Lateef Investment Management L.P. boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 329,141 shares of the transportation company’s stock after purchasing an additional 11,110 shares during the quarter. Alaska Air Group makes up 2.3% of Lateef Investment Management L.P.’s portfolio, making the stock its 20th biggest holding. Lateef Investment Management L.P. owned 0.27% of Alaska Air Group worth $24,195,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exane Derivatives purchased a new stake in Alaska Air Group during the fourth quarter worth $105,000. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group during the third quarter worth $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Alaska Air Group by 55.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock worth $186,000 after purchasing an additional 888 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Alaska Air Group during the third quarter worth $200,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Alaska Air Group during the fourth quarter worth $206,000. Institutional investors own 86.42% of the company’s stock.
A number of analysts have commented on ALK shares. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Buckingham Research decreased their target price on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price (down from $115.00) on shares of Alaska Air Group in a research report on Wednesday, January 10th. Standpoint Research started coverage on Alaska Air Group in a research report on Monday, December 18th. They set a “buy” rating and a $90.00 target price on the stock. Finally, Raymond James Financial upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $85.00 to $80.00 in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $87.53.
Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $64.91 on Monday. 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, Inc. has a 12-month low of $59.25 and a 12-month high of $98.30. The stock has a market capitalization of $7,970.18, a price-to-earnings ratio of 7.83, a PEG ratio of 3.33 and a beta of 0.84.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $1.56 earnings per share. The business’s revenue was up 28.7% on a year-over-year basis. sell-side analysts anticipate that Alaska Air Group, Inc. will post 5.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were given a $0.32 dividend. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, February 16th. Alaska Air Group’s dividend payout ratio is currently 15.46%.
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Alaska Air Group 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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