BerganKDV Wealth Management LLC Takes Position in Alaska Air Group, Inc. (ALK)

BerganKDV Wealth Management LLC bought a new position in Alaska Air Group, Inc. (NYSE:ALK) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,959 shares of the transportation company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently modified their holdings of ALK. Thrivent Financial For Lutherans increased its stake in shares of Alaska Air Group by 6.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 4,530 shares of the transportation company’s stock worth $418,000 after acquiring an additional 280 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Alaska Air Group by 7.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 543,049 shares of the transportation company’s stock worth $50,080,000 after acquiring an additional 39,539 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Alaska Air Group by 39.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,857 shares of the transportation company’s stock worth $816,000 after acquiring an additional 2,487 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Alaska Air Group in the 1st quarter worth $955,000. Finally, State Street Corp increased its stake in shares of Alaska Air Group by 4.8% in the 1st quarter. State Street Corp now owns 4,553,574 shares of the transportation company’s stock worth $419,926,000 after acquiring an additional 208,195 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “BerganKDV Wealth Management LLC Takes Position in Alaska Air Group, Inc. (ALK)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/22/bergankdv-wealth-management-llc-takes-position-in-alaska-air-group-inc-alk.html.

A number of brokerages have issued reports on ALK. Bank of America Corporation cut their target price on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Macquarie began coverage on Alaska Air Group in a research note on Monday, September 25th. They issued an “outperform” rating and a $94.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $125.00 target price on shares of Alaska Air Group in a research note on Saturday, September 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Monday, September 18th. Finally, Cowen and Company cut their target price on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $103.15.

In related news, Chairman Bradley D. Tilden sold 2,400 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 2,350 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the transaction, the executive vice president now directly owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded up 1.09% during trading on Friday, reaching $79.69. The company had a trading volume of 1,213,833 shares. The firm has a 50-day moving average of $77.01 and a 200 day moving average of $84.17. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 12.96 and a beta of 0.99. Alaska Air Group, Inc. has a 52 week low of $69.12 and a 52 week high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.01). Alaska Air Group had a return on equity of 3

Several other institutional investors and hedge funds also recently modified their holdings of ALK. Thrivent Financial For Lutherans increased its stake in shares of Alaska Air Group by 6.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 4,530 shares of the transportation company’s stock worth $418,000 after acquiring an additional 280 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Alaska Air Group by 7.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 543,049 shares of the transportation company’s stock worth $50,080,000 after acquiring an additional 39,539 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Alaska Air Group by 39.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,857 shares of the transportation company’s stock worth $816,000 after acquiring an additional 2,487 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Alaska Air Group in the 1st quarter worth $955,000. Finally, State Street Corp increased its stake in shares of Alaska Air Group by 4.8% in the 1st quarter. State Street Corp now owns 4,553,574 shares of the transportation company’s stock worth $419,926,000 after acquiring an additional 208,195 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “BerganKDV Wealth Management LLC Takes Position in Alaska Air Group, Inc. (ALK)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/22/bergankdv-wealth-management-llc-takes-position-in-alaska-air-group-inc-alk.html.

A number of brokerages have issued reports on ALK. Bank of America Corporation cut their target price on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Macquarie began coverage on Alaska Air Group in a research note on Monday, September 25th. They issued an “outperform” rating and a $94.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $125.00 target price on shares of Alaska Air Group in a research note on Saturday, September 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Monday, September 18th. Finally, Cowen and Company cut their target price on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $103.15.

In related news, Chairman Bradley D. Tilden sold 2,400 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the transaction, the chairman now owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 2,350 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the transaction, the executive vice president now directly owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded up 1.09% during trading on Friday, reaching $79.69. The company had a trading volume of 1,213,833 shares. The firm has a 50-day moving average of $77.01 and a 200 day moving average of $84.17. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 12.96 and a beta of 0.99. Alaska Air Group, Inc. has a 52 week low of $69.12 and a 52 week high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.01). Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the company earned $2.12 earnings per share. The business’s revenue was up 40.7% compared to the same quarter last year. On average, equities research analysts forecast that Alaska Air Group, Inc. will post $7.37 earnings per share for the current year.

Alaska Air Group Company 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.

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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