Alaska Air Group, Inc. (ALK) Holdings Lifted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 24.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 232,421 shares of the transportation company’s stock after purchasing an additional 46,152 shares during the quarter. Great West Life Assurance Co. Can owned 0.19% of Alaska Air Group worth $17,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Alaska Air Group by 2.3% in the second quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock valued at $1,061,794,000 after buying an additional 261,887 shares during the period. Egerton Capital UK LLP lifted its position in shares of Alaska Air Group by 51.6% in the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Alaska Air Group by 4.6% in the second quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after purchasing an additional 148,061 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Alaska Air Group by 22.8% in the third quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after purchasing an additional 280,075 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Alaska Air Group by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after purchasing an additional 145,328 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded up $1.44 during mid-day trading on Friday, hitting $70.83. 2,454,359 shares of the stock traded hands, compared to its average volume of 1,780,000. The firm has a market cap of $8,720.00, a P/E ratio of 9.62 and a beta of 1.03. Alaska Air Group, Inc. has a one year low of $61.10 and a one year high of $101.43. 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 data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.26 by ($0.02). The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. equities analysts expect that Alaska Air Group, Inc. will post 6.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Tuesday, November 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, November 20th. Alaska Air Group’s payout ratio is currently 19.23%.

Several research firms have issued reports on ALK. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley set a $78.00 price target on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. Raymond James Financial raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $85.00 to $80.00 in a research report on Wednesday, November 15th. UBS upgraded shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, J P Morgan Chase & Co downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Wednesday, November 1st. Two 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 company. Alaska Air Group presently has a consensus rating of “Buy” and a consensus price target of $91.27.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the transaction, the chief executive officer now directly owns 9,648 shares in the company, valued at approximately $656,064. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Alaska Air Group, Inc. (ALK) Holdings Lifted by Great West Life Assurance Co. Can” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/17/alaska-air-group-inc-alk-stake-boosted-by-great-west-life-assurance-co-can.html.

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)

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply