HPM Partners LLC raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 26.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,195 shares of the transportation company’s stock after buying an additional 1,928 shares during the quarter. HPM Partners LLC’s holdings in Alaska Air Group were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of ALK. Nationwide Fund Advisors grew its position in Alaska Air Group by 8.2% during the third quarter. Nationwide Fund Advisors now owns 165,134 shares of the transportation company’s stock worth $12,595,000 after buying an additional 12,499 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Alaska Air Group during the third quarter worth about $706,000. State of Wisconsin Investment Board grew its position in Alaska Air Group by 6.3% during the third quarter. State of Wisconsin Investment Board now owns 26,699 shares of the transportation company’s stock worth $2,036,000 after buying an additional 1,584 shares in the last quarter. American Century Companies Inc. grew its position in Alaska Air Group by 3.5% during the third quarter. American Century Companies Inc. now owns 77,090 shares of the transportation company’s stock worth $5,880,000 after buying an additional 2,610 shares in the last quarter. Finally, Boston Partners purchased a new position in Alaska Air Group during the third quarter worth about $3,217,000. Institutional investors and hedge funds own 86.42% of the company’s stock.
In other news, VP Brandon Pedersen sold 2,700 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $65.14, for a total value of $175,878.00. Following the completion of the sale, the vice president now owns 26,888 shares of the company’s stock, valued at approximately $1,751,484.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary L. Beck sold 6,360 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $65.10, for a total value of $414,036.00. Following the completion of the sale, the chief executive officer now directly owns 3,316 shares of the company’s stock, valued at approximately $215,871.60. The disclosure for this sale can be found here. In the last three months, insiders sold 13,373 shares of company stock valued at $884,697. 0.57% of the stock is currently owned by corporate insiders.
Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $68.79 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 0.79. Alaska Air Group, Inc. has a 52 week low of $59.25 and a 52 week high of $97.06. The stock has a market capitalization of $8,090.72, a PE ratio of 8.31, a price-to-earnings-growth ratio of 3.38 and a beta of 0.84.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue was up 28.7% compared to the same quarter last year. sell-side analysts forecast that Alaska Air Group, Inc. will post 5.74 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is 15.46%.
Several equities analysts recently commented on ALK shares. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Buckingham Research reduced their target price on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price (down from $115.00) on shares of Alaska Air Group in a research report on Wednesday, January 10th. Standpoint Research initiated coverage on Alaska Air Group in a research note on Monday, December 18th. They set a “buy” rating and a $90.00 price target for the company. Finally, Raymond James Financial raised Alaska Air Group from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $85.00 to $80.00 in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $87.53.
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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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