Koch Industries Inc. Purchases New Position in Alaska Air Group, Inc. (ALK)
Koch Industries Inc. purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,402 shares of the transportation company’s stock, valued at approximately $324,000.
Other hedge funds have also recently made changes to their positions in the company. Exane Derivatives purchased a new position in Alaska Air Group in the 4th quarter valued at $105,000. Bank of Nova Scotia Trust Co. purchased a new position in Alaska Air Group in the 3rd quarter valued at $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in 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 purchasing an additional 888 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Alaska Air Group in the 3rd quarter valued at $200,000. Finally, Wetherby Asset Management Inc. purchased a new position in Alaska Air Group in the 4th quarter valued at $206,000. Institutional investors own 86.42% of the company’s stock.
A number of research analysts have weighed in on the company. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the company a “buy” rating in a report on Friday, February 23rd. UBS Group lowered Alaska Air Group from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Imperial Capital restated an “in-line” rating and issued a $66.00 price objective (down previously from $70.00) on shares of Alaska Air Group in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered Alaska Air Group from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $65.48 to $67.00 in a report on Tuesday, January 30th. Finally, Buckingham Research decreased their price objective on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Alaska Air Group has a consensus rating of “Buy” and a consensus target price of $87.53.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. Alaska Air Group’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. equities analysts predict that Alaska Air Group, Inc. will post 5.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Tuesday, February 20th were issued a $0.32 dividend. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 16th. Alaska Air Group’s payout ratio is 15.46%.
In other Alaska Air Group news, VP Christopher Michael Berry sold 460 shares of Alaska Air Group stock in a transaction dated Wednesday, February 21st. The stock was 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 directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brandon Pedersen sold 2,700 shares of Alaska Air Group stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $65.14, for a total value of $175,878.00. Following the completion of the transaction, the vice president now directly owns 26,888 shares of the company’s stock, valued at $1,751,484.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,373 shares of company stock worth $884,697. 0.57% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding ALK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Air Group, Inc. (NYSE:ALK).
Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.