SG Americas Securities LLC Boosts Stake in Alaska Air Group, Inc. (ALK)

SG Americas Securities LLC lifted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 102.3% in the third quarter, Holdings Channel reports. The institutional investor owned 47,522 shares of the transportation company’s stock after buying an additional 24,030 shares during the quarter. SG Americas Securities LLC’s holdings in Alaska Air Group were worth $3,272,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vident Investment Advisory LLC lifted its stake in shares of Alaska Air Group by 23.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 4,699 shares of the transportation company’s stock worth $284,000 after buying an additional 879 shares during the last quarter. BancorpSouth Bank raised its stake in Alaska Air Group by 12.5% in the 2nd quarter. BancorpSouth Bank now owns 7,989 shares of the transportation company’s stock worth $482,000 after purchasing an additional 885 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Alaska Air Group by 38.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after purchasing an additional 900 shares in the last quarter. Mitchell Capital Management Co. raised its stake in Alaska Air Group by 14.5% in the 2nd quarter. Mitchell Capital Management Co. now owns 7,214 shares of the transportation company’s stock worth $436,000 after purchasing an additional 916 shares in the last quarter. Finally, HL Financial Services LLC raised its stake in Alaska Air Group by 18.7% in the 2nd quarter. HL Financial Services LLC now owns 6,937 shares of the transportation company’s stock worth $419,000 after purchasing an additional 1,091 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Several analysts have weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Alaska Air Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Morgan Stanley lifted their price objective on shares of Alaska Air Group from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 14th. Goldman Sachs Group assumed coverage on shares of Alaska Air Group in a research note on Monday, November 12th. They issued a “buy” rating and a $81.00 price objective for the company. Barclays lifted their price objective on shares of Alaska Air Group from $68.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 15th. Finally, Wolfe Research cut shares of Alaska Air Group from an “outperform” rating to a “hold” rating in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.00.

Shares of NYSE:ALK opened at $69.41 on Friday. The company has a market capitalization of $8.45 billion, a PE ratio of 10.45, a PEG ratio of 5.13 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Alaska Air Group, Inc. has a 12 month low of $57.53 and a 12 month high of $76.06.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, October 25th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. As a group, research analysts expect that Alaska Air Group, Inc. will post 4.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Tuesday, November 20th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, November 19th. Alaska Air Group’s payout ratio is presently 19.28%.

In other news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $66.81, for a total value of $200,430.00. Following the completion of the transaction, the executive vice president now directly owns 8,238 shares in the company, valued at approximately $550,380.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 930 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the transaction, the executive vice president now owns 21,562 shares of the company’s stock, valued at $1,348,703.10. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

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Alaska Air Group Profile

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

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