IFP Advisors Inc cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 54.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,407 shares of the transportation company’s stock after selling 1,691 shares during the period. IFP Advisors Inc’s holdings in Alaska Air Group were worth $103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sentry Investment Management LLC increased its stake in shares of Alaska Air Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock valued at $819,000 after buying an additional 98 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Alaska Air Group by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,670 shares of the transportation company’s stock valued at $419,000 after buying an additional 140 shares during the period. Afam Capital Inc. increased its stake in shares of Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock valued at $1,084,000 after buying an additional 164 shares during the period. Hennessy Advisors Inc. increased its stake in shares of Alaska Air Group by 4.0% during the third quarter. Hennessy Advisors Inc. now owns 20,800 shares of the transportation company’s stock valued at $1,586,000 after buying an additional 800 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Alaska Air Group by 9.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,046 shares of the transportation company’s stock valued at $766,000 after purchasing an additional 863 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Morgan Stanley set a $78.00 price target on Alaska Air Group and gave the company a “buy” rating in a research report on Thursday, November 16th. JPMorgan Chase & Co. lowered Alaska Air Group from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $65.48 to $67.00 in a research report on Tuesday, January 30th. Imperial Capital dropped their price target on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday, October 26th. ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Bank of America lowered Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $87.68.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $64.72 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a 1-year low of $59.25 and a 1-year high of $101.43. The company has a market capitalization of $7,964.51, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. sell-side analysts anticipate that Alaska Air Group, Inc. will post 5.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.98%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 16th. Alaska Air Group’s payout ratio is 14.49%.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at $656,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the completion of the sale, the executive vice president now directly owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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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.

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

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