Victory Capital Management Inc. Has $4.61 Million Stake in Alaska Air Group, Inc. (ALK)

Victory Capital Management Inc. decreased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 92.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,725 shares of the transportation company’s stock after selling 720,377 shares during the period. Victory Capital Management Inc.’s holdings in Alaska Air Group were worth $4,610,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ALK. Advisory Services Network LLC increased its holdings in shares of Alaska Air Group by 8,840.6% during the 2nd quarter. Advisory Services Network LLC now owns 2,861 shares of the transportation company’s stock valued at $257,000 after acquiring an additional 2,829 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Alaska Air Group during the 2nd quarter valued at about $240,000. Toronto Dominion Bank increased its holdings in shares of Alaska Air Group by 26.2% during the 2nd quarter. Toronto Dominion Bank now owns 40,353 shares of the transportation company’s stock valued at $3,622,000 after acquiring an additional 8,386 shares during the last quarter. Sentry Investment Management LLC increased its holdings in shares of Alaska Air Group by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock valued at $819,000 after acquiring an additional 98 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Alaska Air Group by 2.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 275,798 shares of the transportation company’s stock valued at $21,035,000 after acquiring an additional 7,091 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $64.97 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a 52-week low of $59.25 and a 52-week high of $101.43. The company has a market capitalization of $7,991.12, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 3.34 and a beta of 0.85.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $1.56 EPS. The company’s quarterly revenue was up 28.7% on a year-over-year basis. sell-side analysts expect that Alaska Air Group, Inc. will post 5.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be given a $0.32 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio (DPR) is currently 14.49%.

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 value of $44,620.00. Following the completion of the sale, the vice president now owns 1,997 shares in the company, valued at approximately $193,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $335,512.00. Following the completion of the sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Insiders sold a total of 5,934 shares of company stock valued at $415,518 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Several analysts recently weighed in on ALK shares. Imperial Capital decreased their target price on Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research note on Thursday, October 26th. Cowen decreased their target price on Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus decreased their target price on Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Morgan Stanley increased their target price on Alaska Air Group from $83.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Deutsche Bank decreased their target price on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $87.68.

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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.

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

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