Alaska Air Group (NYSE:ALK) reached a new 52-week high and low during trading on Monday . The company traded as low as $57.53 and last traded at $58.69, with a volume of 33547 shares. The stock had previously closed at $58.20.
A number of equities research analysts have commented on ALK shares. Morgan Stanley decreased their target price on shares of Alaska Air Group from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 12th. Buckingham Research decreased their target price on shares of Alaska Air Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and set a $110.00 target price on shares of Alaska Air Group in a research note on Monday, April 23rd. TheStreet cut shares of Alaska Air Group from a “b-” rating to a “c+” rating in a research note on Monday, April 2nd. Finally, ValuEngine cut shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $85.00.
The stock has a market cap of $7.14 billion, a PE ratio of 8.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.69 and a current ratio of 0.71.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Monday, April 23rd. The transportation company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Alaska Air Group had a net margin of 11.64% and a return on equity of 20.43%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. equities analysts expect that Alaska Air Group will post 5.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Tuesday, May 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, May 21st. Alaska Air Group’s payout ratio is currently 19.28%.
In related news, CEO Gary L. Beck sold 6,360 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $65.10, for a total value of $414,036.00. Following the sale, the chief executive officer now owns 3,316 shares in the company, valued at $215,871.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 2,350 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $64.88, for a total transaction of $152,468.00. Following the completion of the sale, the executive vice president now owns 24,092 shares in the company, valued at approximately $1,563,088.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,213 shares of company stock worth $664,199. Company insiders own 0.56% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank increased its position in Alaska Air Group by 5.1% in the first quarter. Amalgamated Bank now owns 27,147 shares of the transportation company’s stock worth $1,682,000 after purchasing an additional 1,307 shares during the last quarter. Tillar Wenstrup Advisors LLC increased its position in Alaska Air Group by 24.9% in the first quarter. Tillar Wenstrup Advisors LLC now owns 32,117 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 6,408 shares during the last quarter. CIBC World Markets Inc. increased its position in Alaska Air Group by 109.2% in the first quarter. CIBC World Markets Inc. now owns 11,145 shares of the transportation company’s stock worth $691,000 after purchasing an additional 5,817 shares during the last quarter. Moors & Cabot Inc. bought a new stake in Alaska Air Group in the first quarter worth $202,000. Finally, Coldstream Capital Management Inc. increased its position in Alaska Air Group by 25.4% in the first quarter. Coldstream Capital Management Inc. now owns 16,661 shares of the transportation company’s stock worth $1,032,000 after purchasing an additional 3,377 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.
About Alaska Air Group
Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.
Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.