Alaska Air (NYSE:ALK) Upgrade
Trading of Alaska Air (NYSE:ALK)’s shares is going to be interesting today. Buckingham Research raised the stock from a “Neutral” to a “Buy”.
Despite this stock rating upgrade NYSE:ALK is at the moment trading 0.00% lower at $70.43 as of 04:23 New York time. Alaska Air’s stock is down -14.55% over the past 200 days. It has underperformed the S&P500 Index, which has increased 4.02% over the same time.
According to data compiled by Thomson Reuters, Alaska Air (NYSE:ALK)’s stock is covered by 11 equity analysts across the Street, with 0 analysts giving it a Sell rating, 7 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $88.41, which reflects an upside potential of 25.53% over the current price.
NYSE:ALK Price Chart & Trend
The stock price of Alaska Air went down 14.55% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Alaska Air is up 8.99% and up 8%, respectively. Our stocks momentum model is shown on the price chart below.
Par Capital Management Inc had the largest stake with ownership of 4.55M shares as of Q2 2015 for 6.63% of the fund’s portfolio. Altimeter Capital Management Lp is another notably bullish investment manager who is owning 1.13M shares of Alaska Air or 5.38% of their fund’s portfolio. Also, Tanaka Capital Management Inc have 4.11% of their fund’s portfolio invested in the company for 25,720 shares. The New Jersey-based fund Credit Capital Investments Llc revealed it had purchased a stake worth about 3.9% of the investment manager’s stock portfolio in Alaska Air. The Indiana-based fund Horizon Investment Services Llc is also positive about the stock, possessing 97,200 shares or 2.8% of their fund’s portfolio.Over the last six months, Alaska Air NYSE:ALK has seen 0 insider buys, and 8 insider sales. The net result was for 8 transactions, worth $4.10 million.
Alaska Air (NYSE:ALK) Profile
Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business.
Alaska Air (NYSE:ALK) closed at $70.43 yesterday. A total of 3,356 shares of the company’s stock traded hands. This is down from average of 1.26M shares. Alaska Air has a 52 week low of $54.51 and a 52 week high of $87.17. The company has a market cap of $8.81B and a P/E ratio of 9.77.
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