Alaska Air Group, Inc. (ALK) Stake Raised by Benjamin F. Edwards & Company Inc.

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Benjamin F. Edwards & Company Inc. increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 13.5% during the 4th quarter, HoldingsChannel reports. The fund owned 4,294 shares of the transportation company’s stock after acquiring an additional 510 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Alaska Air Group were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in Alaska Air Group by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 22,600 shares of the transportation company’s stock worth $1,375,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Alaska Air Group by 1.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,713 shares of the transportation company’s stock worth $1,078,000 after acquiring an additional 200 shares in the last quarter. Auxier Asset Management boosted its stake in Alaska Air Group by 2.4% during the third quarter. Auxier Asset Management now owns 12,815 shares of the transportation company’s stock worth $882,000 after acquiring an additional 300 shares in the last quarter. Sigma Planning Corp boosted its stake in Alaska Air Group by 10.7% during the fourth quarter. Sigma Planning Corp now owns 3,787 shares of the transportation company’s stock worth $230,000 after acquiring an additional 367 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in Alaska Air Group by 1.1% during the fourth quarter. Sit Investment Associates Inc. now owns 43,460 shares of the transportation company’s stock worth $2,645,000 after acquiring an additional 475 shares in the last quarter. 92.93% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Imperial Capital reissued an “outperform” rating and set a $90.00 target price on shares of Alaska Air Group in a research note on Tuesday, January 15th. TheStreet lowered shares of Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Macquarie raised shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 target price on the stock in a research note on Monday, January 28th. Zacks Investment Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, December 11th. Finally, Morgan Stanley increased their target price 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. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $77.50.

Alaska Air Group stock opened at $65.27 on Friday. Alaska Air Group, Inc. has a 1-year low of $57.28 and a 1-year high of $74.83. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.61.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Alaska Air Group, Inc. will post 6.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Tuesday, February 19th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 15th. Alaska Air Group’s dividend payout ratio (DPR) is 28.70%.

In other Alaska Air Group news, Director J Kenneth Thompson sold 2,500 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $73.12, for a total value of $182,800.00. Following the transaction, the director now directly owns 36,353 shares of the company’s stock, valued at $2,658,131.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

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About Alaska Air Group

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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