Headlines about Alaska Air Group (NYSE:ALK) have been trending positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alaska Air Group earned a news sentiment score of 0.35 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 45.9526961514363 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Trader Tracker: Jim buys Goldman Sachs & Alaska Air (finance.yahoo.com)
- Jim Lebenthal: why I bought Goldman Sachs & Alaska Airlines (finance.yahoo.com)
- Zacks Investment Research Lowers Alaska Air Group (ALK) to Sell (americanbankingnews.com)
- Alaska Air Group, Inc. (ALK) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Key Researchers at Cowen & Co. Reiterate their ‘Buy’ rating for Alaska Air (NYSE:ALK) Shares Today. Their PT Given is $89.0 (ontariocanews.com)
ALK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price (down previously from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. JPMorgan Chase & Co. downgraded shares of Alaska Air Group from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $65.48 to $67.00 in a research note on Tuesday, January 30th. Finally, UBS downgraded shares of Alaska Air Group from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $84.69.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. research analysts anticipate that Alaska Air Group will post 5.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $0.32 dividend. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. Alaska Air Group’s dividend payout ratio is 15.46%.
In other Alaska Air Group news, VP Christopher Michael Berry sold 460 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total transaction of $44,620.00. Following the completion of the sale, the vice president now owns 1,997 shares of the company’s stock, valued at approximately $193,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kyle B. Levine sold 1,503 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $97,695.00. Following the sale, the vice president now directly owns 7,182 shares of the company’s stock, valued at approximately $466,830. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock valued at $884,697 in the last ninety days. 0.57% of the stock is owned by corporate insiders.
About Alaska Air Group
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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