Alaska Air Group, Inc. (ALK) Shares Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its stake in Alaska Air Group, Inc. (NYSE:ALK) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,637 shares of the transportation company’s stock after purchasing an additional 1,003 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Alaska Air Group were worth $160,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ALK. Vanguard Group Inc lifted its position in shares of Alaska Air Group by 1.1% in the third quarter. Vanguard Group Inc now owns 12,380,127 shares of the transportation company’s stock valued at $852,494,000 after acquiring an additional 130,958 shares in the last quarter. BlackRock Inc. lifted its position in shares of Alaska Air Group by 1.6% in the fourth quarter. BlackRock Inc. now owns 7,031,099 shares of the transportation company’s stock valued at $427,843,000 after acquiring an additional 113,985 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Alaska Air Group by 0.3% in the third quarter. Franklin Resources Inc. now owns 3,225,576 shares of the transportation company’s stock valued at $222,113,000 after acquiring an additional 10,502 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alaska Air Group by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock valued at $175,468,000 after acquiring an additional 503,977 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Alaska Air Group by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 1,858,086 shares of the transportation company’s stock valued at $112,942,000 after purchasing an additional 165,833 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on ALK shares. Vertical Research started coverage on Alaska Air Group in a research note on Monday, February 4th. They issued a “hold” rating for the company. Buckingham Research dropped their target price on Alaska Air Group from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, March 8th. Zacks Investment Research lowered Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Citigroup dropped their target price on Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, ValuEngine lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.03.

In other news, VP Christopher Michael Berry sold 750 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $67.14, for a total transaction of $50,355.00. Following the sale, the vice president now directly owns 1,233 shares in the company, valued at approximately $82,783.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $62.93, for a total value of $251,720.00. Following the completion of the sale, the executive vice president now owns 22,167 shares in the company, valued at $1,394,969.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,776 shares of company stock worth $551,687. 0.43% of the stock is currently owned by company insiders.

ALK stock opened at $60.06 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 0.43. Alaska Air Group, Inc. has a 1 year low of $53.39 and a 1 year high of $74.83. The stock has a market capitalization of $7.46 billion, a PE ratio of 13.47 and a beta of 0.81.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. Alaska Air Group had a return on equity of 15.20% and a net margin of 5.29%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Equities analysts predict that Alaska Air Group, Inc. will post 6.1 earnings per share for the current year.

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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.

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

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