Cambridge Investment Research Advisors Inc. Sells 1,991 Shares of Alaska Air Group, Inc. (NYSE:ALK)

Share on StockTwits

Cambridge Investment Research Advisors Inc. reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,649 shares of the transportation company’s stock after selling 1,991 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Alaska Air Group were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALK. BancorpSouth Bank raised its holdings in Alaska Air Group by 12.5% during the second quarter. BancorpSouth Bank now owns 7,989 shares of the transportation company’s stock worth $482,000 after purchasing an additional 885 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Alaska Air Group by 38.5% during the second quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after buying an additional 900 shares in the last quarter. Mitchell Capital Management Co. increased its position in Alaska Air Group by 14.5% during the second quarter. Mitchell Capital Management Co. now owns 7,214 shares of the transportation company’s stock worth $436,000 after buying an additional 916 shares in the last quarter. Gibraltar Capital Management Inc. increased its position in Alaska Air Group by 1.2% during the second quarter. Gibraltar Capital Management Inc. now owns 93,510 shares of the transportation company’s stock worth $5,647,000 after buying an additional 1,079 shares in the last quarter. Finally, HL Financial Services LLC increased its position in Alaska Air Group by 18.7% during the second quarter. HL Financial Services LLC now owns 6,937 shares of the transportation company’s stock worth $419,000 after buying an additional 1,091 shares in the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.

Shares of ALK traded up $1.76 during midday trading on Friday, reaching $61.57. 3,093,082 shares of the company were exchanged, compared to its average volume of 2,133,158. The stock has a market cap of $8.48 billion, a PE ratio of 9.27, a P/E/G ratio of 2.36 and a beta of 0.54. Alaska Air Group, Inc. has a 1-year low of $57.53 and a 1-year high of $81.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.71.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, July 26th. The transportation company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Alaska Air Group had a return on equity of 16.99% and a net margin of 10.28%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 earnings per share. On average, research analysts anticipate that Alaska Air Group, Inc. will post 4.2 earnings per share for the current year.

In other Alaska Air Group news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $66.81, for a total transaction of $200,430.00. Following the transaction, the executive vice president now owns 8,238 shares in the company, valued at $550,380.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

ALK has been the subject of several recent research reports. Buckingham Research dropped their price target on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Imperial Capital raised Alaska Air Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $95.00 in a research report on Thursday, September 27th. Wolfe Research downgraded Alaska Air Group from an “outperform” rating to a “hold” rating in a research report on Tuesday. Finally, Bank of America lowered their price objective on Alaska Air Group from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group has an average rating of “Hold” and an average price target of $76.92.

About Alaska Air Group

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.

Featured Article: Penny Stocks

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

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.