American Century Companies Inc. lifted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,480 shares of the transportation company’s stock after purchasing an additional 33,390 shares during the quarter. American Century Companies Inc. owned 0.09% of Alaska Air Group worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Exane Derivatives acquired a new position in Alaska Air Group during the fourth quarter valued at approximately $105,000. Mercer Capital Advisers Inc. bought a new position in Alaska Air Group in the third quarter worth $116,000. Bank of Nova Scotia Trust Co. bought a new position in Alaska Air Group in the third quarter worth $153,000. Harbour Capital Advisors LLC bought a new position in Alaska Air Group in the third quarter worth $200,000. Finally, Cetera Investment Advisers bought a new position in Alaska Air Group in the second quarter worth $240,000. 86.22% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have issued reports on ALK shares. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Buckingham Research lowered their target price on Alaska Air Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective (down from $115.00) on shares of Alaska Air Group in a research report on Wednesday, January 10th. Standpoint Research started coverage on Alaska Air Group in a research report on Monday, December 18th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Raymond James Financial upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $85.00 to $80.00 in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $87.53.

Alaska Air Group, Inc. (NYSE:ALK) opened at $64.30 on Wednesday. The company has a market capitalization of $7,825.04, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a 1-year low of $59.25 and a 1-year high of $98.30.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.56 EPS. The company’s revenue was up 28.7% compared to the same quarter last year. equities research analysts predict that Alaska Air Group, Inc. will post 5.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be given a dividend of $0.32 per share. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, February 16th. Alaska Air Group’s dividend payout ratio is currently 15.46%.

In other Alaska Air Group news, VP Brandon Pedersen sold 2,700 shares of the stock in a transaction dated Friday, February 16th. The stock was 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 in the company, valued at $1,751,484.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Michael Berry sold 460 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

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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.

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

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