U S Global Investors Inc. boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 62,850 shares of the transportation company’s stock after purchasing an additional 8,738 shares during the quarter. Alaska Air Group comprises about 1.4% of U S Global Investors Inc.’s holdings, making the stock its 10th biggest holding. U S Global Investors Inc. owned 0.05% of Alaska Air Group worth $4,790,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Mountain Capital Investment Advisors Inc purchased a new stake in Alaska Air Group during the 2nd quarter valued at about $122,000. Mercer Capital Advisers Inc. purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $116,000. Bessemer Group Inc. grew its position in Alaska Air Group by 57.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 695 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $153,000. Finally, Pacer Advisors Inc. grew its position in Alaska Air Group by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 2,405 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 181 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors.
In other news, CEO David L. Campbell sold 4,934 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $69.74 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market cap of $8,581.16, a PE ratio of 9.48 and a beta of 1.03. Alaska Air Group, Inc. has a 1-year low of $61.10 and a 1-year high of $101.43.
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 analysts’ consensus estimates of $2.26 by ($0.02). The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business’s revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 EPS. sell-side analysts forecast that Alaska Air Group, Inc. will post 6.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.26%.
Several analysts recently commented on ALK shares. Imperial Capital cut their price objective on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday, October 26th. Morgan Stanley reissued an “overweight” rating on shares of Alaska Air Group in a research report on Tuesday, September 12th. BidaskClub downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Bank of America cut their price objective on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Finally, UBS raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $91.27.
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Alaska Air Group 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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