Breaking: Alaska Air Group (NYSE:ALK) Overweight Rating Reaffirmed by Analysts at Morgan Stanley Today; The Price Objective is Set to $102

July 17, 2017 - By Kurt Siggers

 Breaking: Alaska Air Group (NYSE:ALK) Overweight Rating Reaffirmed by Analysts at Morgan Stanley Today; The Price Objective is Set to $102

Investors sentiment decreased to 0.76 in Q4 2016. Its down 0.27, from 1.03 in 2016Q3. It turned negative, as 55 investors sold Alaska Air Group, Inc. shares while 181 reduced holdings. 60 funds opened positions while 120 raised stakes. 110.18 million shares or 3.64% more from 106.31 million shares in 2016Q3 were reported.

Bb&T Secs Llc, Virginia-based fund reported 4,514 shares. Jpmorgan Chase & invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Alps Advsr accumulated 0% or 6,671 shares. State Of New Jersey Common Pension Fund D reported 0.03% in Alaska Air Group, Inc. (NYSE:ALK). Los Angeles Management And Equity Research stated it has 0.02% in Alaska Air Group, Inc. (NYSE:ALK). 831,716 were reported by Edge Asset Management Incorporated. Pinebridge Invs Lp holds 0% or 600 shares in its portfolio. 1,504 were accumulated by Northwestern Mutual Wealth Management. Sg Americas Secs Llc holds 0.02% or 20,613 shares. South Dakota Investment Council holds 3,600 shares or 0.01% of its portfolio. Motco has invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Moreover, Tocqueville Asset Mgmt Lp has 0.01% invested in Alaska Air Group, Inc. (NYSE:ALK) for 7,520 shares. Bowling Portfolio Management Ltd Liability Com reported 34,018 shares. Ny State Teachers Retirement reported 208,743 shares or 0.05% of all its holdings. Fincl Engines Advisors Ltd accumulated 62,270 shares.

Since January 26, 2017, it had 0 insider buys, and 17 insider sales for $8.31 million activity. 10,291 shares were sold by KNIGHT JESSIE J JR, worth $1.01 million on Friday, February 10. $519,181 worth of Alaska Air Group, Inc. (NYSE:ALK) shares were sold by TILDEN BRADLEY D. The insider SPRAGUE JOSEPH A sold 7,000 shares worth $635,947. 500 shares were sold by BERRY CHRISTOPHER MICHAEL, worth $48,310 on Tuesday, February 14. Savitt Katherine J sold 1,831 shares worth $175,977. On Saturday, February 11 PEDERSEN BRANDON sold $192,191 worth of Alaska Air Group, Inc. (NYSE:ALK) or 1,972 shares. $475,000 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by MINICUCCI BENITO.

Alaska Air Group (NYSE:ALK) Rating Reaffirmed

They currently have a $102 target on Alaska Air Group (NYSE:ALK). The target price by Morgan Stanley would suggest a potential upside of 10.45 % from the company’s close price. This has been disclosed in analysts report on 17 July.

Investors sentiment decreased to 0.76 in Q4 2016. Its down 0.27, from 1.03 in 2016Q3. It turned negative, as 55 investors sold Alaska Air Group, Inc. shares while 181 reduced holdings. 60 funds opened positions while 120 raised stakes. 110.18 million shares or 3.64% more from 106.31 million shares in 2016Q3 were reported.

Bb&T Secs Llc, Virginia-based fund reported 4,514 shares. Jpmorgan Chase & invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Alps Advsr accumulated 0% or 6,671 shares. State Of New Jersey Common Pension Fund D reported 0.03% in Alaska Air Group, Inc. (NYSE:ALK). Los Angeles Management And Equity Research stated it has 0.02% in Alaska Air Group, Inc. (NYSE:ALK). 831,716 were reported by Edge Asset Management Incorporated. Pinebridge Invs Lp holds 0% or 600 shares in its portfolio. 1,504 were accumulated by Northwestern Mutual Wealth Management. Sg Americas Secs Llc holds 0.02% or 20,613 shares. South Dakota Investment Council holds 3,600 shares or 0.01% of its portfolio. Motco has invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Moreover, Tocqueville Asset Mgmt Lp has 0.01% invested in Alaska Air Group, Inc. (NYSE:ALK) for 7,520 shares. Bowling Portfolio Management Ltd Liability Com reported 34,018 shares. Ny State Teachers Retirement reported 208,743 shares or 0.05% of all its holdings. Fincl Engines Advisors Ltd accumulated 62,270 shares.

Since January 26, 2017, it had 0 insider buys, and 17 insider sales for $8.31 million activity. 10,291 shares were sold by KNIGHT JESSIE J JR, worth $1.01 million on Friday, February 10. $519,181 worth of Alaska Air Group, Inc. (NYSE:ALK) shares were sold by TILDEN BRADLEY D. The insider SPRAGUE JOSEPH A sold 7,000 shares worth $635,947. 500 shares were sold by BERRY CHRISTOPHER MICHAEL, worth $48,310 on Tuesday, February 14. Savitt Katherine J sold 1,831 shares worth $175,977. On Saturday, February 11 PEDERSEN BRANDON sold $192,191 worth of Alaska Air Group, Inc. (NYSE:ALK) or 1,972 shares. $475,000 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by MINICUCCI BENITO.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 13 analysts covering Alaska Air Group (NYSE:ALK), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Alaska Air Group has $145 highest and $9 lowest target. $100.70’s average target is 9.04% above currents $92.35 stock price. Alaska Air Group had 43 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by Imperial Capital with “In-Line” on Friday, September 23. Cowen & Co maintained it with “Outperform” rating and $103 target in Tuesday, June 20 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, August 18. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Market Perform” rating given on Wednesday, January 4 by Cowen & Co. Buckingham Research upgraded the shares of ALK in report on Thursday, October 13 to “Buy” rating. On Monday, May 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 10 report. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Neutral” rating by Citigroup on Friday, November 18. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Outperform” rating given on Monday, April 24 by Cowen & Co. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 23 report.

About 540,549 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since July 17, 2016 and is uptrending. It has outperformed by 12.63% the S&P500.

Wall Street await Alaska Air Group, Inc. (NYSE:ALK) to release earnings on July, 20. Analysts forecast earnings per share of $2.32, up exactly $0.20 or 9.43 % from 2014’s $2.12 EPS. The expected ALK’s profit could reach $283.28M giving the stock 9.95 P/E in the case that $2.32 earnings per share is reported. After posting $1.05 EPS for the previous quarter, Alaska Air Group, Inc.’s analysts now forecast 120.95 % EPS growth.

Alaska Air Group, Inc. is the holding firm of Alaska Airlines , Virgin America Inc., Horizon Air (Horizon) and other business units. The company has market cap of $11.28 billion. The Firm operates through three divisions: Mainline, Regional and Horizon. It has a 15.71 P/E ratio. The Company’s 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.

More notable recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Prnewswire.com which released: “Alaska Air Group reports June 2017 operational results” on July 10, 2017, also Prnewswire.com with their article: “Alaska Airlines Foundation gives over $160000 to nonprofits in Alaska and …” published on July 07, 2017, Seekingalpha.com published: “Alaska Air: Positioned For Growth” on June 20, 2017. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) were released by: Prnewswire.com and their article: “Horizon Air names new vice president of maintenance and engineering” published on July 03, 2017 as well as Thestreet.com‘s news article titled: “Could Alaska Air Escape the Share Price Doldrums That Are Holding Back the …” with publication date: June 23, 2017.

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