Creative Planning raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,763 shares of the transportation company’s stock after buying an additional 1,434 shares during the period. Creative Planning’s holdings in Alaska Air Group were worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALK. We Are One Seven LLC acquired a new stake in Alaska Air Group in the fourth quarter valued at $34,000. North Star Investment Management Corp. acquired a new stake in Alaska Air Group in the fourth quarter valued at $49,000. Legacy Financial Advisors Inc. raised its stake in Alaska Air Group by 134.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,261 shares of the transportation company’s stock valued at $77,000 after buying an additional 723 shares in the last quarter. Dupont Capital Management Corp raised its stake in Alaska Air Group by 14.9% in the fourth quarter. Dupont Capital Management Corp now owns 1,667 shares of the transportation company’s stock valued at $101,000 after buying an additional 216 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Alaska Air Group by 2,553.0% in the fourth quarter. First Hawaiian Bank now owns 2,202 shares of the transportation company’s stock valued at $134,000 after buying an additional 2,119 shares in the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.
A number of research firms have weighed in on ALK. Vertical Research began coverage on Alaska Air Group in a research note on Monday, February 4th. They issued a “hold” rating on the stock. Macquarie upgraded Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 price target on the stock in a research note on Monday, January 28th. Imperial Capital restated an “outperform” rating and issued a $90.00 price target (down from $93.00) on shares of Alaska Air Group in a research note on Monday, January 28th. TheStreet cut Alaska Air Group from a “b-” rating to a “c” rating in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. upgraded Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 price target on the stock in a research note on Thursday, January 10th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of “Buy” and an average target price of $77.50.
ALK opened at $66.30 on Tuesday. 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, Inc. has a one year low of $57.28 and a one year high of $74.83. The stock has a market cap of $8.05 billion, a PE ratio of 14.87, a PEG ratio of 1.74 and a beta of 0.88.
Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 24th. The transportation company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.02. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 6.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Tuesday, February 19th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.32. Alaska Air Group’s payout ratio is 28.70%.
Alaska Air Group Company 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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