Boston Common Asset Management LLC Has $993,000 Position in Alaska Air Group, Inc. (ALK)

Boston Common Asset Management LLC increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,503 shares of the transportation company’s stock after purchasing an additional 4,023 shares during the period. Boston Common Asset Management LLC’s holdings in Alaska Air Group were worth $993,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ALK. Thrivent Financial For Lutherans grew its stake in shares of Alaska Air Group by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,670 shares of the transportation company’s stock worth $419,000 after purchasing an additional 140 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Alaska Air Group by 24.1% during the second quarter. The Manufacturers Life Insurance Company now owns 205,247 shares of the transportation company’s stock worth $18,423,000 after purchasing an additional 39,837 shares during the period. Nomura Holdings Inc. grew its stake in shares of Alaska Air Group by 71.4% during the second quarter. Nomura Holdings Inc. now owns 10,660 shares of the transportation company’s stock worth $957,000 after purchasing an additional 4,441 shares during the period. Afam Capital Inc. grew its stake in shares of Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock worth $1,084,000 after purchasing an additional 164 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of Alaska Air Group by 8,840.6% during the second quarter. Advisory Services Network LLC now owns 2,861 shares of the transportation company’s stock worth $257,000 after purchasing an additional 2,829 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on ALK. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Bank of America cut Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Tuesday, January 9th. Standpoint Research began coverage on Alaska Air Group in a research note on Monday, December 18th. They set a “buy” rating and a $90.00 price objective for the company. Barclays cut Alaska Air Group from an “overweight” rating to an “equal weight” rating and decreased their price objective 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 target price (down from $115.00) on shares of Alaska Air Group in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $87.68.

In other news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction dated 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 in the company, valued at $656,064. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Michael Berry sold 460 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the sale, the vice president now owns 1,997 shares in the company, valued at $193,709. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,934 shares of company stock worth $415,518. Corporate insiders own 0.57% of the company’s stock.

Alaska Air Group, Inc. (NYSE ALK) opened at $66.01 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.78 and a current ratio of 0.79. The firm has a market capitalization of $8,120.00, a PE ratio of 7.96, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. Alaska Air Group, Inc. has a twelve month low of $59.25 and a twelve month high of $101.43.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. equities analysts predict that Alaska Air Group, Inc. will post 5.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.94%. Alaska Air Group’s payout ratio is currently 14.48%.

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

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