LSV Asset Management lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 462,390 shares of the transportation company’s stock after selling 6,000 shares during the quarter. LSV Asset Management’s holdings in Alaska Air Group were worth $25,949,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Investors Research Corp acquired a new position in Alaska Air Group in the 1st quarter valued at about $28,000. We Are One Seven LLC acquired a new position in Alaska Air Group in the 4th quarter valued at about $34,000. Sandy Spring Bank increased its position in Alaska Air Group by 58.8% in the 1st quarter. Sandy Spring Bank now owns 794 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 294 shares during the period. Quadrant Capital Group LLC increased its position in Alaska Air Group by 762.7% in the 1st quarter. Quadrant Capital Group LLC now owns 949 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 839 shares during the period. Finally, Enlightenment Research LLC acquired a new position in Alaska Air Group in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

In other news, EVP Andrew R. Harrison sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $62.63, for a total transaction of $294,361.00. Following the sale, the executive vice president now owns 15,867 shares of the company’s stock, valued at approximately $993,750.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brandon Pedersen sold 4,026 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $62.00, for a total value of $249,612.00. Following the sale, the vice president now directly owns 26,524 shares in the company, valued at approximately $1,644,488. The disclosure for this sale can be found here. Insiders have sold a total of 10,326 shares of company stock worth $642,421 in the last quarter. 0.43% of the stock is currently owned by insiders.

NYSE ALK opened at $60.68 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.59. Alaska Air Group, Inc. has a 12-month low of $53.39 and a 12-month high of $74.83. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, April 25th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Alaska Air Group had a return on equity of 14.97% and a net margin of 5.26%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 5.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, May 20th. Alaska Air Group’s payout ratio is 31.39%.

Several equities analysts recently issued reports on ALK shares. Credit Suisse Group set a $76.00 price target on Alaska Air Group and gave the company a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, March 5th. Buckingham Research dropped their price target on Alaska Air Group from $88.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Deutsche Bank dropped their price target on Alaska Air Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, TheStreet cut Alaska Air Group from a “b-” rating to a “c” rating in a research report on Thursday, January 24th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.43.

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About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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

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