The stock of Alaska Air Group, Inc. (NYSE:ALK) is a huge mover today! About 545,645 shares traded hands. Alaska Air Group, Inc. (NYSE:ALK) has declined 10.88% since February 29, 2016 and is downtrending. It has underperformed by 23.10% the S&P500.
The move comes after 6 months positive chart setup for the $8.26 billion company. It was reported on Oct, 3 by Barchart.com. We have $85.20 PT which if reached, will make NYSE:ALK worth $2.31B more.
Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on October, 27. They expect $2.01 EPS, down 6.94% or $0.15 from last year’s $2.16 per share. ALK’s profit will be $249.44M for 8.28 P/E if the $2.01 EPS becomes a reality. After $2.12 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -5.19% negative EPS growth.
Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage
Out of 10 analysts covering Alaska Air Group (NYSE:ALK), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. Alaska Air Group has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the stock with “Neutral” rating in Friday, January 22 report. The firm has “Overweight” rating given on Tuesday, August 4 by Morgan Stanley. The company was maintained on Tuesday, August 18 by Cowen & Co. The firm has “In-Line” rating by Imperial Capital given on Friday, September 23. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Outperform” rating given on Tuesday, June 14 by Raymond James. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Buy” rating given on Friday, January 22 by Deutsche Bank. Raymond James maintained Alaska Air Group, Inc. (NYSE:ALK) on Tuesday, September 1 with “Buy” rating. As per Wednesday, July 27, the company rating was upgraded by JP Morgan. Cowen & Co maintained it with “Outperform” rating and $87 target price in Thursday, July 23 report.
According to Zacks Investment Research, “Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiary’s business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.09, from 0.93 in 2016Q1. The ratio improved, as 67 funds sold all Alaska Air Group, Inc. shares owned while 157 reduced positions. 88 funds bought stakes while 141 increased positions. They now own 106.92 million shares or 7.17% less from 115.17 million shares in 2016Q1.
Bnp Paribas Arbitrage has 127,169 shares for 0.03% of their US portfolio. Ajo Limited Partnership last reported 0.76% of its portfolio in the stock. Morgan Stanley, a New York-based fund reported 1.13 million shares. Thompson Siegel And Walmsley Lc accumulated 0.35% or 378,865 shares. Aqr Capital Mngmt Limited Liability, a Connecticut-based fund reported 452,896 shares. Utah Retirement Sys holds 0.03% or 21,900 shares in its portfolio. Fuller And Thaler Asset Mngmt owns 2,000 shares or 0% of their US portfolio. Finemark Fincl Bank reported 166 shares or 0% of all its holdings. Cibc Asset Mngmt Inc holds 12,298 shares or 0.01% of its portfolio. Geode Capital Management Limited Liability Corporation accumulated 1.06M shares or 0.03% of the stock. Wellington Management Llp last reported 1.93M shares in the company. Manufacturers Life Ins The owns 127,953 shares or 0.01% of their US portfolio. Vident Inv Advisory Llc last reported 28,393 shares in the company. Shellback Cap L P accumulated 0.88% or 117,594 shares. Cfo4life L P owns 14,363 shares or 0.72% of their US portfolio.
Insider Transactions: Since April 19, 2016, the stock had 0 buys, and 13 sales for $5.16 million net activity. TILDEN BRADLEY D sold $133,436 worth of stock. Shares for $134,736 were sold by YOUNG TAMARA S on Thursday, September 1. PEDERSEN BRANDON also sold $957,848 worth of Alaska Air Group, Inc. (NYSE:ALK) on Wednesday, May 4. The insider ELIASEN MARK G sold $310,946. On Thursday, June 2 MADSEN DENNIS F sold $90,528 worth of the stock or 1,372 shares. SPRAGUE JOSEPH A sold $466,690 worth of stock. HARRISON ANDREW R sold $1.05M worth of stock.
More notable recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Reuters.com which released: “BRIEF-Alaska Air Group will fly to Havana, Cuba, beginning Jan. 5, 2017” on April 07, 2016, also Prnewswire.com with their article: “Alaska Air Group and Virgin America Agree to Extend Regulatory Review of …” published on September 26, 2016, Bloomberg.com published: “Alaska Air’s Virgin Bid Seen Facing Concerns Near Deadline” on September 22, 2016. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) were released by: Wsj.com and their article: “Alaska Air Agrees Not to Close Virgin America Merger Before Oct. 17” published on September 26, 2016 as well as Fool.com‘s news article titled: “Is the Alaska Air-Virgin America Merger on the Rocks?” with publication date: September 28, 2016.
ALK Company Profile
Alaska Air Group, Inc., incorporated on March 15, 1985, is the holding firm of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon, SkyWest Airlines, Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity. The Firm serves approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada, Mexico and Costa Rica. The Alaska Airlines Mileage Plan program provides a suite of frequent flier benefits.
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