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Alaska Air Group Inc. (ALK) Volatility At 2.38%, Should You Add A Position?

684 institutions hold shares in Alaska Air Group Inc. (ALK), with 520.17k shares held by insiders accounting for 0.42% while institutional investors hold 81.00% of the company’s shares. The shares outstanding are 124.03M, and float is at 123.04M with Short Float at 1.80%. Institutions hold 80.66% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 12.64 million shares valued at $657.38 million. The investor’s holdings represent 10.16% of the ALK Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 9.25 million shares valued at $480.87 million to account for 7.43% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 9.16 million shares representing 7.37% and valued at over $476.5 million, while Primecap Management Company holds 4.15% of the shares totaling 5.17 million with a market value of $268.59 million.

Alaska Air Group Inc. (NYSE: ALK) is 31.87% higher on its value in year-to-date trading and has touched a low of $23.39 and a high of $74.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALK stock was last observed hovering at around $68.65 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $85.00 for the next 12 months. It is also 34.07% off the consensus price target high of $104.00 offered by 14 analysts, but current levels are -0.84% lower than the price target low of $68.00 for the same period.

Currently trading at $68.57, the stock is -2.04% and 0.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.12% at the moment leaves the stock 37.33% off its SMA200. ALK registered 101.68% gain for a year compared to 6-month gain of 83.00%. The firm has a 50-day simple moving average (SMA 50) of $69.53 and a 200-day simple moving average (SMA200) of $55.57.

The stock witnessed a -1.96% loss in the last 1 month and extending the period to 3 months gives it a 35.33%, and is 2.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 3.13% over the month.

Alaska Air Group Inc. (ALK) has around 19357 employees, a market worth around $8.25B and $2.73B in sales. Fwd P/E is 13.98. Profit margin for the company is -25.50%. Distance from 52-week low is 193.16% and -7.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.80%).

Alaska Air Group Inc. (ALK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alaska Air Group Inc. (ALK) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alaska Air Group Inc. is expected to release its quarterly report on 07/29/2021 and quarterly earnings per share for the current quarter are estimated at -$0.98 with sales reaching $1.47B over the same period.The EPS is expected to shrink by -273.30% this year, but quarterly earnings will post 75.40% year-over-year. Quarterly sales are estimated to grow 248.50% in year-over-year returns.

Alaska Air Group Inc. (ALK) Insider Activity

A total of 65 insider transactions have happened at Alaska Air Group Inc. (ALK) in the last six months, with sales accounting for 34 and purchases happening 31 times. The most recent transaction is an insider sale by TILDEN BRADLEY D, the company’s CHAIRMAN, PRESIDENT AND CEO. SEC filings show that TILDEN BRADLEY D sold 33,796 shares of the company’s common stock on Apr 23 at a price of $69.12 per share for a total of $2.34 million. Following the sale, the insider now owns 0.16 million shares.

Alaska Air Group Inc. disclosed in a document filed with the SEC on Mar 25 that MINICUCCI BENITO (PRESIDENT,ALASKA AIRLINES) sold a total of 14,402 shares of the company’s common stock. The trade occurred on Mar 25 and was made at $66.82 per share for $0.96 million. Following the transaction, the insider now directly holds 91909.0 shares of the ALK stock.

Still, SEC filings show that on Mar 12, TILDEN BRADLEY D (CHAIRMAN, PRESIDENT AND CEO) disposed off 23,360 shares at an average price of $66.82 for $1.56 million. The insider now directly holds 157,793 shares of Alaska Air Group Inc. (ALK).

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Alaska Air Group Inc. (ALK): Who are the competitors?

The company’s main competitors (and peers) include Delta Air Lines Inc. (DAL) that is trading 69.77% up over the past 12 months. Hawaiian Holdings Inc. (HA) is 58.53% up on the 1-year trading charts. Short interest in the company’s stock has risen 16.92% from the last report on Apr 14, 2021 to stand at a total of 2.21 million short shares sold with a short interest ratio of 1.27.

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