There has been some selling insider activity on Alaska Air Group, Inc. Common S (NYSE:ALK) recently. Joseph A. Sprague, Sr VP reported the sale of 7,000 shares of ALK stock. The shares were purchased at an average price of $91.26. The Sr VP now owns $610,621 of the stock per the Form 4 SEC filing. Bradley D. Tilden, Chairman sold $395,552 worth of shares at an average price of $84.16 on Wed the 17th. That brings Tilden’s holdings to $12,114,495 as recorded in a recent Form 4 SEC filing.
Chairman Bradley D. Tilden let go of 5,600 shares at an average price of $90.83 on Wed the 5th. That brings the Chairman’s holdings to $13,256,275 as reported to the SEC.
Alaska Air Group, Inc., launched on March 15, 1985, is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. 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. Its Regional segment includes Horizon’s and other third-party carriers’ scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska pursuant to a CPA..
Here are some other firms who have updated their holdings. Piedmont Investment Advisors LLC augmented its ownership by buying 7,607 shares an increase of 2,161.1% from 12/31/2016 to 03/31/2017. Piedmont Investment Advisors LLC currently owns 7,959 shares worth $734,000. The total value of its holdings increased 2,267.7%. As of the end of the quarter Proficio Capital Partners LLC had sold 68 shares trimming its stake by 21.9%. The value of the total investment in Alaska Air Group, Inc. Common S decreased from $28,000 to $21,000 a change of 25.0% quarter over quarter.
As of quarter end Bristlecone Advisors, LLC had acquired a total of 540 shares growing its position 18.6%. The value of the investment in (ALK) went from $258,000 to $318,000 increasing 23.3% for the reporting period. As of quarter end Morgan Stanley had sold 529 shares trimming its holdings by 52.6%. The value of the investment in ALK decreased from $89,000 to $44,000 a change of $45,000 quarter to quarter.
Equity analyst Citigroup started coverage with an initial rating of “Neutral”. On October 13 the company was upgraded to “Buy” from “Buy” in a report from Buckingham Research.
On July 27, 2016 the stock rating was set at “Overweight” in a report from JP Morgan a boost from the previous “Neutral” rating. On July 25 the company was rated “” according to a Credit Suisse report which was a boost from the previous “Neutral” rating.
On June 14 the stock rating was downgraded from “Strong Buy” to “Outperform” by analysts at Raymond James. On May 16 analysts at Cowen & Company released its first research report on the stock giving it an initial rating of “Outperform”.
The company is now down by -0.67 percent from yesterday’s close. Alaska Air Group, Inc. Common S recently declared a dividend paid on Thursday June 8th, 2017. The dividend payment was $0.300 per share for the quarter which comes to $1.20 on an annualized basis. This dividend represents a yeild of $1.35 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 19th of May 2017.
Company chares are trading at $89.93 a tad higher than $86.39, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $90.34. The 50 day moving average was up $3.54 or +4.10% whereas the 200 day moving average was down $-0.41 or -0.46%.
The P/E ratio is 15.32 and market cap is 11.12B. In the latest earnings report the EPS was $5.87 and is expected to be $7.93 for the current year with 123,603,000 shares outstanding. Next quarter’s EPS is forecasted at $2.69 and the next full year EPS is projected to be $8.57.