Nwam LLC Invests $214,000 in Alaska Air Group, Inc. (ALK) Stock
Nwam LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,911 shares of the transportation company’s stock, valued at approximately $214,000.
Other large investors have also recently bought and sold shares of the company. Exane Derivatives purchased a new stake in shares of Alaska Air Group in the 4th quarter valued at approximately $105,000. Mercer Capital Advisers Inc. purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $116,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Alaska Air Group by 55.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 888 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $200,000. Institutional investors own 87.18% of the company’s stock.
In other news, VP Christopher Michael Berry sold 460 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the transaction, the vice president now owns 1,997 shares in the company, valued at approximately $193,709. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the transaction, the executive vice president now owns 20,788 shares of the company’s stock, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Insiders have sold a total of 5,934 shares of company stock valued at $415,518 in the last quarter. 0.57% of the stock is currently owned by company insiders.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The firm’s revenue was up 28.7% on a year-over-year basis. equities analysts forecast that Alaska Air Group, Inc. will post 5.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, February 16th. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is 14.49%.
A number of research firms have recently issued reports on ALK. Imperial Capital reissued an “in-line” rating and issued a $66.00 price target (down from $70.00) on shares of Alaska Air Group in a research note on Thursday, February 1st. Buckingham Research reduced their price target on shares of Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. JPMorgan Chase & Co. downgraded shares of Alaska Air Group from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $65.48 to $67.00 in a research note on Tuesday, January 30th. Cowen reissued an “outperform” rating and issued a $84.00 price target (down from $93.00) on shares of Alaska Air Group in a research note on Friday, January 26th. Finally, Morgan Stanley reduced their price target on shares of Alaska Air Group from $86.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $87.68.
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About Alaska Air Group
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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