Captrust Financial Advisors reduced its holdings in shares of Alaska Air Group (NYSE:ALK) by 55.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,139 shares of the transportation company’s stock after selling 5,124 shares during the quarter. Captrust Financial Advisors’ holdings in Alaska Air Group were worth $304,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in Alaska Air Group by 8.2% during the 3rd quarter. Nationwide Fund Advisors now owns 165,134 shares of the transportation company’s stock worth $12,595,000 after purchasing an additional 12,499 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Alaska Air Group by 6.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 26,699 shares of the transportation company’s stock worth $2,036,000 after purchasing an additional 1,584 shares during the last quarter. American Century Companies Inc. lifted its holdings in Alaska Air Group by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 77,090 shares of the transportation company’s stock worth $5,880,000 after purchasing an additional 2,610 shares during the last quarter. Boston Partners acquired a new stake in Alaska Air Group during the 3rd quarter worth approximately $3,217,000. Finally, Global X MANAGEMENT CO LLC lifted its holdings in Alaska Air Group by 13.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,712 shares of the transportation company’s stock worth $588,000 after purchasing an additional 908 shares during the last quarter. Institutional investors own 86.33% of the company’s stock.
NYSE ALK traded down $1.34 during midday trading on Friday, hitting $60.77. The company had a trading volume of 2,200,558 shares, compared to its average volume of 2,065,145. The stock has a market capitalization of $7,639.32, a PE ratio of 9.15, a P/E/G ratio of 0.96 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.77. Alaska Air Group has a twelve month low of $57.60 and a twelve month high of $95.75.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 EPS. equities analysts expect that Alaska Air Group will post 5.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is 19.28%.
In other news, CEO Gary L. Beck sold 6,360 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $65.10, for a total transaction of $414,036.00. Following the completion of the transaction, the chief executive officer now owns 3,316 shares of the company’s stock, valued at approximately $215,871.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kyle B. Levine sold 1,503 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $65.00, for a total value of $97,695.00. Following the transaction, the vice president now directly owns 7,182 shares of the company’s stock, valued at approximately $466,830. The disclosure for this sale can be found here. Insiders have sold a total of 13,373 shares of company stock valued at $884,697 in the last three months. 0.57% of the stock is owned by insiders.
Several analysts recently weighed in on the company. JPMorgan Chase cut Alaska Air Group from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $65.48 to $67.00 in a report on Tuesday, January 30th. ValuEngine cut Alaska Air Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research cut Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Morgan Stanley dropped their price target on Alaska Air Group from $86.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Finally, TheStreet cut Alaska Air Group from a “b-” rating to a “c+” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.69.
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Alaska Air Group Profile
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
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