Twin Tree Management LP Takes $631,000 Position in Alaska Air Group, Inc. (ALK)

Twin Tree Management LP bought a new position in Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,579 shares of the transportation company’s stock, valued at approximately $631,000.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Alaska Air Group by 40.8% in the third quarter. Wells Fargo & Company MN now owns 558,877 shares of the transportation company’s stock worth $42,626,000 after buying an additional 161,990 shares during the period. Financial Engines Advisors L.L.C. raised its stake in shares of Alaska Air Group by 3.9% in the third quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock worth $3,347,000 after buying an additional 1,650 shares during the period. Magnetar Financial LLC raised its stake in shares of Alaska Air Group by 86.9% in the third quarter. Magnetar Financial LLC now owns 22,872 shares of the transportation company’s stock worth $1,744,000 after buying an additional 10,637 shares during the period. Cohen & Steers Inc. raised its stake in shares of Alaska Air Group by 31.3% in the third quarter. Cohen & Steers Inc. now owns 154,561 shares of the transportation company’s stock worth $11,788,000 after buying an additional 36,881 shares during the period. Finally, Goodman Financial Corp raised its stake in shares of Alaska Air Group by 4.0% in the third quarter. Goodman Financial Corp now owns 79,845 shares of the transportation company’s stock worth $6,090,000 after buying an additional 3,048 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on ALK. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. JPMorgan Chase & Co. downgraded Alaska Air Group from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $65.48 to $67.00 in a research note on Tuesday, January 30th. Imperial Capital decreased their price objective on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research note on Thursday, October 26th. ValuEngine raised Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Bank of America downgraded Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Alaska Air Group has a consensus rating of “Buy” and an average target price of $87.68.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $64.97 on Friday. The stock has a market capitalization of $8,138.69, a P/E ratio of 7.85, a P/E/G ratio of 3.41 and a beta of 0.85. Alaska Air Group, Inc. has a 12 month low of $59.25 and a 12 month high of $101.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.78 and a current ratio of 0.79.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the company earned $1.56 EPS. equities analysts forecast that Alaska Air Group, Inc. will post 5.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, February 16th. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio (DPR) is 14.49%.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Insiders have sold a total of 5,934 shares of company stock worth $415,518 in the last three months. 0.57% of the stock is owned by corporate insiders.

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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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