Alaska Air Group, Inc. (ALK) Upgraded to Hold by Vetr Inc.

Vetr upgraded shares of Alaska Air Group, Inc. (NYSE:ALK) from a sell rating to a hold rating in a research note released on Tuesday. They currently have $90.70 price objective on the stock.

Several other brokerages have also issued reports on ALK. Bank of America Corporation restated a neutral rating and set a $78.00 price target (up previously from $72.00) on shares of Alaska Air Group in a research note on Sunday, October 23rd. Citigroup Inc. started coverage on shares of Alaska Air Group in a research note on Friday, November 18th. They set a neutral rating and a $81.00 price target for the company. Zacks Investment Research lowered shares of Alaska Air Group from a hold rating to a sell rating in a research note on Tuesday, October 18th. Imperial Capital started coverage on shares of Alaska Air Group in a research note on Friday, September 23rd. They set an in-line rating and a $74.00 price target for the company. Finally, Buckingham Research upgraded shares of Alaska Air Group from a neutral rating to a buy rating and set a $84.00 price target for the company in a research note on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $89.32.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

Shares of Alaska Air Group (NYSE:ALK) traded up 2.36% during midday trading on Tuesday, hitting $94.17. The company had a trading volume of 1,955,419 shares. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 13.21 and a beta of 0.77. Alaska Air Group has a 12-month low of $54.51 and a 12-month high of $94.79. The company’s 50-day moving average price is $87.14 and its 200 day moving average price is $72.49.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, October 20th. The company reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. Alaska Air Group had a net margin of 15.40% and a return on equity of 34.91%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. Equities research analysts predict that Alaska Air Group will post $7.10 earnings per share for the current fiscal year.

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In other news, SVP Joseph A. Sprague sold 6,666 shares of Alaska Air Group stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $75.00, for a total transaction of $499,950.00. Following the completion of the sale, the senior vice president now directly owns 6,620 shares of the company’s stock, valued at approximately $496,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley D. Tilden sold 15,000 shares of Alaska Air Group stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $86.72, for a total transaction of $1,300,800.00. Following the sale, the chairman now directly owns 23,900 shares of the company’s stock, valued at $2,072,608. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. increased its stake in Alaska Air Group by 0.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 52,496 shares of the company’s stock valued at $4,658,000 after buying an additional 389 shares in the last quarter. Auxier Asset Management increased its stake in Alaska Air Group by 4.1% in the third quarter. Auxier Asset Management now owns 5,120 shares of the company’s stock valued at $337,000 after buying an additional 200 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Alaska Air Group by 13.6% in the third quarter. ETRADE Capital Management LLC now owns 9,892 shares of the company’s stock valued at $651,000 after buying an additional 1,183 shares in the last quarter. D.A. Davidson & CO. increased its stake in Alaska Air Group by 9.3% in the third quarter. D.A. Davidson & CO. now owns 73,580 shares of the company’s stock valued at $4,844,000 after buying an additional 6,237 shares in the last quarter. Finally, Brinker Capital Inc. acquired a new stake in Alaska Air Group during the third quarter valued at $716,000. 88.11% of the stock is owned by institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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