Caxton Associates LP Has $4.84 Million Position in Alaska Air Group, Inc. (ALK)

Caxton Associates LP trimmed its position in Alaska Air Group, Inc. (NYSE:ALK) by 29.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,500 shares of the transportation company’s stock after selling 26,900 shares during the period. Caxton Associates LP owned approximately 0.05% of Alaska Air Group worth $4,843,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ALK. Schroder Investment Management Group raised its holdings in Alaska Air Group by 41.2% during the 2nd quarter. Schroder Investment Management Group now owns 773,245 shares of the transportation company’s stock worth $68,897,000 after buying an additional 225,600 shares during the period. JPMorgan Chase & Co. raised its holdings in Alaska Air Group by 78.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 805,723 shares of the transportation company’s stock worth $72,323,000 after buying an additional 353,166 shares during the period. Legal & General Group Plc grew its stake in shares of Alaska Air Group by 11.3% during the 2nd quarter. Legal & General Group Plc now owns 161,010 shares of the transportation company’s stock worth $14,453,000 after acquiring an additional 16,407 shares in the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of Alaska Air Group by 3.9% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company’s stock worth $3,347,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Alaska Air Group by 149.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock worth $110,457,000 after acquiring an additional 737,020 shares in the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

In other news, EVP Andrew R. Harrison sold 540 shares of Alaska Air Group stock in a transaction on Monday, November 27th. The stock was 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 owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Campbell sold 4,934 shares of Alaska Air Group stock in a transaction 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 sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $69.74 on Friday. Alaska Air Group, Inc. has a twelve month low of $61.10 and a twelve month high of $101.43. The stock has a market capitalization of $8,535.63, a price-to-earnings ratio of 9.43 and a beta of 1.03. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. equities research analysts expect that Alaska Air Group, Inc. will post 6.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, November 20th. Alaska Air Group’s dividend payout ratio is 19.26%.

ALK has been the subject of several research reports. Imperial Capital decreased their price target on shares of 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. BidaskClub cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Bank of America decreased their price target on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Finally, UBS raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $91.27.

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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.

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

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