Is Alaska Air Group, Inc. (ALK) a Sell? The Stock Reaches 1 Year Low Today

May 21, 2018 - By Adrian Erickson

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.35, from 1.34 in 2017Q3. It fall, as 68 investors sold Alaska Air Group, Inc. shares while 156 reduced holdings. 80 funds opened positions while 142 raised stakes. 102.14 million shares or 2.96% less from 105.25 million shares in 2017Q3 were reported.
Washington Trust Comml Bank has invested 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Peddock Advisors Limited Liability Corp has invested 0.12% in Alaska Air Group, Inc. (NYSE:ALK). Cornerstone Advsrs has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Atlantic Grp Ltd Liability Co owns 62 shares or 0% of their US portfolio. 2,805 were reported by Wetherby Asset. Newman Dignan & Sheerar Inc reported 4,845 shares. Gemmer Asset Mgmt Ltd Liability Corp has invested 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). State Of Alaska Department Of Revenue holds 22,321 shares or 0.04% of its portfolio. Bnp Paribas Arbitrage holds 148,753 shares. Gradient Investments stated it has 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Quantitative Systematic Strategies Llc has invested 0.13% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Kentucky Retirement Insurance Tru Fund holds 3,268 shares. Moreover, Advisory Network Limited Liability Corp has 0.07% invested in Alaska Air Group, Inc. (NYSE:ALK). Huntington Bancorporation holds 708 shares. Franklin Resources stated it has 0.11% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK).

Since February 16, 2018, it had 0 buys, and 5 selling transactions for $989,848 activity. 2,350 shares were sold by HARRISON ANDREW R, worth $152,474. PEDERSEN BRANDON sold 2,700 shares worth $175,879. $52,020 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by BERRY CHRISTOPHER MICHAEL on Wednesday, February 21. BECK GARY L sold $511,780 worth of stock.

The stock of Alaska Air Group, Inc. (NYSE:ALK) hit a new 52-week low and has $56.40 target or 4.00 % below today’s $58.75 share price. The 9 months bearish chart indicates high risk for the $7.24B company. The 1-year low was reported on May, 21 by Barchart.com. If the $56.40 price target is reached, the company will be worth $289.64 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 1.49% or $0.86 during the last trading session, reaching $58.75. About 1.01M shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since May 21, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on July, 25. They expect $1.76 EPS, down 29.88 % or $0.75 from last year’s $2.51 per share. ALK’s profit will be $216.92 million for 8.35 P/E if the $1.76 EPS becomes a reality. After $0.14 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts 1,157.14 % EPS growth.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 12 analysts covering Alaska Air (NYSE:ALK), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Alaska Air had 22 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 26 by Cowen & Co. As per Monday, April 23, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Friday, April 13 by Cowen & Co. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 23 report. On Tuesday, January 30 the stock rating was downgraded by J.P. Morgan to “Sell”. On Thursday, February 1 the stock rating was maintained by Imperial Capital with “In-Line”. The firm has “Buy” rating given on Monday, December 4 by Cowen & Co. Citigroup maintained it with “Neutral” rating and $70 target in Monday, April 16 report. The firm has “Neutral” rating given on Thursday, February 15 by UBS. Buckingham Research maintained it with “Buy” rating and $88 target in Friday, January 26 report.

More important recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Bizjournals.com which released: “Alaska Airlines taps Facebook executive for board” on May 04, 2018, also Streetinsider.com published article titled: “Alaska Air Group (ALK) April Traffic Increases 5.8%”, Seekingalpha.com published: “Alaska Air Group’s (ALK) CEO Brad Tilden on Q1 2018 Results – Earnings Call Transcript” on April 23, 2018. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) was released by: Gurufocus.com and their article: “Alaska Airlines goes strawless in partnership with nonprofit Lonely Whale, continues commitment to sustainability” with publication date: May 21, 2018.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $7.24 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.04 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

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