Alaska Air Group Inc. (NYSE: ALK) is 5.81% higher on its value in year-to-date trading and has touched a low of $30.75 and a high of $46.15 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 $41.64 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $41.34, the stock is 12.22% and 11.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -0.72% at the moment leaves the stock 6.01% off its SMA200. ALK registered 5.03% gain for a year compared to 6-month loss of 8.28%.
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The stock witnessed a 17.11% gain in the last 1 month and extending the period to 3 months gives it a 2.50%, and is 3.87% 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 2.91% over the week and 2.68% over the month.
Alaska Air Group Inc. (ALK) has around 26043 employees, a market worth around $5.22B and $10.52B in sales. Current P/E ratio is 23.94 and Fwd P/E is 7.11. Profit margin for the company is 2.14%. Distance from 52-week low is 34.44% and -10.42% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).
with sales reaching $2.92B over the same period.The EPS is expected to shrink by -1.05% this year, but quarterly earnings will post 5.20% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
Alaska Air Group Inc. (ALK) Top Institutional Holders
588.0 institutions hold shares in Alaska Air Group Inc. (ALK), with institutional investors hold 90.72% of the company’s shares. The shares outstanding are 126.09M, and float is at 125.62M with Short Float at 7.17%. Institutions hold 90.30% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.24 million shares valued at $655.94 million. The investor’s holdings represent 12.8889% of the ALK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.69 million shares valued at $553.25 million to account for 10.871 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.5 million shares representing 5.1636% and valued at over $262.79 million, while STATE STREET CORP holds 3.156 of the shares totaling 3.98 million with a market value of $160.62 million.
Alaska Air Group Inc. (ALK) Insider Activity
The most recent transaction is an insider sale by HARRISON ANDREW R, the company’s EVP 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.
