1 week Ago By ABMN Staff
Alaska Air Group ( NYSE:ALK – Free Report ) had its price target cut by Barclays from $80.00 to $62.00 in a research report sent to investors on Tuesday, Benzinga reports.
They currently have an overweight rating on the transportation company’s stock. ALK has been the topic of several other reports. The Goldman Sachs Group upped their target price on shares of Alaska Air Group from $70.
00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Bank of America lowered their price target on Alaska Air Group from $80.
00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Citigroup reduced their price objective on Alaska Air Group from $83.
00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Morgan Stanley upped their target price on Alaska Air Group from $70.
00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co.
raised their price target on Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd.
Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $70.15.
Check Out Our Latest Report on ALK Alaska Air Group Stock Down 6.9 % Alaska Air Group ( NYSE:ALK – Get Free Report ) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.
97 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52.
Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%.
On average, equities analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current fiscal year. Insider Buying and Selling In other Alaska Air Group news, CEO Joseph A.
Sprague sold 9,500 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $68.90, for a total transaction of $654,550.
00. Following the transaction, the chief executive officer now owns 9,840 shares of the company’s stock, valued at $677,976. This represents a 49.
12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link . Also, EVP Andrew R.
Harrison sold 6,600 shares of Alaska Air Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.
00. Following the completion of the sale, the executive vice president now directly owns 34,030 shares of the company’s stock, valued at approximately $2,595,808.40.
This represents a 16.24 % decrease in their position. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 154,725 shares of company stock worth $11,217,263. 0.68% of the stock is owned by insiders.
Institutional Inflows and Outflows Several large investors have recently modified their holdings of ALK. Maryland State Retirement & Pension System increased its position in Alaska Air Group by 0.3% during the fourth quarter.
Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock worth $3,231,000 after purchasing an additional 147 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Alaska Air Group by 0.5% during the 4th quarter.
Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock worth $1,931,000 after buying an additional 160 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Alaska Air Group by 44.8% during the 4th quarter.
Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares during the last quarter. Savant Capital LLC raised its position in shares of Alaska Air Group by 3.4% in the 4th quarter.
Savant Capital LLC now owns 6,284 shares of the transportation company’s stock worth $407,000 after buying an additional 206 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Alaska Air Group by 1.3% in the fourth quarter.
Mutual of America Capital Management LLC now owns 19,229 shares of the transportation company’s stock valued at $1,245,000 after acquiring an additional 254 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.
Alaska Air Group Company Profile ( Get Free Report ) Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.
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