Alaska Air Group, Inc. (ALK) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 59.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,727 shares of the transportation company’s stock after buying an additional 6,994 shares during the period. D.A. Davidson & CO.’s holdings in Alaska Air Group were worth $1,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Point View Wealth Management Inc. purchased a new stake in Alaska Air Group during the fourth quarter worth $251,000. Advisory Services Network LLC lifted its holdings in Alaska Air Group by 12.6% during the fourth quarter. Advisory Services Network LLC now owns 10,570 shares of the transportation company’s stock worth $777,000 after buying an additional 1,185 shares during the period. Toronto Dominion Bank lifted its holdings in Alaska Air Group by 9.9% during the fourth quarter. Toronto Dominion Bank now owns 45,750 shares of the transportation company’s stock worth $3,363,000 after buying an additional 4,111 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Alaska Air Group by 19.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 192,290 shares of the transportation company’s stock worth $14,136,000 after buying an additional 30,829 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Alaska Air Group by 41.3% during the fourth quarter. First Trust Advisors LP now owns 702,179 shares of the transportation company’s stock worth $51,617,000 after buying an additional 205,355 shares during the period. Institutional investors own 88.17% of the company’s stock.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $64.39 on Wednesday. Alaska Air Group, Inc. has a twelve month low of $59.25 and a twelve month high of $101.43. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $7,991.09, a price-to-earnings ratio of 9.80, a PEG ratio of 3.34 and a beta of 0.85.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. sell-side analysts expect that Alaska Air Group, Inc. will post 5.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio is currently 15.46%.

In related news, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher Michael Berry sold 460 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 1,997 shares in the company, valued at $193,709. The disclosure for this sale can be found here. In the last quarter, 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 weighed in on ALK. UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Imperial Capital restated an “in-line” rating and set a $66.00 target price (down previously from $70.00) on shares of Alaska Air Group in a report on Thursday, February 1st. Buckingham Research lowered their target price on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating for the company in a report on Friday, January 26th. Cowen lowered their target price on Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. Finally, Deutsche Bank lowered their target price on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus 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.

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

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