Are Analysts Bullish Alaska Air Group, Inc. (NYSE:ALK) After Last Week?

July 27, 2018 - By Margaret Guttierez

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.12, from 0.99 in 2017Q4. It is positive, as 70 investors sold Alaska Air Group, Inc. shares while 123 reduced holdings. 59 funds opened positions while 156 raised stakes. 110.73 million shares or 8.41% more from 102.14 million shares in 2017Q4 were reported.
Moreover, Birinyi Assocs Incorporated has 0.15% invested in Alaska Air Group, Inc. (NYSE:ALK). Atlantic Tru Lc reported 0% stake. The New York-based D E Shaw And Communications has invested 0.03% in Alaska Air Group, Inc. (NYSE:ALK). State Of New Jersey Common Pension Fund D holds 0.16% or 685,000 shares in its portfolio. Art Advisors Limited Liability holds 9,300 shares. 68,745 are held by Bb&T Corporation. Raymond James Associate reported 589,715 shares. Smead Capital Inc holds 1.23% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 409,529 shares. Numerixs Inv Tech stated it has 0.03% in Alaska Air Group, Inc. (NYSE:ALK). Barclays Plc stated it has 269,338 shares. Moreover, Texas Permanent School Fund has 0.03% invested in Alaska Air Group, Inc. (NYSE:ALK). Commonwealth Of Pennsylvania Public School Empls Retrmt stated it has 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). State Street has invested 0.02% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Hanson And Doremus Inv invested in 0% or 100 shares. Ameriprise, Minnesota-based fund reported 1.15 million shares.

Since February 16, 2018, it had 0 insider purchases, and 6 insider sales for $1.09 million activity. BECK GARY L had sold 7,880 shares worth $511,780 on Thursday, March 8. PEDERSEN BRANDON sold $175,879 worth of stock or 2,700 shares. 1,503 Alaska Air Group, Inc. (NYSE:ALK) shares with value of $97,695 were sold by LEVINE KYLE B. BERRY CHRISTOPHER MICHAEL sold 789 shares worth $52,020.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 9 analysts covering Alaska Air Group (NYSE:ALK), 3 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. Alaska Air Group had 18 analyst reports since January 30, 2018 according to SRatingsIntel. Imperial Capital maintained the stock with “Hold” rating in Tuesday, April 24 report. The rating was downgraded by JP Morgan to “Underweight” on Tuesday, January 30. The stock has “Overweight” rating by Morgan Stanley on Friday, February 23. As per Monday, July 16, the company rating was maintained by Barclays Capital. Imperial Capital maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Tuesday, April 17. Imperial Capital has “Hold” rating and $6800 target. Citigroup maintained it with “Neutral” rating and $70 target in Monday, April 16 report. The stock has “Buy” rating by Stifel Nicolaus on Monday, April 23. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Hold” rating by Imperial Capital on Friday, June 1. The rating was maintained by Cowen & Co with “Buy” on Friday, April 13. The firm has “Neutral” rating by Citigroup given on Monday, June 18. Below is a list of Alaska Air Group, Inc. (NYSE:ALK) latest ratings and price target changes.

16/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $80 New Target: $68 Maintain
12/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $80 New Target: $77 Maintain
18/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $68 Maintain
01/06/2018 Broker: Imperial Capital Rating: Hold New Target: $65.0000 Downgrade
29/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $73 New Target: $69 Maintain
24/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $79 New Target: $84 Maintain
24/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $70 New Target: $73 Maintain
24/04/2018 Broker: Imperial Capital Rating: Hold New Target: $71.0000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $110.0000 Maintain
17/04/2018 Broker: Imperial Capital Rating: Hold New Target: $68.0000 Maintain

The stock increased 9.56% or $5.65 during the last trading session, reaching $64.76. About 6.39 million shares traded or 207.10% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has declined 28.54% since July 27, 2017 and is downtrending. It has underperformed by 41.11% the S&P500.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $7.98 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 8.48 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

More important recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Seekingalpha.com which released: “Alaska Air: Fear Not The Oil Price” on July 06, 2018, also Benzinga.com published article titled: “Earnings Scheduled For July 26, 2018”, Seekingalpha.com published: “Alaska Air Group (ALK) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) was released by: Streetinsider.com and their article: “Alaska Air Group (ALK) June Traffic Increases 7.3%, Capacity Up 6.1%” with publication date: July 16, 2018.

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.