First Allied Advisory Services Inc. Sells 10,742 Shares of Alaska Air Group, Inc. (ALK)

First Allied Advisory Services Inc. decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 49.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,772 shares of the transportation company’s stock after selling 10,742 shares during the period. First Allied Advisory Services Inc.’s holdings in Alaska Air Group were worth $828,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Alaska Air Group by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock valued at $1,061,794,000 after buying an additional 261,887 shares in the last quarter. Egerton Capital UK LLP increased its holdings in Alaska Air Group by 51.6% during the 3rd quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares in the last quarter. Franklin Resources Inc. increased its holdings in Alaska Air Group by 4.6% during the 2nd quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after purchasing an additional 148,061 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Alaska Air Group by 22.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after purchasing an additional 280,075 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Alaska Air Group by 10.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after purchasing an additional 145,328 shares in the last quarter. Institutional investors own 88.69% of the company’s stock.

Alaska Air Group, Inc. (NYSE:ALK) opened at $69.72 on Tuesday. Alaska Air Group, Inc. has a one year low of $61.10 and a one year high of $101.43. The company has a market cap of $8,581.15, a PE ratio of 9.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. research analysts anticipate that Alaska Air Group, Inc. will post 6.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Tuesday, November 21st were paid a $0.30 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.20 annualized dividend and a yield of 1.72%. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.26%.

A number of equities analysts have issued reports on the company. Barclays reiterated a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Morgan Stanley lowered their target price on Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, August 17th. ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Cowen lowered their target price on Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.27.

In other Alaska Air Group news, 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 transaction of $35,386.20. Following the completion of the sale, the executive vice president now directly owns 20,788 shares in the company, valued at $1,362,237.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at $656,064. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://ledgergazette.com/2017/12/12/first-allied-advisory-services-inc-sells-10742-shares-of-alaska-air-group-inc-alk.html.

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.

Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALK).

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

Receive News & Ratings for Alaska Air Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply