Columbus Circle Investors Acquires Shares of 277,794 Alaska Air Group, Inc. (ALK)

Columbus Circle Investors acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 277,794 shares of the transportation company’s stock, valued at approximately $16,904,000. Columbus Circle Investors owned approximately 0.23% of Alaska Air Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALK. Nisa Investment Advisors LLC lifted its stake in Alaska Air Group by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,600 shares of the transportation company’s stock valued at $1,375,000 after purchasing an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Alaska Air Group by 1.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,713 shares of the transportation company’s stock valued at $1,078,000 after purchasing an additional 200 shares during the last quarter. Dupont Capital Management Corp lifted its stake in Alaska Air Group by 14.9% in the 4th quarter. Dupont Capital Management Corp now owns 1,667 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 216 shares during the last quarter. Auxier Asset Management lifted its stake in Alaska Air Group by 2.4% in the 3rd quarter. Auxier Asset Management now owns 12,815 shares of the transportation company’s stock valued at $882,000 after purchasing an additional 300 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in Alaska Air Group by 10.7% in the 4th quarter. Sigma Planning Corp now owns 3,787 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 92.84% of the company’s stock.

Shares of ALK stock opened at $66.70 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.69. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.74 and a beta of 0.88. Alaska Air Group, Inc. has a 12-month low of $57.28 and a 12-month high of $74.83.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Tuesday, February 19th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 15th. This is an increase from Alaska Air Group’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.10%. Alaska Air Group’s dividend payout ratio (DPR) is 28.70%.

In other news, Director J Kenneth Thompson sold 2,500 shares of Alaska Air Group stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $73.12, for a total value of $182,800.00. Following the completion of the sale, the director now directly owns 36,353 shares in the company, valued at $2,658,131.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on ALK shares. Goldman Sachs Group upgraded shares of Alaska Air Group from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, November 28th. TheStreet upgraded shares of Alaska Air Group from a “c+” rating to a “b-” rating in a research note on Monday, November 26th. JPMorgan Chase & Co. upgraded shares of Alaska Air Group from an “underweight” rating to a “neutral” rating and set a $67.00 target price for the company in a research note on Thursday, January 10th. Imperial Capital reiterated an “outperform” rating and issued a $90.00 target price on shares of Alaska Air Group in a research note on Tuesday, January 15th. Finally, Cowen restated an “outperform” rating and set a $84.00 price objective (up from $80.00) on shares of Alaska Air Group in a research report on Wednesday, November 28th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Alaska Air Group presently has a consensus rating of “Buy” and a consensus price target of $77.50.

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Alaska Air Group Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 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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