UBS Group downgraded shares of Alaska Air Group (NYSE:ALK) from a buy rating to a neutral rating in a research note issued to investors on Thursday, www.benzinga.com reports.
Several other brokerages have also recently issued reports on ALK. Imperial Capital lowered their price target on Alaska Air Group from $85.00 to $70.00 and set a line rating on the stock in a research report on Thursday, October 26th. Cowen lowered their price target on Alaska Air Group from $100.00 to $89.00 and set an outperform rating on the stock in a research report on Thursday, October 26th. Stifel Nicolaus lowered their price target on Alaska Air Group from $125.00 to $115.00 and set a buy rating on the stock in a research report on Thursday, October 26th. Morgan Stanley lifted their price target on Alaska Air Group from $83.00 to $91.00 and gave the company an overweight rating in a research report on Thursday, October 26th. Finally, Deutsche Bank lowered their price target on Alaska Air Group from $99.00 to $84.00 and set a buy rating on the stock in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Alaska Air Group currently has a consensus rating of Buy and a consensus target price of $87.68.
Shares of Alaska Air Group (ALK) opened at $64.97 on Thursday. Alaska Air Group has a 1 year low of $59.25 and a 1 year high of $101.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.78. The company has a market capitalization of $7,991.12, a P/E ratio of 7.85, a P/E/G ratio of 3.34 and a beta of 0.85.
Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. equities analysts anticipate that Alaska Air Group will post 5.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.97%. Alaska Air Group’s dividend payout ratio (DPR) is currently 14.49%.
In other news, VP Christopher Michael Berry sold 460 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was 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 directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Campbell sold 4,934 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at $656,064. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,934 shares of company stock valued at $415,518. Corporate insiders own 0.57% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Alaska Air Group during the 4th quarter worth $2,799,000. Westwood Holdings Group Inc. bought a new stake in shares of Alaska Air Group during the 4th quarter worth $24,791,000. Element Capital Management LLC bought a new stake in shares of Alaska Air Group during the 4th quarter worth $46,474,000. Macquarie Group Ltd. boosted its stake in shares of Alaska Air Group by 194.3% during the 4th quarter. Macquarie Group Ltd. now owns 43,550 shares of the transportation company’s stock worth $3,201,000 after acquiring an additional 28,750 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in shares of Alaska Air Group in the fourth quarter worth $278,000. 87.18% of the stock is owned by institutional investors and hedge funds.
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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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