Adams Asset Advisors LLC trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 92,861 shares of the transportation company’s stock after selling 1,440 shares during the quarter. Alaska Air Group comprises 0.8% of Adams Asset Advisors LLC’s portfolio, making the stock its 26th largest holding. Adams Asset Advisors LLC’s holdings in Alaska Air Group were worth $5,650,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. North Star Investment Management Corp. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $49,000. Centaurus Financial Inc. acquired a new stake in shares of Alaska Air Group during the second quarter worth $118,000. Tower Research Capital LLC TRC acquired a new stake in shares of Alaska Air Group during the third quarter worth $171,000. Rampart Investment Management Company LLC raised its holdings in shares of Alaska Air Group by 113.0% during the third quarter. Rampart Investment Management Company LLC now owns 2,662 shares of the transportation company’s stock worth $183,000 after acquiring an additional 1,412 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Alaska Air Group by 98.1% during the third quarter. IFP Advisors Inc now owns 2,758 shares of the transportation company’s stock worth $190,000 after acquiring an additional 1,366 shares during the period. Institutional investors and hedge funds own 93.12% of the company’s stock.
ALK stock traded up $1.22 during midday trading on Thursday, hitting $63.40. The company’s stock had a trading volume of 1,694,087 shares, compared to its average volume of 1,678,227. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. Alaska Air Group, Inc. has a twelve month low of $57.28 and a twelve month high of $75.46. The firm has a market capitalization of $7.40 billion, a P/E ratio of 9.55, a PEG ratio of 1.37 and a beta of 0.84.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 4.37 EPS for the current fiscal year.
A number of brokerages recently commented on ALK. JPMorgan Chase & Co. upgraded shares of Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price objective on the stock in a report on Thursday. Imperial Capital dropped their price objective on shares of Alaska Air Group from $102.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Monday, December 31st. ValuEngine lowered shares of Alaska Air Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Finally, Buckingham Research raised their price objective on shares of Alaska Air Group from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, November 30th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and an average target price of $77.53.
In other news, EVP Andrew R. Harrison sold 930 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the sale, the executive vice president now directly owns 21,562 shares of the company’s stock, valued at approximately $1,348,703.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J Kenneth Thompson sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $73.12, for a total transaction of $182,800.00. Following the completion of the sale, the director now owns 36,353 shares of the company’s stock, valued at $2,658,131.36. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.
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About Alaska Air Group
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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