Connect with us

Alaska

Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of “Moderate Buy” by Analysts

Published

on

Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of “Moderate Buy” by Analysts



Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.60.

ALK has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. TD Cowen raised their price objective on shares of Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. UBS Group assumed coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $54.00 target price on the stock. Evercore ISI raised their target price on Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Bank of America lifted their price target on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, April 19th.

View Our Latest Analysis on ALK

Advertisement

Alaska Air Group Stock Down 0.4 %

Shares of ALK stock opened at $41.18 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.65. The business’s fifty day moving average is $42.60 and its 200-day moving average is $39.77. Alaska Air Group has a 1 year low of $30.75 and a 1 year high of $57.18. The stock has a market cap of $5.23 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.61.

Alaska Air Group (NYSE:ALK – Get Free Report) last released its earnings results on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.17. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.62) earnings per share. Equities analysts expect that Alaska Air Group will post 4.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds have recently added to or reduced their stakes in ALK. Vanguard Group Inc. increased its stake in shares of Alaska Air Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 14,461,295 shares of the transportation company’s stock worth $536,225,000 after purchasing an additional 47,871 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alaska Air Group by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,439,909 shares of the transportation company’s stock worth $212,543,000 after purchasing an additional 660,455 shares in the last quarter. Boston Partners increased its position in Alaska Air Group by 4.1% during the first quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after buying an additional 155,403 shares during the last quarter. Wellington Management Group LLP raised its holdings in Alaska Air Group by 16.3% during the third quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after buying an additional 358,749 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of Alaska Air Group by 22.4% in the fourth quarter. U S Global Investors Inc. now owns 1,387,734 shares of the transportation company’s stock worth $54,219,000 after buying an additional 253,984 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Company Profile

(Get Free Report

Advertisement

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.

See Also

Analyst Recommendations for Alaska Air Group (NYSE:ALK)



Receive News & Ratings for Alaska Air Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alaska Air Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Advertisement



Source link

Alaska

Musician performs under the aurora in Nenana — without gloves, in 17 degrees

Published

on

Musician performs under the aurora in Nenana — without gloves, in 17 degrees


ANCHORAGE, Alaska (KTUU) – A musician with Alaska Native roots recorded an hour-long live set in Interior Alaska beneath the aurora.

Chastity Ashley, a drummer, vocalist and DJ who performs under the name Neon Pony, celebrated a year since she traveled to Nenana to record a live music set beneath the northern lights for her series Beats and Hidden Retreats.

Ashley, who has Indigenous roots in New Mexico, said she was drawn to Alaska in part because of the role drums play in Alaska Native culture. A handmade Alaskan hand drum, brought to her by a man from just outside Anchorage, was incorporated into the performance in February 2025.

Recording in the cold

The team spent eight days in Nenana waiting for the aurora to appear. Ashley said the lights did not come out until around 4 a.m., and she performed a continuous, uninterrupted hour-long set in 17-degree weather without gloves.

Advertisement

“It was freezing. I couldn’t wear gloves because I’m actually playing, yeah, hand drums and holding drumsticks. And there was ice underneath my feet,” Ashley said.

“So, I had to really utilize my balance and my willpower and my ability to just really immerse in the music and let go and make it about the celebration of what I was doing as opposed to worrying about all the other elements or what could go wrong.”

She said she performed in a leotard to allow full range of motion while drumming, DJing and singing.

Filming on Nenana tribal land

Ashley said she did not initially know the filming location was on indigenous land. After local authorities told her the decision was not theirs to make, she contacted the Nenana tribe directly for permission.

“I went into it kind of starting to tell them who I was and that I too was a part of a native background,” Ashley said. “And they just did not even care. They’re like, listen, we’re about to have a party for one of our friends here. Go and do what you like.”

Advertisement

Ashley said the tribe gave her full permission to film on the reservation, and that the aurora footage seen in the episode was captured there.

Seeing the aurora for the first time

Ashley said the Nenana performance marked her first time seeing the northern lights in person.

“It felt as if I were awake in a dream,” she said. “It really doesn’t seem real.”

She said she felt humbled and blessed to perform beneath the aurora and to celebrate its beauty and grandeur through her music.

“I feel incredibly humbled and blessed that not only did I get to take part in seeing something like that, but to play underneath it and celebrate its beauty and its grandeur.”

Advertisement

The Alaska episode is the second installment of Beats and Hidden Retreats, which is available on YouTube at @NeonPony. Ashley said two additional episodes are in production and she hopes to make it back up to Alaska in the future.

See a spelling or grammar error? Report it to web@ktuu.com



Source link

Advertisement
Continue Reading

Alaska

Over $150K worth of drugs seized from man in Juneau, police say

Published

on

Over 0K worth of drugs seized from man in Juneau, police say


JUNEAU, Alaska (KTUU) – An Alaska drug task force seized roughly $162,000 worth of controlled substances during an operation in Juneau Thursday, according to the Juneau Police Department.

Around 3 p.m. Thursday, investigators with the Southeast Alaska Cities Against Drugs (SEACAD) approached 50-year-old Juneau resident Jermiah Pond in the Nugget Mall parking lot while he was sitting in his car, according to JPD.

A probation search of the car revealed a container holding about 7.3 gross grams of a substance that tested presumptively positive for methamphetamine, as well as about 1.21 gross grams of a substance that tested presumptively positive for fentanyl.

As part of the investigation, investigators executed a search warrant at Pond’s residence, during which they found about 46.63 gross grams of ketamine, 293.56 gross grams of fentanyl, 25.84 gross grams of methamphetamine and 25.5 gross grams of MDMA.

Advertisement

In all, it amounted to just less than a pound of drugs worth $162,500.

Investigators also seized $102,640 in cash and multiple recreational vehicles believed to be associated with the investigation.

Pond was lodged on charges of second-degree misconduct involving a controlled substance, two counts of third-degree misconduct involving a controlled substance, five counts of fourth-degree misconduct involving a substance and an outstanding felony probation warrant.

See a spelling or grammar error? Report it to web@ktuu.com

Advertisement



Source link

Continue Reading

Alaska

Sand Point teen found 3 days after going missing in lake

Published

on

Sand Point teen found 3 days after going missing in lake


SAND POINT, Alaska (KTUU) – A teenage boy who was last seen Monday when the canoe he was in tipped over has been found by a dive team in a lake near Sand Point, according to a person familiar with the situation.

Alaska’s News Source confirmed with the person, who is close to the search efforts, that the dive team found 15-year-old Kaipo Kaminanga deceased Thursday in Red Cove Lake, located a short drive from the town of Sand Point on the Aleutian Island chain.

Kaminanga was last seen canoeing with three other friends on Monday when the boat tipped over.

A search and rescue operation ensued shortly after.

Advertisement

Alaska Dive Search Rescue and Recovery Team posted on Facebook Thursday night that they were able to “locate and recover” Kaminanga at around 5 p.m. Thursday.

“We are glad we could bring closure to his family, friends and community,” the post said.

This is a breaking news story and will be updated when more details become available.

See a spelling or grammar error? Report it to web@ktuu.com

Advertisement



Source link

Continue Reading

Trending