United Services Automobile Association lifted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 392.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,195 shares of the transportation company’s stock after acquiring an additional 150,000 shares during the period. United Services Automobile Association owned 0.15% of Alaska Air Group worth $12,959,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Centaurus Financial Inc. purchased a new position in shares of Alaska Air Group during the second quarter worth approximately $118,000. IFP Advisors Inc lifted 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 purchasing an additional 1,366 shares during the period. Regentatlantic Capital LLC acquired a new stake in shares of Alaska Air Group during the third quarter worth $205,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Alaska Air Group during the third quarter worth $209,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Alaska Air Group by 38.5% during the second quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 93.00% of the company’s stock.
In other Alaska Air Group news, Director J Kenneth Thompson sold 2,500 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $73.12, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 930 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the completion of 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 disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
Alaska Air Group stock opened at $64.94 on Friday. Alaska Air Group, Inc. has a one year low of $57.53 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.69. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.61.
Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 25th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. On average, analysts predict that Alaska Air Group, Inc. will post 4.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Shareholders of record on Tuesday, November 20th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, November 19th. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.28%.
ALK has been the subject of several recent research reports. Goldman Sachs Group raised Alaska Air Group from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, November 28th. Imperial Capital raised Alaska Air Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $62.00 to $95.00 in a report on Thursday, September 27th. Buckingham Research decreased their price target on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a report on Monday, September 24th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Wolfe Research downgraded Alaska Air Group from an “outperform” rating to a “hold” rating in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.07.
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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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