James Investment Research Inc. decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 55.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,915 shares of the transportation company’s stock after selling 33,079 shares during the period. James Investment Research Inc.’s holdings in Alaska Air Group were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of ALK. Mercer Capital Advisers Inc. bought a new position in shares of Alaska Air Group during the 3rd quarter valued at about $116,000. Mountain Capital Investment Advisors Inc purchased a new stake in Alaska Air Group during the second quarter valued at about $122,000. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group during the third quarter valued at about $153,000. Harbour Capital Advisors LLC purchased a new stake in Alaska Air Group during the third quarter valued at about $200,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Alaska Air Group during the third quarter valued at about $207,000. Institutional investors own 87.18% of the company’s stock.
Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $66.01 on Tuesday. Alaska Air Group, Inc. has a 52 week low of $59.25 and a 52 week high of $101.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.78. The stock has a market cap of $8,120.00, a price-to-earnings ratio of 7.96, a PEG ratio of 3.33 and a beta of 0.85.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $1.56 earnings per share. The business’s revenue was up 28.7% compared to the same quarter last year. research analysts expect that Alaska Air Group, Inc. will post 5.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is currently 14.48%.
In other Alaska Air Group news, VP Christopher Michael Berry sold 460 shares of Alaska Air Group stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction of $44,620.00. Following the completion of the transaction, the vice president now directly owns 1,997 shares of the company’s stock, valued at $193,709. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Campbell sold 4,934 shares of Alaska Air Group stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the completion of the transaction, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at $656,064. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,934 shares of company stock valued at $415,518. Company insiders own 0.57% of the company’s stock.
A number of research firms have recently issued reports on ALK. Buckingham Research reduced their price target on shares of Alaska Air Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Imperial Capital reaffirmed an “in-line” rating and set a $66.00 price objective (down previously from $70.00) on shares of Alaska Air Group in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered shares of Alaska Air Group from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $65.48 to $67.00 in a research report on Tuesday, January 30th. Cowen reaffirmed an “outperform” rating and set a $84.00 price objective (down previously from $93.00) on shares of Alaska Air Group in a research report on Friday, January 26th. Finally, Morgan Stanley cut their price objective on shares of Alaska Air Group from $86.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.68.
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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.
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