It is currently trading at $94.63 just above $87.76, the 50 day moving average and barely above the 200 day moving average of $90.92. The 50 day moving average was up $6.87 whereas the 200 day average was up by +4.08%. 1,175K shares changed hands by the end of trading on Thursday. Overall, volume was up 1.75% over the stocks normal daily volume.
Alaska Air Group, Inc. (NYSE:ALK) has been the object of insider selling activity recently. Joseph A. Sprague, Sr VP disclosed the sale of 7,000 shares. The shares were purchased at an average price of $91.26. Sprague now owns $610,621 of the stock per the Form 4 SEC filing. Chairman Bradley D. Tilden sold 4,700 shares at an average price of $84.16 on May 17th. That brings Tilden’s holdings to $12,114,495 per an SEC filing yesterday.
Chairman Bradley D. Tilden disclosed the sale of 5,600 shares of (ALK). The shares were sold on April 5th for an average price of $90.83. The Chairman now owns $13,256,275 of the stock according to the SEC filing.
Here are some other firms who have updated their holdings. Piedmont Investment Advisors LLC expanded 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 value of the position overall is up by 2,267.7%. Proficio Capital Partners LLC reduced its holdings by selling 68 shares a decrease of 21.9% in the quarter. Proficio Capital Partners LLC now holds 243 shares with a value of $21,000. The total value of its holdings decreased 25.0%.
As of quarter end Bristlecone Advisors, LLC had bought 540 shares growing its holdings by 18.6%. The value of the total investment in Alaska Air Group, Inc. went from $258,000 to $318,000 increasing 23.3% quarter to quarter. Morgan Stanley cut its stake by shedding 529 shares a decrease of 52.6% as of 03/31/2017. Morgan Stanley owns 477 shares valued at $44,000. The total value of its holdings decreased 50.6%.
Citigroup began coverage of ALK setting a rating of “Neutral”. On October 13 the company was rated “Buy” in a report from Buckingham Research a boost from the previous “Buy” rating.
On July 27 the company was upgraded to “Overweight” from “Neutral” in an announcement from JP Morgan. On July 25, 2016 the stock rating was changed to a “” according to a Credit Suisse report which is up from the previous “Neutral” rating.
On June 14, 2016 the stock rating was set at “Outperform” by Raymond James which was a cut from the previous “Strong Buy” rating. On May 16 analysts at Cowen & Company began coverage with a rating of “Outperform”.
The company is now up from yesterday’s close of $91.57. Alaska Air Group, Inc. also announced a dividend which was paid on Thursday the 8th of June 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 $1.29 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Friday the 19th of May 2017.
The most current P/E ratio is 16.12 and the market cap is 11.70B. In the latest earnings report the EPS was $5.87 and is projected to be $8.10 for the current year with 123,603,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $2.74 with next year’s EPS projected to be $8.76.
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..