ING Groep NV lifted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 68.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,675 shares of the transportation company’s stock after buying an additional 4,350 shares during the period. ING Groep NV’s holdings in Alaska Air Group were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of ALK. Icon Advisers Inc. Co. purchased a new position in Alaska Air Group during the third quarter worth about $542,000. BDO Wealth Advisors LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $700,000. Wasatch Advisors Inc. purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $533,000. Renaissance Group LLC raised its stake in shares of Alaska Air Group by 5.0% in the 3rd quarter. Renaissance Group LLC now owns 379,119 shares of the transportation company’s stock valued at $28,915,000 after acquiring an additional 17,981 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $200,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.
In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at approximately $656,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $65.53, for a total transaction of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The firm’s quarterly revenue was up 35.4% compared to the same quarter last year. equities analysts forecast that Alaska Air Group, Inc. will post 6.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.26%.
A number of brokerages recently weighed in on ALK. ValuEngine upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Barclays restated a “buy” rating on shares of Alaska Air Group in a report on Thursday, September 14th. Morgan Stanley lowered their price target on shares of Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, August 17th. Cowen lowered their price target on shares of Alaska Air Group from $100.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. Finally, BidaskClub cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Alaska Air Group presently has an average rating of “Buy” and a consensus target price of $91.27.
Alaska Air Group Company Profile
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.
Receive News & Ratings for Alaska Air Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.