Candriam Luxembourg S.C.A. acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,113 shares of the company’s stock, valued at approximately $6,659,000. Candriam Luxembourg S.C.A. owned approximately 0.08% of Alaska Air Group as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $121,000 after buying an additional 1,233 shares in the last quarter. SRB Corp raised its stake in shares of Alaska Air Group by 8.4% in the third quarter. SRB Corp now owns 2,301 shares of the company’s stock worth $152,000 after buying an additional 179 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Alaska Air Group during the third quarter worth $165,000. Toronto Dominion Bank purchased a new stake in shares of Alaska Air Group during the third quarter worth $167,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Alaska Air Group by 30.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the company’s stock worth $171,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.
Shares of Alaska Air Group, Inc. (NYSE:ALK) traded up 3.29% during mid-day trading on Wednesday, reaching $97.20. The company’s stock had a trading volume of 2,683,620 shares. The company has a 50-day moving average of $92.19 and a 200-day moving average of $77.20. The company has a market cap of $11.98 billion, a P/E ratio of 13.63 and a beta of 0.80. Alaska Air Group, Inc. has a 12 month low of $54.51 and a 12 month high of $98.80.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. Alaska Air Group had a net margin of 15.40% and a return on equity of 34.91%. The firm earned $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts forecast that Alaska Air Group, Inc. will post $7.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Tuesday, February 21st will be given a dividend of $0.30 per share. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. Alaska Air Group’s payout ratio is presently 15.41%.
Several research analysts have commented on the company. Bank of America Corporation raised Alaska Air Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $97.00 to $110.00 in a report on Tuesday, January 10th. Imperial Capital lifted their target price on Alaska Air Group from $74.00 to $84.00 and gave the stock an “in-line” rating in a report on Friday, October 21st. Citigroup Inc. assumed coverage on Alaska Air Group in a report on Friday, November 18th. They set a “neutral” rating and a $81.00 target price on the stock. Vetr downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating and set a $75.50 target price on the stock. in a report on Wednesday, December 7th. Finally, Zacks Investment Research downgraded Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $90.37.
In related news, Director J Kenneth Thompson sold 2,000 shares of Alaska Air Group stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $89.23, for a total transaction of $178,460.00. Following the transaction, the director now owns 21,344 shares in the company, valued at approximately $1,904,525.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph A. Sprague sold 6,667 shares of Alaska Air Group stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $75.00, for a total transaction of $500,025.00. Following the transaction, the senior vice president now owns 6,620 shares in the company, valued at approximately $496,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,055 shares of company stock valued at $3,376,538. Insiders own 0.68% of the company’s stock.
About Alaska Air Group
Alaska Air Group, Inc is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.
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