Egerton Capital UK LLP trimmed its stake in Alaska Air Group, Inc. (NYSE:ALK) by 13.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,895,027 shares of the transportation company’s stock after selling 581,467 shares during the quarter. Alaska Air Group accounts for approximately 2.5% of Egerton Capital UK LLP’s holdings, making the stock its 19th biggest holding. Egerton Capital UK LLP’s holdings in Alaska Air Group were worth $286,323,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the business. Nwam LLC bought a new stake in Alaska Air Group in the fourth quarter valued at $214,000. Boston Common Asset Management LLC lifted its stake in Alaska Air Group by 42.4% in the fourth quarter. Boston Common Asset Management LLC now owns 13,503 shares of the transportation company’s stock valued at $993,000 after buying an additional 4,023 shares during the last quarter. AGF Investments Inc. lifted its stake in Alaska Air Group by 3.1% in the fourth quarter. AGF Investments Inc. now owns 847,813 shares of the transportation company’s stock valued at $62,323,000 after buying an additional 25,370 shares during the last quarter. Wealth Advisors of Tampa Bay LLC bought a new stake in Alaska Air Group in the fourth quarter valued at $659,000. Finally, Harbor Advisors LLC bought a new stake in Alaska Air Group in the fourth quarter valued at $221,000. Institutional investors own 87.18% of the company’s stock.
ALK has been the topic of a number of recent research reports. UBS Group upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Raymond James Financial raised Alaska Air Group from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $85.00 to $80.00 in a report on Wednesday, November 15th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. 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 report on Tuesday, January 9th. Finally, ValuEngine raised Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $87.68.
Alaska Air Group, Inc. (NYSE ALK) opened at $66.01 on Tuesday. The company has a market capitalization of $8,120.00, a price-to-earnings ratio of 7.96, a PEG ratio of 3.33 and a beta of 0.85. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $101.43.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. sell-side analysts predict that Alaska Air Group, Inc. will post 5.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.32 per share. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, February 16th. Alaska Air Group’s payout ratio is presently 14.48%.
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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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