Alaska Air Group (ALK) Scheduled to Post Quarterly Earnings on Thursday

Alaska Air Group (NYSE:ALK – Get Rating) will release its earnings data before the market opens on Thursday, January 26th. Analysts expect Alaska Air Group to post earnings of $0.88 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Alaska Air Group Trading Down 0.7 %

NYSE ALK traded down $0.37 on Tuesday, reaching $49.73. The company had a trading volume of 1,182,482 shares, compared to its average volume of 1,398,309. The stock’s 50 day moving average is $45.83 and its 200-day moving average is $44.52. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 124.33 and a beta of 1.43. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. Alaska Air Group has a 52 week low of $38.19 and a 52 week high of $61.55.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Alaska Air Group by 416.4% during the first quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after buying an additional 458 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Alaska Air Group by 19.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,811 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 300 shares during the last quarter. CENTRAL TRUST Co boosted its position in Alaska Air Group by 19.5% during the third quarter. CENTRAL TRUST Co now owns 2,141 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 350 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Alaska Air Group during the first quarter valued at approximately $201,000. Finally, Forum Financial Management LP acquired a new position in Alaska Air Group during the first quarter valued at approximately $202,000. 77.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ALK. The Goldman Sachs Group initiated coverage on Alaska Air Group in a report on Friday, December 16th. They issued a “buy” rating and a $60.00 price objective for the company. StockNews.com downgraded Alaska Air Group from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Barclays increased their price target on Alaska Air Group from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 11th. Raymond James increased their price target on Alaska Air Group from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 5th. Finally, Cowen lowered their price target on Alaska Air Group from $85.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 21st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.75.

Alaska Air Group Company Profile

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Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.