IFP Advisors Inc Grows Holdings in Alaska Air Group, Inc. (ALK)

IFP Advisors Inc raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 98.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,758 shares of the transportation company’s stock after acquiring an additional 1,366 shares during the period. IFP Advisors Inc’s holdings in Alaska Air Group were worth $190,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALK. Vident Investment Advisory LLC increased its position 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 purchasing an additional 879 shares during the last quarter. BancorpSouth Bank increased its position in shares of Alaska Air Group by 12.5% during 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 during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Alaska Air Group by 38.5% during 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 during the last quarter. Mitchell Capital Management Co. increased its position in shares of Alaska Air Group by 14.5% during 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 during the last quarter. Finally, HL Financial Services LLC increased its position in shares of Alaska Air Group by 18.7% during 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 during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

NYSE:ALK opened at $65.97 on Friday. The firm has a market cap of $8.16 billion, a PE ratio of 9.94, a P/E/G ratio of 4.95 and a beta of 0.60. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Alaska Air Group, Inc. has a fifty-two week low of $57.53 and a fifty-two week high of $76.06.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Tuesday, November 20th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 1.94%. Alaska Air Group’s dividend payout ratio is currently 19.28%.

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

Several research firms have weighed in on ALK. Buckingham Research lowered their price target on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday, September 24th. TheStreet raised Alaska Air Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 19th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Imperial Capital raised Alaska Air Group from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $62.00 to $95.00 in a report on Thursday, September 27th. Finally, Morgan Stanley set a $72.00 target price on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $76.69.

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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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