Hancock Whitney Corp Has $610,000 Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Hancock Whitney Corp boosted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,028 shares of the transportation company’s stock after buying an additional 309 shares during the quarter. Hancock Whitney Corp’s holdings in Alaska Air Group were worth $610,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of 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 worth $1,375,000 after acquiring an additional 200 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Alaska Air Group by 1.1% in the fourth 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 period. Dupont Capital Management Corp lifted its stake in shares of Alaska Air Group by 14.9% in the fourth 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 period. Auxier Asset Management lifted its stake in shares of Alaska Air Group by 2.4% in the third 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 period. Finally, Private Advisor Group LLC lifted its stake in shares of Alaska Air Group by 7.2% in the fourth quarter. Private Advisor Group LLC now owns 4,569 shares of the transportation company’s stock valued at $278,000 after purchasing an additional 306 shares during the period. 88.30% of the stock is currently owned by institutional investors.

ALK stock traded up $0.29 during midday trading on Friday, reaching $61.67. 976,590 shares of the company’s stock traded hands, compared to its average volume of 1,429,170. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. 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 fifty-two week low of $53.39 and a fifty-two week high of $74.83.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $0.83 earnings per share. Alaska Air Group’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Alaska Air Group, Inc. will post 6.05 EPS for the current fiscal year.

In related news, VP Brandon Pedersen sold 4,026 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $62.00, for a total value of $249,612.00. Following the sale, the vice president now directly owns 26,524 shares of the company’s stock, valued at $1,644,488. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Michael Berry sold 750 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $67.14, for a total transaction of $50,355.00. Following the completion of the sale, the vice president now directly owns 1,233 shares in the company, valued at $82,783.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,776 shares of company stock worth $551,687. Corporate insiders own 0.43% of the company’s stock.

Several analysts recently commented on the stock. ValuEngine cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet downgraded shares of Alaska Air Group from a “b-” rating to a “c” rating in a report on Thursday, January 24th. Macquarie upgraded shares of Alaska Air Group from a “neutral” rating to an “outperform” rating and set a $63.48 target price for the company in a report on Monday, January 28th. Imperial Capital restated an “outperform” rating and set a $90.00 target price (down from $93.00) on shares of Alaska Air Group in a report on Monday, January 28th. Finally, Credit Suisse Group set a $76.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $76.03.

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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.

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

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