Flinton Capital Management LLC decreased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,696 shares of the transportation company’s stock after selling 13,468 shares during the quarter. Flinton Capital Management LLC’s holdings in Alaska Air Group were worth $4,388,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Alaska Air Group by 40.8% in the 3rd quarter. Wells Fargo & Company MN now owns 558,877 shares of the transportation company’s stock valued at $42,626,000 after buying an additional 161,990 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its stake in Alaska Air Group by 3.9% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock valued at $3,347,000 after buying an additional 1,650 shares in the last quarter. Magnetar Financial LLC boosted its stake in Alaska Air Group by 86.9% in the 3rd quarter. Magnetar Financial LLC now owns 22,872 shares of the transportation company’s stock valued at $1,744,000 after buying an additional 10,637 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Alaska Air Group by 31.3% in the 3rd quarter. Cohen & Steers Inc. now owns 154,561 shares of the transportation company’s stock valued at $11,788,000 after buying an additional 36,881 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Alaska Air Group by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock valued at $96,254,000 after buying an additional 38,870 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on ALK shares. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Tuesday, January 9th. ValuEngine raised Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lowered Alaska Air Group from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $65.48 to $67.00 in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.69.
Shares of Alaska Air Group stock opened at $64.21 on Thursday. The firm has a market capitalization of $8,018.15, a price-to-earnings ratio of 7.75, a PEG ratio of 1.00 and a beta of 0.84. Alaska Air Group, Inc. has a 52-week low of $59.25 and a 52-week high of $97.06. 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 (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.39% 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 in the previous year, the company posted $1.56 earnings per share. research analysts forecast that Alaska Air Group, Inc. will post 5.71 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is presently 15.46%.
In other news, CEO Gary L. Beck sold 6,360 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $65.10, for a total transaction of $414,036.00. Following the completion of the sale, the chief executive officer now owns 3,316 shares in the company, valued at $215,871.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brandon Pedersen sold 2,700 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $65.14, for a total value of $175,878.00. Following the sale, the vice president now owns 26,888 shares of the company’s stock, valued at approximately $1,751,484.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,373 shares of company stock valued at $884,697. 0.57% of the stock is currently 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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