Alaska Air Group, Inc. (ALK) Shares Bought by Stephens Inc. AR

Stephens Inc. AR increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,786 shares of the transportation company’s stock after purchasing an additional 192 shares during the period. Stephens Inc. AR’s holdings in Alaska Air Group were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALK. Vanguard Group Inc raised its holdings in Alaska Air Group by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 12,380,127 shares of the transportation company’s stock valued at $852,494,000 after acquiring an additional 130,958 shares during the last quarter. BlackRock Inc. raised its holdings in Alaska Air Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 7,031,099 shares of the transportation company’s stock valued at $427,843,000 after acquiring an additional 113,985 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Alaska Air Group by 21.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock valued at $175,468,000 after acquiring an additional 503,977 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Alaska Air Group by 34.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,257,103 shares of the transportation company’s stock valued at $126,669,000 after acquiring an additional 579,823 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Alaska Air Group by 1,307.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,947,067 shares of the transportation company’s stock valued at $109,269,000 after acquiring an additional 1,808,754 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

Shares of NYSE ALK traded down $1.75 during midday trading on Wednesday, reaching $60.87. 13,841 shares of the stock were exchanged, compared to its average volume of 1,571,179. The company has a market capitalization of $7.55 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.76 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.59 and a quick ratio of 0.57. Alaska Air Group, Inc. has a twelve month low of $53.39 and a twelve month high of $74.83.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.04. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Alaska Air Group had a net margin of 5.26% and a return on equity of 14.97%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. As a group, research analysts expect that Alaska Air Group, Inc. will post 5.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, May 21st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.30%. Alaska Air Group’s payout ratio is currently 31.39%.

A number of research firms have commented on ALK. Zacks Investment Research downgraded shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 16th. Bank of America reiterated a “neutral” rating and issued a $62.00 price objective (down previously from $70.00) on shares of Alaska Air Group in a report on Thursday, April 4th. Morgan Stanley increased their price objective on shares of Alaska Air Group from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Monday. Credit Suisse Group set a $76.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Alaska Air Group in a report on Monday, January 28th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $76.43.

In related news, EVP Andrew R. Harrison sold 4,700 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $62.63, for a total transaction of $294,361.00. Following the completion of the transaction, the executive vice president now owns 15,867 shares of the company’s stock, valued at approximately $993,750.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon Pedersen sold 4,026 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the transaction, the vice president now directly owns 26,524 shares of the company’s stock, valued at approximately $1,644,488. The disclosure for this sale can be found here. Insiders have sold a total of 14,326 shares of company stock valued at $894,141 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

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Alaska Air Group Company 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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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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