The stock of Alaska Air Group, Inc. (NYSE:ALK) is a huge mover today! About 568,797 shares traded hands. Alaska Air Group, Inc. (NYSE:ALK) has declined 9.67% since March 11, 2016 and is downtrending. It has underperformed by 15.13% the S&P500.
The move comes after 5 months negative chart setup for the $9.21B company. It was reported on Oct, 14 by Barchart.com. We have $65.71 PT which if reached, will make NYSE:ALK worth $828.90 million less.
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 $256.33M for 8.98 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 11 analysts covering Alaska Air Group (NYSE:ALK), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Alaska Air Group has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “In-Line” rating given on Friday, September 23 by Imperial Capital. The firm earned “Hold” rating on Tuesday, December 22 by Stifel Nicolaus. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, January 7. The firm has “Hold” rating given on Friday, July 24 by Deutsche Bank. Raymond James maintained the stock with “Buy” rating in Tuesday, September 1 report. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, August 4. Evercore downgraded the shares of ALK in a report on Tuesday, October 13 to “Hold” rating. The firm has “Outperform” rating given on Monday, May 16 by Cowen & Co. Credit Suisse maintained it with “Neutral” rating and $84 target price in Friday, January 22 report. The stock has “Outperform” rating given by Cowen & Co on Tuesday, August 18.
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 Q2 2016. Its up 0.09, from 0.93 in 2016Q1. The ratio is positive, 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.
Legal And General Grp Incorporated Public Limited Company has 107,846 shares for 0.01% of their US portfolio. Stephens Ar has invested 0.02% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). First Manhattan last reported 430 shares in the company. Boston Ltd Co has 97,385 shares for 0.14% of their US portfolio. Stevens First Principles Advsr accumulated 0.02% or 405 shares. Hudock Capital Ltd Liability Company holds 1,492 shares or 0.05% of its portfolio. Herndon Capital Management Lc has 98 shares for 0% of their US portfolio. Ls Invest Advsr Limited holds 2,795 shares or 0.01% of its portfolio. Ubs Asset Mgmt Americas accumulated 342,066 shares or 0.02% of the stock. Boston Private Wealth Ltd Liability Corporation reported 3,622 shares or 0.01% of all its holdings. The Illinois-based Rothschild Invest Il has invested 0.12% in Alaska Air Group, Inc. (NYSE:ALK). Pggm Investments has invested 0.14% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Strs Ohio reported 49,778 shares or 0.01% of all its holdings. Guardian Life Ins Of America accumulated 0% or 467 shares. The Utah-based Utah Retirement System has invested 0.03% in Alaska Air Group, Inc. (NYSE:ALK).
Insider Transactions: Since April 19, 2016, the stock had 0 insider purchases, and 14 selling transactions for $5.30 million net activity. 1,372 shares were sold by MADSEN DENNIS F, worth $90,528. 2,000 shares were sold by TILDEN BRADLEY D, worth $133,436. 4,560 shares were sold by ELIASEN MARK G, worth $310,946. HARRISON ANDREW R had sold 13,813 shares worth $1.05 million. $134,736 worth of shares were sold by YOUNG TAMARA S on Thursday, September 1. Another trade for 9,943 shares valued at $701,174 was made by PEDERSEN BRANDON on Monday, May 23. SPRAGUE JOSEPH A also sold $466,690 worth of Alaska Air Group, Inc. (NYSE:ALK) on Thursday, May 5.
More recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Prnewswire.com which released: “Alaska Air Group and Virgin America Agree to Extend Regulatory Review of …” on September 26, 2016. Also Benzinga.com published the news titled: “Top Performing Industries For October 13, 2016” on October 13, 2016. Bloomberg.com‘s news article titled: “Alaska Air’s Virgin Bid Seen Facing Concerns Near Deadline” with publication date: September 22, 2016 was also an interesting one.
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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