Alaska Air Group (NYSE:ALK) Loses Overweight Rating

Mae Love
November 14, 2017

The company has market cap of $12.24 million. The stock decreased 0.58% or $0.52 on November 10, reaching $89.46. The stock's average target of $61.50 is -26.44% below today's ($83.6) share price. It has underperformed by 14.18% the S&P500. About shares traded. Alaska Air Group, Inc. Hartline Investment Corp bought 21,119 shares as the company's stock declined 12.45% while stock markets rallied. A 11 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of ALK or, if they already own its stock, sell it. Shareholders of record on Tuesday, November 21st will be paid a $0.30 dividend. The total number of shares traded in the last 12 months is 345,135. It has outperformed by 12.63% the S&P500. Alaska Air Group's dividend payout ratio is presently 19.26%. With 1.48 million avg volume, 5 days are for Alaska Air Group Incorporated (NYSE:ALK)'s short sellers to cover ALK's short positions.

More notable recent Alaska Air Group, Inc. Ameritas Invest Partners owns 555 shares.

Alaska Air Group, Inc. has a 52 week low of $61.36 and a 52 week high of $101.43. Therefore 60% are positive. Five analysts have made estimates for Alaska Air Group's earnings. The rating was maintained by Cowen & Co with "Outperform" on Friday, December 4. The stock has "Overweight" rating by Morgan Stanley on Monday, September 18. Cowen & Co maintained Alaska Air Group, Inc. Two analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Stifel Nicolaus maintained Alaska Air Group, Inc. As per Thursday, October 26, the company rating was maintained by Deutsche Bank. Stifel Nicolaus has "Buy" rating and $14500 target. Imperial Capital initiated Alaska Air Group, Inc. Commerzbank Aktiengesellschaft FI now owns 16,836 shares of the transportation company's stock valued at $1,284,000 after buying an additional 11,237 shares during the last quarter. As per Thursday, January 7, the company rating was downgraded by Credit Suisse. 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. The rating was upgraded by Buckingham Research on Thursday, October 13 to "Buy".

Investors sentiment increased to 1.15 in Q2 2017. The lowest EPS estimate is $0.89 and the highest is $1.14. It is positive, as 51 investors sold ALK shares while 150 reduced holdings.

The most recent non open market insider trade was completed by CAMPBELL DAVID L on 08/11/2017, and was a disposition of 804 shares with a final price of $84.47. Stephens Incorporated Ar holds 0.02% in Alaska Air Group, Inc. (NYSE:ALK). E&G Limited Partnership holds 0.15% or 3,400 shares in its portfolio. Td Asset Inc has 328,414 shares for 0.05% of their portfolio. (NYSE:ALK). Etrade Cap Management Limited Liability owns 10,620 shares or 0.04% of their U.S. portfolio. (NYSE:ALK) has seen its stock price gain 26.31, or -29.65%, so far in 2017. Ajo Limited Partnership, Pennsylvania-based fund reported 204,743 shares. Sector Pension Invest Board has 0.01% invested in Alaska Air Group, Inc. Neuberger Berman Gp Lc has invested 0.08% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 42,233 shares.

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The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 11.83 million shares, PRICE T ROWE ASSOCIATES INC /MD/ with 11.45 million shares, BLACKROCK INC. with 6.77 million shares, PRIMECAP MANAGEMENT CO/CA/ with 6.04 million shares, and EGERTON CAPITAL (UK) LLP with 4.48 million shares. ALK's SI was 6.78M shares in November as released by FINRA. Cibc World Mkts Corporation has 0.02% invested in Alaska Air Group, Inc. (ALK) has a market cap of $7.59 billion and over the last 12 months, Alaska Air Group, Inc. (NYSE:ALK). Sequoia Advsrs Ltd stated it has 47,048 shares or 0.52% of all its holdings.

Since May 17, 2017, it had 0 insider buys, and 2 sales for $1.21 million activity. (NYSE:ALK) was sold by TILDEN BRADLEY D on Tuesday, June 13. It also increased its holding in Telus Corp.

There are 608 institutional holders with active positions, accounting for 110.97 million shares in total. Alaska Air Group had 65 analyst reports since July 24, 2015 according to SRatingsIntel. Mizuho maintained Tilly's Inc (NYSE:TLYS) on Wednesday, February 1 with "Neutral" rating. Imperial Capital maintained the shares of ALK in report on Friday, March 31 with "In-Line" rating. Morgan Stanley has "Overweight" rating and $91 target. As per Monday, December 7, the company rating was maintained by Telsey Advisory Group. The firm earned "Mkt Perform" rating on Friday, February 24 by Keefe Bruyette & Woods. On Wednesday, November 1 the stock rating was downgraded by J.P. Morgan to "Hold".

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. TLYS's profit would be $6.05M giving it 14.61 P/E if the $0.21 EPS is correct.

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