BB&T Securities LLC lowered its position in Alaska Air Group, Inc. (NYSE:ALK) by 14.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,879 shares of the transportation company’s stock after selling 635 shares during the period. BB&T Securities LLC’s holdings in Alaska Air Group were worth $357,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ALK. Breton Hill Capital Ltd. bought a new stake in Alaska Air Group during the first quarter worth approximately $267,000. Norges Bank purchased a new position in Alaska Air Group during the fourth quarter valued at $41,906,000. Oxford Asset Management purchased a new position in Alaska Air Group during the first quarter valued at $3,425,000. Schroder Investment Management Group increased its position in shares of Alaska Air Group by 84.1% in the first quarter. Schroder Investment Management Group now owns 547,645 shares of the transportation company’s stock valued at $51,292,000 after buying an additional 250,245 shares in the last quarter. Finally, Cipher Capital LP increased its position in shares of Alaska Air Group by 20.1% in the fourth quarter. Cipher Capital LP now owns 25,816 shares of the transportation company’s stock valued at $2,291,000 after buying an additional 4,320 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.
Alaska Air Group, Inc. (NYSE:ALK) traded down 0.97% during mid-day trading on Tuesday, hitting $89.89. The stock had a trading volume of 318,855 shares. The stock has a market cap of $11.11 billion, a P/E ratio of 15.31 and a beta of 0.96. Alaska Air Group, Inc. has a 52-week low of $54.51 and a 52-week high of $101.43. The firm has a 50-day moving average of $86.59 and a 200-day moving average of $90.78.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, April 26th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. Alaska Air Group had a return on equity of 30.01% and a net margin of 11.51%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, analysts forecast that Alaska Air Group, Inc. will post $8.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Tuesday, May 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, May 19th. Alaska Air Group’s dividend payout ratio is currently 20.41%.
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Several research analysts have commented on ALK shares. Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price on shares of Alaska Air Group in a research note on Friday, May 26th. J P Morgan Chase & Co set a $116.00 target price on Alaska Air Group and gave the company a “buy” rating in a research note on Saturday, April 1st. Zacks Investment Research lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Imperial Capital restated an “in-line” rating on shares of Alaska Air Group in a research report on Monday, March 20th. Finally, Cowen and Company restated a “market perform” rating and set a $100.00 price target on shares of Alaska Air Group in a research report on Tuesday, March 28th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $105.04.
In related news, Chairman Bradley D. Tilden sold 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $84.63, for a total value of $397,761.00. Following the sale, the chairman now directly owns 148,646 shares in the company, valued at $12,579,910.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph A. Sprague sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $90.85, for a total value of $635,950.00. Following the completion of the sale, the senior vice president now owns 7,191 shares in the company, valued at $653,302.35. The disclosure for this sale can be found here. Insiders sold 23,800 shares of company stock valued at $2,118,591 in the last ninety days. 0.57% of the stock is currently owned by insiders.
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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