Alaska Air Group Inc. (NYSE: ALK) is -1.18% lower on its value in year-to-date trading and has touched a low of $30.75 and a high of $57.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALK stock was last observed hovering at around $37.36 in the last trading session, with the day’s gains setting it 1.25%.
Currently trading at $38.61, the stock is 2.47% and 4.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.25 million and changing 3.35% at the moment leaves the stock -5.04% off its SMA200. ALK registered -16.25% loss for a year compared to 6-month loss of -4.50%. The firm has a 50-day simple moving average (SMA 50) of $0.66 and a 200-day simple moving average (SMA200) of $16.54.
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The stock witnessed a 3.82% gain in the last 1 month and extending the period to 3 months gives it a 8.42%, and is 3.76% 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 3.16% over the week and 2.75% over the month.
Alaska Air Group Inc. (ALK) has around 26043 employees, a market worth around $4.87B and $10.43B in sales. Current P/E ratio is 21.35 and Fwd P/E is 6.39. Profit margin for the company is 2.25%. Distance from 52-week low is 25.56% and -32.48% from its 52-week high. The company has generated returns on investments over the last 12 months (3.17%).
Alaska Air Group Inc. quarterly earnings per share for the current quarter are estimated at -$1.18 with sales reaching $2.11B over the same period.The EPS is expected to shrink by -6.86% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.
Alaska Air Group Inc. (ALK) Top Institutional Holders
607 institutions hold shares in Alaska Air Group Inc. (ALK), with institutional investors hold 83.10% of the company’s shares. The shares outstanding are 126.09M, and float is at 125.56M with Short Float at 2.62%. Institutions hold 82.80% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 14.41 million shares valued at $766.51 million. The investor’s holdings represent 11.33% of the ALK Shares outstanding. As of Jun 29, 2023, the second largest holder is Victory Capital Management Inc. with 8.03 million shares valued at $426.99 million to account for 6.31% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.95 million shares representing 6.25% and valued at over $422.86 million, while Dimensional Fund Advisors LP holds 3.34% of the shares totaling 4.25 million with a market value of $225.76 million.
Alaska Air Group Inc. (ALK) Insider Activity
The most recent transaction is an insider sale by HARRISON ANDREW R,the company’sEVP AND CCO. SEC filings show that HARRISON ANDREW R sold 6,500 shares of the company’s common stock on Feb 28 ’24 at a price of $38.36 per share for a total of $0.25 million. Following the sale, the insider now owns 26048.0 shares.
Alaska Air Group Inc. disclosed in a document filed with the SEC on Dec 07 ’23 that MINICUCCI BENITO (CEO AND PRESIDENT) bought a total of 56 shares of the company’s common stock. The trade occurred on Dec 07 ’23 and was made at $36.27 per share for $2031.0. Following the transaction, the insider now directly holds 0.12 million shares of the ALK stock.
Still, SEC filings show that on Jun 08 ’23, MINICUCCI BENITO (CEO AND PRESIDENT) disposed off 5,000 shares at an average price of $48.73 for $0.24 million. The insider now directly holds 114,506 shares of Alaska Air Group Inc. (ALK).
