Alaska Air Group (NYSE:ALK) Downgraded by StockNews.com

StockNews.com downgraded shares of Alaska Air Group (NYSE:ALKFree Report) from a hold rating to a sell rating in a research report released on Friday morning.

ALK has been the subject of a number of other reports. Melius cut shares of Alaska Air Group from a buy rating to a hold rating in a research report on Monday, January 8th. Raymond James cut shares of Alaska Air Group from a strong-buy rating to a market perform rating in a report on Monday, December 4th. TD Cowen dropped their price objective on shares of Alaska Air Group from $45.00 to $40.00 and set an outperform rating for the company in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Alaska Air Group from a hold rating to a buy rating and lifted their price objective for the company from $44.00 to $51.00 in a report on Tuesday, February 20th. Finally, Susquehanna cut shares of Alaska Air Group from a positive rating to a neutral rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has an average rating of Hold and an average price target of $56.13.

Get Our Latest Stock Report on Alaska Air Group

Alaska Air Group Stock Performance

ALK opened at $36.87 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.91 and a beta of 1.62. Alaska Air Group has a 52-week low of $30.75 and a 52-week high of $57.18. The firm’s fifty day simple moving average is $37.08 and its two-hundred day simple moving average is $37.05.

Alaska Air Group (NYSE:ALKGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.12. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.53 billion. Alaska Air Group had a net margin of 2.25% and a return on equity of 14.72%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Equities analysts anticipate that Alaska Air Group will post 4.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $38.36, for a total value of $249,340.00. Following the completion of the transaction, the executive vice president now owns 26,048 shares in the company, valued at $999,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Trading of Alaska Air Group

Several institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its position in Alaska Air Group by 215.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 520 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Alaska Air Group by 255.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 775 shares of the transportation company’s stock valued at $30,000 after buying an additional 557 shares during the period. Covestor Ltd increased its stake in Alaska Air Group by 416.4% in the 1st quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock valued at $33,000 after buying an additional 458 shares during the period. Itau Unibanco Holding S.A. increased its stake in Alaska Air Group by 456.1% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 912 shares of the transportation company’s stock valued at $34,000 after buying an additional 748 shares during the period. Finally, Principal Securities Inc. acquired a new position in Alaska Air Group in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.

About Alaska Air Group

(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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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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