GSA Capital Partners LLP purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,813 shares of the transportation company’s stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter worth $294,000. SG Americas Securities LLC boosted its holdings in shares of Alaska Air Group by 102.3% during the 3rd quarter. SG Americas Securities LLC now owns 47,522 shares of the transportation company’s stock worth $3,272,000 after buying an additional 24,030 shares during the period. MML Investors Services LLC boosted its holdings in shares of Alaska Air Group by 63.9% during the 3rd quarter. MML Investors Services LLC now owns 6,743 shares of the transportation company’s stock worth $464,000 after buying an additional 2,628 shares during the period. Norinchukin Bank The boosted its holdings in shares of Alaska Air Group by 13.4% during the 3rd quarter. Norinchukin Bank The now owns 15,838 shares of the transportation company’s stock worth $1,091,000 after buying an additional 1,872 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Alaska Air Group by 28.7% during the 3rd quarter. Janus Henderson Group PLC now owns 8,794 shares of the transportation company’s stock worth $606,000 after buying an additional 1,959 shares during the period. Institutional investors own 88.20% of the company’s stock.
In other news, VP Christopher Michael Berry sold 750 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total value of $50,355.00. Following the completion of the transaction, the vice president now owns 1,233 shares in the company, valued at approximately $82,783.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 4,000 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $62.93, for a total transaction of $251,720.00. Following the completion of the transaction, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $1,394,969.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,776 shares of company stock valued at $551,687. Corporate insiders own 0.56% of the company’s stock.
Several analysts recently issued reports on the stock. Buckingham Research decreased their price objective on shares of Alaska Air Group from $88.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 8th. Citigroup decreased their price objective on shares of Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday, March 5th. ValuEngine downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Vertical Research began coverage on shares of Alaska Air Group in a research note on Monday, February 4th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $76.97.
NYSE:ALK opened at $54.25 on Friday. The firm has a market cap of $6.80 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.34 and a beta of 0.82. Alaska Air Group, Inc. has a one year low of $53.70 and a one year high of $74.83. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 0.43.
Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. As a group, analysts forecast that Alaska Air Group, Inc. will post 6.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 19th were paid a $0.35 dividend. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.58%. Alaska Air Group’s dividend payout ratio is currently 31.39%.
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Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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