Natixis Advisors L.P. reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,804 shares of the transportation company’s stock after selling 262 shares during the period. Natixis Advisors L.P.’s holdings in Alaska Air Group were worth $3,984,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. CWM LLC lifted its holdings in Alaska Air Group by 150.3% during the 4th quarter. CWM LLC now owns 378 shares of the transportation company’s stock valued at $26,000 after buying an additional 227 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in Alaska Air Group during the 4th quarter valued at about $27,000. Prime Capital Investment Advisors LLC bought a new stake in Alaska Air Group during the 3rd quarter valued at about $29,000. BBVA USA Bancshares Inc. bought a new stake in Alaska Air Group during the 4th quarter valued at about $30,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Alaska Air Group by 52.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 475 shares of the transportation company’s stock valued at $32,000 after buying an additional 164 shares in the last quarter. 97.80% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ALK traded down $2.50 during trading hours on Friday, hitting $50.46. The company’s stock had a trading volume of 351,002 shares, compared to its average volume of 1,241,484. Alaska Air Group, Inc. has a 52 week low of $52.91 and a 52 week high of $72.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.64 and a quick ratio of 0.61. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.34 and a beta of 0.88. The firm’s fifty day moving average price is $65.02 and its 200 day moving average price is $65.92.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Alaska Air Group had a net margin of 8.76% and a return on equity of 19.58%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Alaska Air Group, Inc. will post 7.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 18th will be given a $0.375 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.97%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.35. Alaska Air Group’s payout ratio is presently 23.36%.
A number of brokerages recently weighed in on ALK. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price objective (up previously from $76.00) on shares of Alaska Air Group in a report on Monday, November 11th. Susquehanna Bancshares began coverage on shares of Alaska Air Group in a report on Tuesday, November 19th. They set a “neutral” rating and a $67.00 price objective for the company. Deutsche Bank lowered shares of Alaska Air Group from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Thursday. ValuEngine lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of Alaska Air Group in a report on Tuesday, November 12th. They set a “neutral” rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $71.00.
Alaska Air Group Profile
Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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