BT Investment Management Ltd Has $1.46 Million Stake in Alaska Air Group, Inc. (ALK)
BT Investment Management Ltd lifted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 172.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,201 shares of the transportation company’s stock after buying an additional 12,158 shares during the period. BT Investment Management Ltd’s holdings in Alaska Air Group were worth $1,464,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mercer Capital Advisers Inc. purchased a new position in Alaska Air Group in the third quarter valued at about $116,000. Mountain Capital Investment Advisors Inc purchased a new position in Alaska Air Group in the second quarter valued at about $122,000. Bessemer Group Inc. boosted its holdings in Alaska Air Group by 57.9% in the second quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 695 shares during the last quarter. Rehmann Capital Advisory Group purchased a new position in Alaska Air Group in the second quarter valued at about $201,000. Finally, Tocqueville Asset Management L.P. purchased a new position in Alaska Air Group in the third quarter valued at about $207,000. 88.27% of the stock is owned by institutional investors.
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Alaska Air Group, Inc. (ALK) opened at $62.20 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market capitalization of $7,867.49, a price-to-earnings ratio of 8.69 and a beta of 1.01. Alaska Air Group, Inc. has a one year low of $62.26 and a one year high of $101.43.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.02). The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business’s revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share. equities research analysts predict that Alaska Air Group, Inc. will post 6.8 earnings per share for the current year.
The business also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s dividend payout ratio is presently 19.26%.
Several brokerages have issued reports on ALK. Morgan Stanley cut their price objective on Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, July 17th. BidaskClub cut Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Bank of America Corporation cut their price objective on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Finally, Cowen and Company cut their price objective on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $92.34.
Alaska Air Group 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.
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