Raymond James Trust N.A. bought 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 Securities & Exchange Commission. The fund bought 3,092 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALK. Egerton Capital UK LLP raised its position in Alaska Air Group by 51.6% in the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock valued at $341,422,000 after purchasing an additional 1,524,149 shares during the period. Janus Henderson Group PLC purchased a new stake in Alaska Air Group in the second quarter valued at approximately $57,891,000. Ardevora Asset Management LLP purchased a new stake in Alaska Air Group in the third quarter valued at approximately $33,124,000. Lateef Investment Management L.P. purchased a new stake in Alaska Air Group in the third quarter valued at approximately $24,256,000. Finally, Victory Capital Management Inc. raised its position in Alaska Air Group by 67.2% in the third quarter. Victory Capital Management Inc. now owns 783,102 shares of the transportation company’s stock valued at $59,728,000 after purchasing an additional 314,673 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Alaska Air Group, Inc. (ALK) opened at $64.72 on Friday. The company has a market cap of $7,880.83, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 3.30 and a beta of 0.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.78. Alaska Air Group, Inc. has a 12 month low of $59.25 and a 12 month high of $101.43.

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 Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. sell-side analysts forecast that Alaska Air Group, Inc. will post 5.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is presently 14.49%.

A number of analysts have issued reports on the company. Barclays cut their target price on Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Morgan Stanley dropped their price target on shares of Alaska Air Group from $86.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Deutsche Bank dropped their price target on shares of Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus dropped their price target on shares of Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Cowen restated an “outperform” rating and issued a $84.00 price target (down previously from $93.00) on shares of Alaska Air Group in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $87.68.

In related news, EVP Andrew R. Harrison sold 540 shares of the business’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 in the company, valued at $1,362,237.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David L. Campbell sold 4,934 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the transaction, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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Alaska Air Group Company 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.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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