Trading Report: Today, Great West Life Assurance Co. Can decreases its position in Alaska Air Group Inc. (ALK)

Today, Great West Life Assurance Co. Can decreases its position in Alaska Air Group Inc. (ALK)

Great West Life Assurance Co. Can reduced its stake in Alaska Air Group Inc. (NYSE:ALK) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,532 shares of the company’s stock after selling 323 shares during the period. Great West Life Assurance Co. Can’s holdings in Alaska Air Group were worth $1,811,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Baker Ellis Asset Management LLC raised its stake in shares of Alaska Air Group by 18.6% in the third quarter. Baker Ellis Asset Management LLC now owns 6,700 shares of the company’s stock valued at $441,000 after buying an additional 1,050 shares in the last quarter. Concert Wealth Management Inc. raised its stake in shares of Alaska Air Group by 6.2% in the third quarter. Concert Wealth Management Inc. now owns 10,445 shares of the company’s stock valued at $688,000 after buying an additional 610 shares in the last quarter. Strs Ohio raised its stake in shares of Alaska Air Group by 1.5% in the third quarter. Strs Ohio now owns 50,546 shares of the company’s stock valued at $3,328,000 after buying an additional 768 shares in the last quarter. JLB & Associates Inc. raised its stake in shares of Alaska Air Group by 72.0% in the third quarter. JLB & Associates Inc. now owns 15,246 shares of the company’s stock valued at $1,004,000 after buying an additional 6,380 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of Alaska Air Group by 11.2% in the third quarter. Commonwealth Equity Services Inc now owns 29,219 shares of the company’s stock valued at $1,924,000 after buying an additional 2,943 shares in the last quarter. 88.21% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Inc. (NYSE:ALK) traded down 0.39% during trading on Monday, reaching $82.43. The company’s stock had a trading volume of 1,003,798 shares. Alaska Air Group Inc. has a 12-month low of $54.51 and a 12-month high of $87.17. The company has a market capitalization of $10.16 billion, a P/E ratio of 11.56 and a beta of 0.71. The firm’s 50-day moving average price is $74.46 and its 200 day moving average price is $67.46.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 20th. The company reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.13. The firm earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. On average, analysts predict that Alaska Air Group Inc. will post $7.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 10th. Alaska Air Group’s dividend payout ratio (DPR) is 15.41%.

ALK has been the subject of several recent research reports. Vetr downgraded Alaska Air Group from a “strong-buy” rating to a “buy” rating and set a $77.17 price objective for the company. in a research report on Tuesday, September 6th. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. Buckingham Research upgraded Alaska Air Group from a “neutral” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Thursday, October 13th. Credit Suisse Group AG set a $85.00 price objective on Alaska Air Group and gave the company a “buy” rating in a research report on Tuesday, September 13th. Finally, Imperial Capital initiated coverage on Alaska Air Group in a research report on Friday, September 23rd. They issued an “in-line” rating and a $74.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $85.89.

In other news, SVP Joseph A. Sprague sold 6,667 shares of Alaska Air Group stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $75.00, for a total value of $500,025.00. Following the completion of the transaction, the senior vice president now owns 6,620 shares in the company, valued at approximately $496,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark G. Eliasen sold 2,200 shares of Alaska Air Group stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $65.60, for a total value of $144,320.00. Following the completion of the transaction, the vice president now owns 3,040 shares of the company’s stock, valued at approximately $199,424. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Alaska Air Group Company Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

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