7,768 Shares in Alaska Air Group, Inc. (NYSE:ALK) Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,768 shares of the transportation company’s stock, valued at approximately $571,000.

Other large investors have also bought and sold shares of the company. Egerton Capital UK LLP boosted its position in shares of Alaska Air Group by 51.6% during the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock valued at $341,422,000 after buying an additional 1,524,149 shares during the period. Principal Financial Group Inc. boosted its position in shares of Alaska Air Group by 22.8% during the third quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock valued at $115,218,000 after buying an additional 280,075 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Alaska Air Group by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,262,058 shares of the transportation company’s stock valued at $96,254,000 after buying an additional 38,870 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Alaska Air Group by 15.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,061,230 shares of the transportation company’s stock valued at $80,940,000 after buying an additional 141,434 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Alaska Air Group by 67.2% during the third quarter. Victory Capital Management Inc. now owns 783,102 shares of the transportation company’s stock valued at $59,728,000 after buying an additional 314,673 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $335,512.00. Following the sale, 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. Insiders sold a total of 5,934 shares of company stock valued at $415,518 in the last three months. 0.57% of the stock is currently owned by corporate insiders.

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $66.76 on Thursday. The company has a market cap of $8,210.00, a PE ratio of 8.05, a price-to-earnings-growth ratio of 3.40 and a beta of 0.85. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a 1-year low of $59.25 and a 1-year high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) 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 business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $1.56 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. equities research analysts expect that Alaska Air Group, Inc. will post 5.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio (DPR) is 14.48%.

A number of brokerages recently issued reports on ALK. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Tuesday, January 9th. Standpoint Research began coverage on Alaska Air Group in a report on Monday, December 18th. They set a “buy” rating and a $90.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target (down from $115.00) on shares of Alaska Air Group in a research report on Wednesday, January 10th. Finally, Barclays downgraded Alaska Air Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, January 10th. 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $87.68.

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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.

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

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