LS Investment Advisors LLC Increases Stake in Alaska Air Group (ALK)

LS Investment Advisors LLC grew its holdings in Alaska Air Group (NYSE:ALK) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,021 shares of the transportation company’s stock after buying an additional 1,238 shares during the quarter. LS Investment Advisors LLC’s holdings in Alaska Air Group were worth $311,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Exane Derivatives acquired a new stake in shares of Alaska Air Group in the fourth quarter valued at $105,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Alaska Air Group by 55.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after buying an additional 888 shares in the last quarter. ING Groep NV acquired a new stake in shares of Alaska Air Group in the first quarter valued at $205,000. Wetherby Asset Management Inc. acquired a new stake in shares of Alaska Air Group in the fourth quarter valued at $206,000. Finally, BerganKDV Wealth Management LLC acquired a new stake in shares of Alaska Air Group in the first quarter valued at $208,000. Institutional investors own 93.24% of the company’s stock.

Shares of ALK stock opened at $58.21 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.71 and a quick ratio of 0.69. The stock has a market capitalization of $7.17 billion, a P/E ratio of 10.18 and a beta of 0.75. Alaska Air Group has a 12 month low of $57.60 and a 12 month high of $95.75.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Monday, April 23rd. The transportation company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. Alaska Air Group had a return on equity of 20.43% and a net margin of 11.64%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. equities analysts anticipate that Alaska Air Group will post 5.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Tuesday, May 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, May 21st. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.28%.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,350 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $64.88, for a total transaction of $152,468.00. Following the transaction, the executive vice president now owns 24,092 shares in the company, valued at $1,563,088.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary L. Beck sold 6,360 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $65.10, for a total value of $414,036.00. Following the transaction, the chief executive officer now owns 3,316 shares in the company, valued at approximately $215,871.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,673 shares of company stock worth $708,819. Company insiders own 0.56% of the company’s stock.

A number of analysts have recently weighed in on ALK shares. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Morgan Stanley raised their target price on Alaska Air Group from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. Citigroup raised their target price on Alaska Air Group from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, April 16th. JPMorgan Chase lowered Alaska Air Group from a “neutral” rating to an “underweight” rating and raised their target price for the company from $65.48 to $67.00 in a research note on Tuesday, January 30th. Finally, UBS lowered Alaska Air Group from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Hold” and an average target price of $85.00.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 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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