The analysts at StockNews.com started providing coverage of Alaska Air Group in a report that was made available for public consumption on Thursday (NYSE: ALK).
The brokerage firm’s advice regarding the transportation company’s stock was to “keep” it in one’s portfolio.
The most recent quarterly earnings report for Alaska Air Group, traded on the NYSE under the symbol “ALK,” was made public on January 26.
The report was for the company’s fourth quarter of 2018.
The transportation company reported earnings per share of $0.92 for the quarter, which is $0.02 higher than the consensus estimate of $0.90 per share for the quarter’s earnings.
The net margin for Alaska Air Group was 0.60 percent, and the return on equity for the company was 14.75 percent.
The revenue for the quarter came in at $2.48 billion, significantly lower than the $2.51 billion analysts had anticipated for the period. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $0.24.
The sales of Alaska Aviation Group increased by 30.5% compared to the same quarter of the previous year.
Professionals in the field of market research predict that Alaska Air Group will earn $5.99 per share in the current fiscal year.
ALK shares started the trading session on Thursday at $40.38 per share.
The debt-to-equity ratio is 0.86, the current ratio is 0.68, and the quick ratio is 0.65.
All of these numbers are relative to one another.
A year ago, Alaska Air Group reached its all-time high of $61.55, while the company hit its all-time low of $38.19 in the same period.
The company’s stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 93.91, a price-to-earnings-to-growth ratio of 0.40, and a beta of 1.54.
The moving average for the company over the past 50 days is $49.95, and the moving average over the last 200 days is $45.68.
In addition, ALK has been discussed in reports compiled by several other brokerages. Wolfe Research has downgraded Alaska Air Group from an “outperform” rating to a “peer perform” rating in a research report made available to the public on Friday, January 27.
In a research note distributed on Friday, December 16, Goldman Sachs Group initiated coverage of Alaska Air Group.
They anticipate that the company’s share price will reach $60.00.
This information was included in the note.
In a research note published on January 5, Raymond James raised their price objective for Alaska Air Group from $58.00 to $60.00 and rated the company “outperform.” In a research report released on Friday, March 10, Barclays increased their price target on Alaska Air Group from $54.00 to $62.00 and rated the company as “overweight.” Barclays also assigned a rating of “overweight” to Alaska Air Group. Citigroup gave Alaska Air Group a “buy” rating in a research report published on Tuesday, January 31.
Additionally, the firm raised its price objective for the company from $57.50 to $58.50.
Both of these changes came as part of the same report.
The company’s stock was the subject of both amendments to the agreement.
Twelve analysts have given a buy rating to the stock, while only two have given it a hold recommendation.
The company currently has a consensus rating of “Moderate Buy,” It has an average target price of $65.05, as reported by Bloomberg.
In related news, on March 9, Alaska Air Group director J. Kenneth Thompson sold 3,500 of his company stock shares.
This is just one of the many events that have happened in recent times.
It was determined that the company made a total profit of $170,030.00 from the sale of the shares purchased at an average price of $48.58 per share.
Because of the transaction, the director now owns 29,907 shares of the company, which have a combined value of $1,452,882.06. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction.
According to other news concerning the company, on Thursday, March 9, Alaska Air Group director J. Kenneth Thompson sold 3,500 shares of the firm’s stock.
This information was reported in another piece of news about the company.
It was determined that the company made a total profit of $170,030.00 from the sale of the shares purchased at an average price of $48.58 per share.
As a direct consequence of the transaction, the director now owns 29,907 company shares, which have a total value of approximately $1,452,808.06.
An SEC document that can be accessed through the SEC website provides a comprehensive explanation of the transaction, which can be read there.
In other news, Senior Vice President of Operations Andrea L. Schneider sold 1,596 shares of the company’s stock on Friday, January 27.
These stocks were sold for a total of $81,092.76 when they were sold, which is equivalent to an average price of $50.81 per share.
According to the price of the company’s stock on the market, the 15,747 shares belonging to the senior vice president have a value of approximately 800,105.07 dollars.
Disclosures related to the sale might be found in this website section. Corporate insiders are responsible for 0.40 percent of the outstanding shares.
Over the past few months, a number of hedge funds have increased the percentage of their holdings that are invested in the company.
During the final three months of 2018, the State of Michigan Retirement System increased the amount of Alaska Air Group stock owned by 0.6%.
The State of Michigan Retirement System now has 34,462 shares in the transportation company after purchasing an additional 200 shares during the most recent quarter for a total investment of 34,462.
The current value of these shares, when traded on the market, is $1,482,000. Coombe Bender & Co LLC increased the proportion of Alaska Air Group stock owned by 0.4% during the third quarter.
During the most recent quarter, Coombe Bender & Co LLC increased its holdings in the stock of the transportation business by 222 shares, bringing its total holdings of the company’s stock to 56,208 shares with a value of $2,201,000.
During the fourth quarter, McIlrath & Eck LLC increased the percentage of Alaska Air Group stock owned by 12.2%.
McIlrath & Eck LLC now directly owns 2,149 shares of the company, which have a value of $92,000, as a result of the purchase of 234 additional shares in the transportation company during the most recent quarter.
The transaction took place during the most recent quarter.
The stock holdings of Alaska Air Group that were under management by Daiwa Securities Group INC increased by 13.7% over the fourth quarter. Following the acquisition of an additional 250 shares during the most recent quarter, Daiwa Securities Group INC now holds 2,077 shares of the transportation company’s stock.
Each share of this company’s stock is currently valued at $89,000, and the company’s total holdings are worth $89,000.
And finally, during the second quarter, Cibc Global Market INC increased its stake in Alaska Air Group by purchasing an additional 0.6% of its shares.
After purchasing an additional 292 shares during the most recent quarter, Cibc Global Market INC now has a total of 50,116 shares of the transportation company’s stock, which gives it a value of $2,007,000.
These shares were acquired during the most recent quarter.
A total of 77.04% of the company’s shares are held in collective ownership by hedge funds and other institutional investors.