Commerzbank Aktiengesellschaft FI lessened its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 26.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,182 shares of the transportation company’s stock after selling 9,495 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Alaska Air Group were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Camarda Financial Advisors LLC bought a new stake in Alaska Air Group during the 2nd quarter worth approximately $101,000. Mount Yale Investment Advisors LLC bought a new stake in Alaska Air Group during the 1st quarter worth approximately $105,000. Asset Management One Co. Ltd. increased its holdings in Alaska Air Group by 307.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,178 shares of the transportation company’s stock worth $135,000 after acquiring an additional 1,644 shares during the period. BDO Wealth Advisors LLC increased its holdings in Alaska Air Group by 485.0% during the 1st quarter. BDO Wealth Advisors LLC now owns 3,071 shares of the transportation company’s stock worth $190,000 after acquiring an additional 2,546 shares during the period. Finally, Jolley Asset Management LLC increased its holdings in Alaska Air Group by 753.3% during the 2nd quarter. Jolley Asset Management LLC now owns 3,200 shares of the transportation company’s stock worth $193,000 after acquiring an additional 2,825 shares during the period. 88.82% of the stock is currently owned by institutional investors and hedge funds.
ALK stock opened at $67.04 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.71. Alaska Air Group, Inc. has a one year low of $57.53 and a one year high of $82.68. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 2.39 and a beta of 0.57.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. Alaska Air Group had a net margin of 10.28% and a return on equity of 16.99%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts forecast that Alaska Air Group, Inc. will post 4.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Tuesday, August 21st were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $1.28 dividend on an annualized basis and a yield of 1.91%. Alaska Air Group’s dividend payout ratio is presently 19.28%.
A number of analysts recently weighed in on ALK shares. Buckingham Research decreased their target price on shares of Alaska Air Group from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Stifel Nicolaus decreased their target price on shares of Alaska Air Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Barclays decreased their target price on shares of Alaska Air Group from $80.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, July 16th. ValuEngine raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Finally, Imperial Capital cut their price target on shares of Alaska Air Group from $65.00 to $62.00 and set an “inline” rating for the company in a research note on Wednesday, June 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $78.77.
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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