Air Group by 900.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 500,000 shares of the transportation company’s stock valued at $44,880,000 after purchasing an additional 450,000 shares in the last quarter. Finally, Ardevora Asset Management LLP purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at $33,124,000. 88.46% of the stock is currently owned by institutional investors.
In other news, CEO David L. Campbell sold 4,934 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Following the sale, the chief executive officer now owns 9,648 shares in the company, valued at $656,064. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the sale, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.
Alaska Air Group, Inc. (NYSE:ALK) opened at $67.83 on Thursday. The company has a market cap of $8,379.36, a PE ratio of 9.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. Alaska Air Group, Inc. has a one year low of $61.10 and a one year high of $101.43.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company posted $2.20 earnings per share. The business’s revenue was up 35.4% on a year-over-year basis. sell-side analysts predict that Alaska Air Group, Inc. will post 6.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s dividend payout ratio is currently 19.26%.
A number of research firms have recently commented on ALK. Morgan Stanley set a $78.00 price target on shares of Alaska Air Group and gave the company a “buy” rating in a research report on Thursday, November 16th. Imperial Capital dropped their price objective on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a report on Thursday, October 26th. J P Morgan Chase & Co downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective for the company. in a report on Wednesday, November 1st. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen reaffirmed a “buy” rating and set a $103.00 price objective on shares of Alaska Air Group in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $91.27.
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Alaska Air Group 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.
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