Alaska Air Group Sees Unusually High Options Volume (NYSE:ALK)

Alaska Air Group, Inc. (NYSE:ALKGet Free Report) saw some unusual options trading activity on Tuesday. Stock traders bought 7,695 put options on the company. This represents an increase of 286% compared to the typical volume of 1,991 put options.

Alaska Air Group Trading Down 2.0 %

NYSE ALK opened at $37.39 on Wednesday. The firm has a market cap of $4.74 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.51 and a beta of 1.60. Alaska Air Group has a 1-year low of $30.75 and a 1-year high of $57.18. The stock has a 50-day moving average of $41.69 and a 200-day moving average of $39.91. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.

Alaska Air Group (NYSE:ALKGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.62) EPS. As a group, sell-side analysts forecast that Alaska Air Group will post 4.74 EPS for the current year.

Analyst Upgrades and Downgrades

ALK has been the topic of a number of recent analyst reports. Bank of America increased their price objective on Alaska Air Group from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. StockNews.com raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday, April 19th. UBS Group initiated coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price target for the company. Susquehanna lifted their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Finally, TD Cowen upped their target price on shares of Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $56.60.

View Our Latest Research Report on ALK

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALK. Deutsche Bank AG raised its holdings in shares of Alaska Air Group by 63.4% during the third quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock valued at $13,594,000 after acquiring an additional 142,310 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Alaska Air Group by 27.7% in the 3rd quarter. American Century Companies Inc. now owns 147,421 shares of the transportation company’s stock worth $5,466,000 after purchasing an additional 32,019 shares during the period. Wellington Management Group LLP boosted its stake in shares of Alaska Air Group by 16.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after purchasing an additional 358,749 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Alaska Air Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 14,461,295 shares of the transportation company’s stock valued at $536,225,000 after buying an additional 47,871 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in Alaska Air Group by 215.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the transportation company’s stock worth $30,000 after buying an additional 520 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

(Get Free Report)

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

Further Reading

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