USA Financial Portformulas Corp decreased its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,591 shares of the transportation company’s stock after selling 1,210 shares during the quarter. USA Financial Portformulas Corp’s holdings in Alaska Air Group were worth $485,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bay Street Capital Partners LLC bought a new position in shares of Alaska Air Group in the fourth quarter worth about $3,014,000. Geode Capital Management LLC increased its stake in shares of Alaska Air Group by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 1,371,750 shares of the transportation company’s stock valued at $100,681,000 after buying an additional 42,290 shares during the period. BP Capital Fund Advisors LLC increased its stake in shares of Alaska Air Group by 13.2% in the fourth quarter. BP Capital Fund Advisors LLC now owns 58,826 shares of the transportation company’s stock valued at $4,324,000 after buying an additional 6,880 shares during the period. Investec Asset Management LTD increased its stake in shares of Alaska Air Group by 1.2% in the fourth quarter. Investec Asset Management LTD now owns 873,565 shares of the transportation company’s stock valued at $64,216,000 after buying an additional 10,201 shares during the period. Finally, Maverick Capital Ltd. increased its stake in shares of Alaska Air Group by 193.4% in the fourth quarter. Maverick Capital Ltd. now owns 86,580 shares of the transportation company’s stock valued at $6,364,000 after buying an additional 57,070 shares during the period. 86.42% of the stock is owned by institutional investors and hedge funds.
ALK has been the topic of several recent analyst reports. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the company a “buy” rating in a research note on Friday, February 23rd. Buckingham Research decreased 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. Imperial Capital reaffirmed an “in-line” rating and set a $66.00 target price (down from $70.00) on shares of Alaska Air Group in a research report on Thursday, February 1st. Cowen reissued an “outperform” rating and issued a $84.00 price objective (down previously from $93.00) on shares of Alaska Air Group in a report on Friday, January 26th. Finally, Barclays lowered Alaska Air Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $90.00 to $80.00 in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.53.
Alaska Air Group, Inc. (NYSE:ALK) traded down $3.12 during trading on Wednesday, reaching $65.67. The company’s stock had a trading volume of 2,520,000 shares, compared to its average volume of 2,720,000. The company has a market capitalization of $8,080.00, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 3.38 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a twelve month low of $59.25 and a twelve month high of $97.06.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. equities analysts expect that Alaska Air Group, Inc. will post 5.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th were given a $0.32 dividend. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a yield of 1.95%. Alaska Air Group’s dividend payout ratio is presently 21.05%.
In other Alaska Air Group news, VP Christopher Michael Berry sold 460 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction of $44,620.00. Following the completion of the transaction, the vice president now owns 1,997 shares in the company, valued at approximately $193,709. 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 2,350 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $64.88, for a total value of $152,468.00. Following the transaction, the executive vice president now owns 24,092 shares of the company’s stock, valued at approximately $1,563,088.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,373 shares of company stock valued at $884,697. Company insiders own 0.57% of the company’s stock.
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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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