Health Care

" "JP Morgan Downgrades Rating On Alaska Air Group, Inc. (ALK) To "

Alaska Air Group, Inc. shares had a trading volume of 2,470K on Tuesday. (NYSE:ALK) by 70.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. State of New Jersey Common Pension Fund D boosted its holdings in shares of Alaska Air Group by 900.0% in the 2nd quarter. The Beta for the stock stands at 1.03. During the same quarter a year ago, the business posted $2.20 earnings per share. Parametrica Management Ltd trimmed its holdings by shedding 1,168 shares a decrease of 17.3% in the quarter. The value of the investment in (ALK) went from $298,000 to $269,000 a change of $29,000 since the last quarter.

A number of equities research analysts have weighed in on the company. On September 18 Morgan Stanley kept the company rating at "Neutral" and moved down the price target from $96.00 to $87.00. On September 18 Citigroup left the stock rating at "Neutral" and moved up the price target to $87.00 from $81.00. Barclays PLC cut their price objective on Alaska Air Group from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, October 26th.

On October 26 Morgan Stanley held the stock rating at "Buy" but lowered the price target to $84.00 from $87.00. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in ALK's price.

Alaska Air Group is pulling its regional carrier Horizon Air out of the state of Alaska and closing its base in Anchorage, saying the operation is too costly. "(ALK)" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and global trademark and copyright law. The legal version of this news story can be viewed at https://www.truebluetribune.com/2017/11/01/ahl-partners-llp-trims-stake-in-alaska-air-group-inc-alk.html.

Alaska Air Group, Inc. has a 52 week low of $64.71 and a 52 week high of $101.43. The stock was sold at an average price of $85.83, for a total value of $205,992.00. The stock has a 50-day moving average price of $76.17 and a 200-day moving average price of $83.19.

Investors and Traders continue to monitor technical levels of shares of Alaska Air Group, Inc.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, October 25th. In the latest earnings report the EPS was $6.15 and is estimated to be $6.90 for the current year with 123,525,000 shares now outstanding. The average estimate of Wall Street analysts had projected 2.26. Alaska Air Group's dividend payout ratio is now 15.41%. The business's revenue was up 35.4% compared to the same quarter a year ago. Short interest increased from 4,543,778 to 7,140,093 over that period. The company also recently announced a dividend paid on Thursday the 7th of September 2017. The ex-dividend date is Thursday, November 10th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 2,350 shares of Alaska Air Group stock in a transaction on Monday, August 7th. Following the sale, the senior vice president now owns 6,620 shares in the company, valued at approximately $496,500. Company insiders own 0.57% of the company's stock. Over the last three months, the shares of the company have changed -22.90% and performed -23.75% over the last six months.



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