Alaska Air Group, Inc. (ALK) Shares Sold by FDO Partners LLC

FDO Partners LLC trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 62.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,221 shares of the transportation company’s stock after selling 13,775 shares during the quarter. FDO Partners LLC’s holdings in Alaska Air Group were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Alaska Air Group by 2.3% during the second quarter. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company’s stock worth $1,061,794,000 after buying an additional 261,887 shares during the last quarter. Egerton Capital UK LLP grew its stake in Alaska Air Group by 51.6% during the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after buying an additional 1,524,149 shares during the last quarter. Franklin Resources Inc. grew its stake in Alaska Air Group by 4.6% during the second quarter. Franklin Resources Inc. now owns 3,348,411 shares of the transportation company’s stock worth $300,554,000 after buying an additional 148,061 shares during the last quarter. Principal Financial Group Inc. grew its stake in Alaska Air Group by 22.8% during the third quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the transportation company’s stock worth $115,218,000 after buying an additional 280,075 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Alaska Air Group by 10.8% during the second quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the transportation company’s stock worth $133,835,000 after buying an additional 145,328 shares during the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 540 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley set a $78.00 price target on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Thursday, November 16th. Raymond James Financial raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $85.00 to $80.00 in a research note on Wednesday, November 15th. UBS raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, J P Morgan Chase & Co cut shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Alaska Air Group has a consensus rating of “Buy” and a consensus price target of $91.27.

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at $66.91 on Monday. Alaska Air Group, Inc. has a 52 week low of $61.10 and a 52 week high of $101.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $8,232.93, a P/E ratio of 9.09 and a beta of 1.03.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business posted $2.20 earnings per share. Alaska Air Group’s revenue was up 35.4% compared to the same quarter last year. analysts anticipate that Alaska Air Group, Inc. will post 6.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Tuesday, November 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Alaska Air Group’s payout ratio is presently 19.26%.

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About Alaska Air Group

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

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