Mandatum Life Insurance Co Ltd maintained its position in Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,169 shares of the company’s stock at the end of the fourth quarter. Mandatum Life Insurance Co Ltd’s holdings in Alaska Air Group were worth $3,209,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Cypress Capital Management LLC WY acquired a new position in Alaska Air Group during the second quarter valued at approximately $462,000. Sequoia Financial Advisors LLC increased its position in Alaska Air Group by 10.3% in the second quarter. Sequoia Financial Advisors LLC now owns 33,919 shares of the company’s stock valued at $1,977,000 after buying an additional 3,176 shares during the last quarter. Nordea Investment Management AB increased its position in Alaska Air Group by 178.0% in the second quarter. Nordea Investment Management AB now owns 34,200 shares of the company’s stock valued at $1,994,000 after buying an additional 21,900 shares during the last quarter. BB&T Corp increased its position in Alaska Air Group by 123.9% in the second quarter. BB&T Corp now owns 114,860 shares of the company’s stock valued at $6,696,000 after buying an additional 63,550 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its position in Alaska Air Group by 0.9% in the second quarter. Anchor Capital Advisors LLC now owns 13,636 shares of the company’s stock valued at $795,000 after buying an additional 121 shares during the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
Alaska Air Group, Inc. (NYSE:ALK) traded up 0.69% on Monday, hitting $98.02. 1,077,272 shares of the stock were exchanged. The company has a market capitalization of $12.09 billion, a PE ratio of 14.99 and a beta of 0.80. The company has a 50-day moving average price of $92.66 and a 200 day moving average price of $77.58. Alaska Air Group, Inc. has a 1-year low of $54.51 and a 1-year high of $98.89.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.16. Alaska Air Group had a net margin of 13.72% and a return on equity of 33.50%. The company earned $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Alaska Air Group’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts anticipate that Alaska Air Group, Inc. will post $7.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Tuesday, February 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.22%. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, February 16th. Alaska Air Group’s dividend payout ratio (DPR) is presently 16.79%.
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Several brokerages have recently issued reports on ALK. Imperial Capital raised their price target on Alaska Air Group from $84.00 to $101.00 and gave the company an “in-line” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $105.00 price target on shares of Alaska Air Group in a research report on Thursday. Cowen and Company lowered their price target on Alaska Air Group from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Thursday. Zacks Investment Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Monday, January 16th. Finally, Vetr raised Alaska Air Group from a “sell” rating to a “hold” rating and set a $90.70 price target on the stock in a research report on Monday, January 16th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.01.
In other Alaska Air Group news, Director J Kenneth Thompson sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $89.23, for a total value of $178,460.00. Following the completion of the sale, the director now directly owns 21,344 shares in the company, valued at $1,904,525.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Benito Minicucci sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $95.00, for a total transaction of $475,000.00. Following the completion of the sale, the chief operating officer now owns 19,130 shares of the company’s stock, valued at $1,817,350. The disclosure for this sale can be found here. Insiders sold 32,388 shares of company stock valued at $2,876,513 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.
About Alaska Air Group
Alaska Air Group, Inc is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.
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