Aperio Group LLC raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 8.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 53,209 shares of the transportation company’s stock after buying an additional 4,259 shares during the period. Aperio Group LLC’s holdings in Alaska Air Group were worth $4,776,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ALK. Twin Tree Management LP acquired a new stake in Alaska Air Group during the first quarter worth approximately $179,000. Assetmark Inc. boosted its stake in Alaska Air Group by 70.3% in the first quarter. Assetmark Inc. now owns 2,027 shares of the transportation company’s stock worth $187,000 after buying an additional 837 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in Alaska Air Group during the first quarter worth approximately $218,000. Private Advisor Group LLC acquired a new stake in Alaska Air Group during the first quarter worth approximately $216,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Alaska Air Group by 657.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,470 shares of the transportation company’s stock worth $228,000 after buying an additional 2,144 shares in the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.
Alaska Air Group, Inc. (NYSE ALK) opened at 78.45 on Friday. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 12.76 and a beta of 0.95. Alaska Air Group, Inc. has a 12 month low of $64.19 and a 12 month high of $101.43. The firm’s 50 day moving average price is $87.74 and its 200 day moving average price is $90.13.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.12 EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post $7.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. Alaska Air Group’s payout ratio is 19.48%.
A number of equities research analysts have commented on the company. Morgan Stanley decreased their price target on Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday. BidaskClub lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $145.00 price objective on shares of Alaska Air Group in a research report on Friday, May 26th. Zacks Investment Research lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Cowen and Company restated an “outperform” rating and set a $103.00 price objective on shares of Alaska Air Group in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $104.86.
In other Alaska Air Group news, SVP Joseph A. Sprague sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $90.85, for a total transaction of $635,950.00. Following the transaction, the senior vice president now directly owns 7,191 shares of the company’s stock, valued at approximately $653,302.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 2,350 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total transaction of $202,170.50. Following the transaction, the executive vice president now directly owns 21,328 shares in the company, valued at $1,834,847.84. The disclosure for this sale can be found here. Insiders sold a total of 23,850 shares of company stock worth $2,149,881 over the last 90 days. Company insiders own 0.57% of the company’s stock.
Alaska Air Group Company 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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