Tealwood Asset Management Inc. Sells 683 Shares of Alaska Air Group, Inc. (NYSE:ALK)

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Tealwood Asset Management Inc. reduced its position in Alaska Air Group, Inc. (NYSE:ALK) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,093 shares of the transportation company’s stock after selling 683 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Alaska Air Group were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Securian Asset Management Inc lifted its holdings in shares of Alaska Air Group by 1.4% in the second quarter. Securian Asset Management Inc now owns 12,561 shares of the transportation company’s stock worth $803,000 after buying an additional 171 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Alaska Air Group by 1.0% in the first quarter. Mason Street Advisors LLC now owns 17,564 shares of the transportation company’s stock worth $986,000 after buying an additional 181 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Alaska Air Group by 2.0% in the first quarter. Stephens Inc. AR now owns 9,786 shares of the transportation company’s stock worth $549,000 after buying an additional 192 shares in the last quarter. BancorpSouth Bank lifted its holdings in shares of Alaska Air Group by 2.5% in the second quarter. BancorpSouth Bank now owns 7,930 shares of the transportation company’s stock worth $507,000 after buying an additional 195 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Alaska Air Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 35,496 shares of the transportation company’s stock worth $1,992,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Alaska Air Group stock traded down $0.05 during mid-day trading on Thursday, reaching $59.76. 34,542 shares of the company’s stock traded hands, compared to its average volume of 1,107,423. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.48 and a beta of 0.86. The stock has a 50 day moving average of $63.21 and a two-hundred day moving average of $61.27. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.75. Alaska Air Group, Inc. has a 12-month low of $53.39 and a 12-month high of $74.83.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.06. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Alaska Air Group had a net margin of 6.00% and a return on equity of 16.28%. Alaska Air Group’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 earnings per share. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post 5.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Monday, August 19th. Alaska Air Group’s payout ratio is 31.39%.

In other Alaska Air Group news, VP Kyle B. Levine sold 2,430 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $157,950.00. Following the transaction, the vice president now owns 8,039 shares in the company, valued at $522,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

ALK has been the topic of several research analyst reports. TheStreet raised shares of Alaska Air Group from a “c” rating to a “b” rating in a report on Thursday, July 25th. Imperial Capital reissued an “in-line” rating and issued a $70.00 target price (up previously from $68.00) on shares of Alaska Air Group in a report on Tuesday, August 6th. Deutsche Bank lowered their target price on shares of Alaska Air Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Morgan Stanley boosted their target price on shares of Alaska Air Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, ValuEngine downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.36.

Alaska Air Group Profile

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.

Recommended Story: Quick Ratio

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

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