HBK Investments L P boosted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,900 shares of the transportation company’s stock after buying an additional 5,192 shares during the period. HBK Investments L P’s holdings in Alaska Air Group were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Two Sigma Advisers LP increased its position in Alaska Air Group by 540.5% in the 4th quarter. Two Sigma Advisers LP now owns 685,616 shares of the transportation company’s stock worth $50,400,000 after purchasing an additional 578,574 shares during the last quarter. HPM Partners LLC increased its position in Alaska Air Group by 26.5% in the 4th quarter. HPM Partners LLC now owns 9,195 shares of the transportation company’s stock worth $676,000 after purchasing an additional 1,928 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in Alaska Air Group in the 4th quarter worth about $233,000. Guggenheim Capital LLC increased its position in Alaska Air Group by 49.4% in the 4th quarter. Guggenheim Capital LLC now owns 739,519 shares of the transportation company’s stock worth $54,362,000 after purchasing an additional 244,681 shares during the last quarter. Finally, Credit Capital Investments LLC acquired a new position in Alaska Air Group in the 4th quarter worth about $368,000. 86.32% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Christopher Michael Berry sold 460 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction 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 SEC, which is available through the SEC website. Also, CEO Gary L. Beck sold 6,360 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.10, for a total value of $414,036.00. Following the sale, the chief executive officer now owns 3,316 shares of the company’s stock, valued at approximately $215,871.60. 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 owned by corporate insiders.
Several brokerages have weighed in on ALK. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Tuesday, January 9th. Standpoint Research initiated coverage on Alaska Air Group in a research note on Monday, December 18th. They set a “buy” rating and a $90.00 price target for the company. Barclays downgraded Alaska Air Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $90.00 to $80.00 in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price target (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $84.69.
Shares of ALK stock opened at $65.19 on Wednesday. The stock has a market capitalization of $8,007.08, a PE ratio of 9.82, 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 quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting the 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company posted $1.56 EPS. The firm’s revenue was up 28.7% on a year-over-year basis. research analysts expect that Alaska Air Group, Inc. will post 5.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $0.32 per share. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 16th. This represents a $1.28 annualized dividend and a yield of 1.96%. Alaska Air Group’s dividend payout ratio is presently 15.46%.
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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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