Is Buying Alaska Air Group Incorporated (NYSE:ALK) Here Good Idea?

Lloyd Doyle
December 7, 2017

Vanguard Group Inc. boosted its position in shares of Alaska Air Group by 2.3% during the 2nd quarter. Alaska Air Group's dividend payout ratio is now 16.79%. 1,862,781 shares of the stock were exchanged, compared to its average volume of 1,490,028. Alaska Air Group, Inc. has a 12-month low of $61.10 and a 12-month high of $101.43. ALK's total short interest was 6.78M shares in December as published by FINRA. It has outperformed by 12.63% the S&P500. Following the completion of the transaction, the chairman now directly owns 148,646 shares in the company, valued at $12,579,910.98. The Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 29,090 shares with $2.59 million value, down from 59,140 last quarter. Buckeye Partners LP Unit Ltd Partnership now has $3.92 billion valuation. Corporate insiders own 0.57% of the company's stock. The company had a trading volume of 1,273,703 shares. (NYSE:ALK) has risen 29.33% since December 7, 2016 and is uptrending. It has underperformed by 22.69% the S&P500. Financial Engines Advisors L.L.C. now owns 43,883 shares of the transportation company's stock valued at $3,347,000 after buying an additional 1,650 shares in the last quarter. Alaska Air Group, Inc. has had 1 insider trades in the last 3 months, including 0 open market buys and 1 sells.

Shares of Alaska Air Group, Inc. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Alaska Air Group by 0.3% in the 2nd quarter. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.26 by ($0.02). Bb&T owns 98,233 shares. (NYSE:ALK). Capstone Inv Advsrs Lc stated it has 52,700 shares. Empirical Finance LLC boosted its position in shares of Alaska Air Group by 0.3% in the 2nd quarter. (NYSE:ALK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. State Of Tennessee Treasury Department invested in 139,055 shares. Alaska Air Group earned a daily sentiment score of 0.43 on Alpha One's scale. The company's revenue was up 35.4% compared to the same quarter last year. sell-side analysts forecast that Alaska Air Group, Inc. will post 6.77 EPS for the current fiscal year. (NYSE:ALK). Lombard Odier Asset (Switzerland) Sa, a Switzerland-based fund reported 8,882 shares. Tradewinds Cap Mgmt Ltd Llc holds 960 shares or 0.05% of its portfolio. Goodman Fin has invested 3.55% in Alaska Air Group, Inc.

A number of analysts recently weighed in on ALK shares. Alaska Air Group, Inc. (NYSE:ALK) for 38,963 shares. (ALK) worth $305.66 million at the end of the most recent reporting period. Quantbot Technologies LP acquired a new position in Alaska Air Group in the third quarter valued at about $2,751,000. (NYSE:GPN) for 5,444 shares. Quantitative Systematic Strategies Limited Liability Company holds 30,076 shares.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh increased Aes Corp (NYSE:AES) stake by 115,918 shares to 319,933 valued at $3.56M in 2017Q2.

Since June 8, 2017, it had 0 buys, and 1 sale for $576,696 activity. Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, April 26th. Therefore 60% are positive. Alaska Air Group's dividend payout ratio (DPR) is presently 19.26%. Stifel Nicolaus has "Buy" rating and $145 target. Bank of America dropped their target price on Alaska Air Group from $100.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, October 13th. (NYSE:ALK) on Tuesday, June 13. The rating was upgraded by Stifel Nicolaus to "Buy" on Monday, March 20. (NYSE:ALK) has seen its stock price gain 20.45, or -23.05%, so far in 2017. On Tuesday, January 10 the stock rating was upgraded by Bank of America to "Buy". The company was maintained on Monday, August 7 by Cowen & Co. The company was maintained on Monday, October 16 by Cowen & Co. The stock has "Hold" rating by Evercore on Tuesday, October 13. The stock has "Overweight" rating by Morgan Stanley on Thursday, October 26. As per Thursday, February 9, the company rating was maintained by Cowen & Co. It also upped Arconic Inc stake by 227,104 shares and now owns 326,633 shares. Dolby Laboratories Inc (NYSE:DLB) was raised too.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.06, from 1.05 in 2017Q1. 58 funds opened positions while 244 raised stakes. 147.59 million shares or 1.36% less from 149.63 million shares in 2017Q1 were reported. Mizuho maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Sunday, November 5. (NYSE:GPN). Farmers Merchants Invs has invested 0% in Global Payments Inc. Colony Ltd invested in 9,152 shares. Argyll Rech Ltd Llc accumulated 11.92M shares or 72.4% of the stock. Livforsakringsbolaget Skandia Omsesidigt reported 56,968 shares or 0.47% of all its holdings. (NYSE:GPN). Gemmer Asset Management reported 328 shares. Next Fin Group Incorporated accumulated 640 shares. Rhumbline Advisers accumulated 235,250 shares. Fulton Bank & Trust Na owns 0.04% invested in Global Payments Inc. Therefore 81% are positive. Buckeye Partners had 43 analyst reports since August 4, 2015 according to SRatingsIntel. Three months ago, analysts assigned ALK a 4.60 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.

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