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 position in Alaska Air Group by 1.2% during the 4th quarter. Investec Asset Management LTD now owns 873,565 shares of the transportation company’s stock valued at $64,216,000 after purchasing an additional 10,201 shares during the period. Finally, Maverick Capital Ltd. increased its position in Alaska Air Group by 193.4% during the 4th quarter. Maverick Capital Ltd. now owns 86,580 shares of the transportation company’s stock valued at $6,364,000 after purchasing an additional 57,070 shares during the period. 86.42% of the stock is owned by institutional investors and hedge funds.
Shares of Alaska Air Group, Inc. (NYSE ALK) traded down $3.12 during mid-day 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 P/E/G ratio of 3.38 and a beta of 0.84. Alaska Air Group, Inc. has a 12-month low of $59.25 and a 12-month high of $97.06. 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 (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. equities analysts forecast that Alaska Air Group, Inc. will post 5.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.32 per share. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, February 16th. Alaska Air Group’s dividend payout ratio is presently 21.05%.
In other Alaska Air Group news, VP Brandon Pedersen sold 2,700 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $65.14, for a total value of $175,878.00. Following the transaction, the vice president now owns 26,888 shares of the company’s stock, valued at $1,751,484.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Kyle B. Levine sold 1,503 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $65.00, for a total value of $97,695.00. Following the completion of the transaction, the vice president now directly owns 7,182 shares in the company, valued at approximately $466,830. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,373 shares of company stock worth $884,697. Corporate insiders own 0.57% of the company’s stock.
Several analysts have recently commented on the stock. Morgan Stanley set a $78.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, February 23rd. Buckingham Research cut their target price on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Imperial Capital restated an “in-line” rating and set a $66.00 price objective (down from $70.00) on shares of Alaska Air Group in a research note on Thursday, February 1st. Cowen restated an “outperform” rating and set a $84.00 price objective (down from $93.00) on shares of Alaska Air Group in a research note on Friday, January 26th. Finally, Barclays lowered Alaska Air Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $90.00 to $80.00 in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $87.53.
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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