Natixis Advisors L.P. lifted its position in Alaska Air Group, Inc. (NYSE:ALK) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,050 shares of the transportation company’s stock after buying an additional 9,169 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Alaska Air Group worth $4,505,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of ALK. We Are One Seven LLC acquired a new stake in shares of Alaska Air Group in the fourth quarter worth $34,000. North Star Investment Management Corp. acquired a new position in Alaska Air Group during the 4th quarter valued at $49,000. Enlightenment Research LLC acquired a new position in Alaska Air Group during the 4th quarter valued at $61,000. Legacy Financial Advisors Inc. raised its stake in Alaska Air Group by 134.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 723 shares during the last quarter. Finally, Bremer Trust National Association acquired a new position in Alaska Air Group during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 88.26% of the company’s stock.
Several research firms recently commented on ALK. ValuEngine cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet cut shares of Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Macquarie upgraded shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 target price for the company in a research note on Monday, January 28th. Imperial Capital reiterated an “outperform” rating and set a $90.00 target price (down from $93.00) on shares of Alaska Air Group in a research note on Monday, January 28th. Finally, Zacks Investment Research cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $76.97.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Analysts expect that Alaska Air Group, Inc. will post 6.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 19th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, February 15th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.32. Alaska Air Group’s payout ratio is 31.39%.
In other Alaska Air Group news, EVP Andrew R. Harrison sold 4,000 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $62.93, for a total value of $251,720.00. Following the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $1,394,969.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Michael Berry sold 750 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total transaction of $50,355.00. Following the completion of the sale, the vice president now directly owns 1,233 shares in the company, valued at approximately $82,783.62. The disclosure for this sale can be found here. Insiders sold a total of 8,776 shares of company stock worth $551,687 in the last three months. Insiders own 0.56% of the company’s stock.
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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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