The Vanguard Group, Inc. has recently announced that it has increased stake in Alaska Air Group Inc. (NYSE:ALK) by 0.39%. After grabbing 14.09 million shares, the institutional investor is now in possession of 54614.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.00% having worth around $550.49 million. Moreover, BlackRock Fund Advisors increased its share by 42612.0 to have a control over 6.19 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.53 million shares by acquiring 4.78 million shares or 3.73% of the stake.
Alaska Air Group Inc. (ALK) concluded trading on Thursday at a closing price of $37.42, with 4.98 million shares of worth about $186.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.81% during that period and on Thursday, January 25 the price saw a gain of about 4.47%. Currently the company’s common shares owned by public are about 128.05M shares, out of which, 127.62M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 75 times over the past 12 months. They bought 100,557 shares in 41 of the transactions. In 34 selling transactions, insiders dumped 38,237 shares.
iShares Core S&P Small Cap ETF, Victory Sycamore Established Valu, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Alaska Air Group Inc. iShares Core S&P Small Cap ETF is currently holding 8.57 million shares of worth totaling $334.8 million. The company recently came selling 13744.0 shares which brought its stake up to 6.69% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 3.99 million shares, have now control over 3.12% of the stake in the company. It holds 3666.0 shares of worth $155.96 million.
However, the stock later moved at a day high price of 37.96, or with a gain of 4.47%. Stock saw a price change of 7.04% in past 5 days and over the past one month there was a price change of -8.01%. Year-to-date (YTD), ALK shares are showing a performance of -4.22% which decreased to -24.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.75 but also hit the highest price of $57.18 during that period. The average intraday trading volume for Alaska Air Group Inc. shares is 3.77 million. The stock is currently trading 1.53% above its 20-day simple moving average (SMA20), while that difference is up 0.80% for SMA50 and it goes to -10.14% lower than SMA200.
The Vanguard Group, Inc. acquired 14.09 million shares of Alaska Air Group Inc. having value of about $550.49 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 54614.0 shares in the company valued at close to $2043655.88, or have control over 0.39% stake in the company. Alaska Air Group Inc. (NYSE: ALK) currently have 128.05M outstanding shares and institutions hold larger chunk of about 78.33% of that. Holding of mutual funds in the company is about 23.30% while other institutional holders and individual stake holders have control over 55.15% and 0.97% of the stake respectively.
The stock has a current market capitalization of $4.79B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 20.74, while it has posted earnings per share of $1.80 in the same period. Its PEG reads 1.23 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALK, volatility over the week remained 2.87% while standing at 3.16% over the month.
Analysts are in expectations that Alaska Air Group Inc. (ALK) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is -$0.7 and it is $4.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.00% while it is estimated to increase by 27.28% in next year. EPS is likely to grow at an annualized rate of 16.84% for next 5-years, compared to annual growth of -12.29% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Susquehanna on January 10, 2024 offering a Neutral rating for the stock and assigned a target price range of between $39 and $40 to it.
