Hourglass Capital LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, HoldingsChannel reports. The firm bought 2,954 shares of the transportation company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently modified their holdings of ALK. Exane Derivatives purchased a new stake in Alaska Air Group during the 4th quarter valued at about $105,000. Mercer Capital Advisers Inc. purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $116,000. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Alaska Air Group by 55.3% during 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 Alaska Air Group during the 3rd quarter valued at about $200,000. Institutional investors own 87.18% of the company’s stock.

In other news, VP Christopher Michael Berry sold 460 shares of the stock in a transaction that occurred on 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 owns 1,997 shares of the company’s stock, valued at approximately $193,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the completion of the transaction, the executive vice president now directly 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 sold a total of 5,934 shares of company stock valued at $415,518 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Bank of America cut Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Tuesday, January 9th. Standpoint Research began coverage on Alaska Air Group in a report on Monday, December 18th. They set a “buy” rating and a $90.00 target price for the company. Barclays cut Alaska Air Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $90.00 to $80.00 in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective (down previously from $115.00) on shares of Alaska Air Group in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Alaska Air Group has an average rating of “Buy” and an average price target of $87.68.

Shares of Alaska Air Group, Inc. (NYSE ALK) opened at $66.01 on Tuesday. Alaska Air Group, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $101.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.78. The firm has a market capitalization of $8,120.00, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business posted $1.56 EPS. The business’s revenue was up 28.7% on a year-over-year basis. sell-side analysts forecast that Alaska Air Group, Inc. will post 5.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.94%. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio is currently 14.48%.

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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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