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Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com

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Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com



Alaska Air Group (NYSE:ALK – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Susquehanna raised 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 report on Friday. Bank of America raised their price objective on shares of Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday. UBS Group began coverage on shares of Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price objective for the company. Evercore ISI raised their price objective on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Melius downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $57.85.

View Our Latest Research Report on ALK

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Alaska Air Group Stock Performance

NYSE ALK opened at $45.01 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 0.85. Alaska Air Group has a 52-week low of $30.75 and a 52-week high of $57.18. The business’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.23. The firm has a market cap of $5.66 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.89 and a beta of 1.63.

Alaska Air Group (NYSE:ALK – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company posted ($0.62) earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Alaska Air Group will post 4.41 earnings per share for the current year.

Insider Activity

In related news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the transaction, the executive vice president now directly owns 26,048 shares in the company, valued at approximately $999,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in Alaska Air Group by 1,676.8% in the 4th quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock worth $58,250,000 after acquiring an additional 140,698 shares during the period. Wellington Management Group LLP grew its stake in Alaska Air Group by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock worth $94,712,000 after acquiring an additional 358,749 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Alaska Air Group in the 4th quarter worth approximately $2,813,000. Bank of New York Mellon Corp grew its stake in Alaska Air Group by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,213,630 shares of the transportation company’s stock worth $45,001,000 after acquiring an additional 71,726 shares during the period. Finally, Deutsche Bank AG grew its stake in Alaska Air Group by 63.4% in the 3rd quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock worth $13,594,000 after acquiring an additional 142,310 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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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

Analyst Recommendations for Alaska Air Group (NYSE:ALK)



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Alaska

Santa catches a ride with troops to bring Christmas to Alaska village

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Santa catches a ride with troops to bring Christmas to Alaska village


YAKUTAT, Alaska — Forget the open-air sleigh overloaded with gifts and powered by flying reindeer.

Santa and Mrs. Claus this week took supersized rides to southeast Alaska in a C-17 military cargo plane and a camouflaged Humvee, as they delivered toys to the Tlingit village of Yakutat, northwest of Juneau.

The visit was part of this year’s Operation Santa Claus, an outreach program of the Alaska National Guard to largely Indigenous communities in the nation’s largest state. Each year, the Guard picks a village that has suffered recent hardship — in Yakutat’s case, a massive snowfall that threatened to buckle buildings in 2022.

Santa and Mrs. Claus talk to a child in Yakutat as part of the Alaska National Guard’s Operation Santa program Wednesday. (AP Photo/Mark Thiessen)

“This is one of the funnest things we get to do, and this is a proud moment for the National Guard,” Maj. Gen. Torrence Saxe, adjutant general of the Alaska National Guard, said Wednesday.

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Saxe wore a Guard uniform and a Santa hat that stretched his unit’s dress regulations.

The Humvee caused a stir when it entered the school parking lot, and a buzz of “It’s Santa! It’s Santa!” pierced the cold air as dozens of elementary school children gathered outside.

In the school, Mrs. Claus read a Christmas story about the reindeer Dasher. The couple in red then sat for photos with nearly all of the 75 or so students and handed out new backpacks filled with gifts, books, snacks and school supplies donated by the Salvation Army. The school provided lunch, and a local restaurant provided the ice cream and toppings for a sundae bar.

Student Thomas Henry, 10, said while the contents of the backpack were “pretty good,” his favorite item was a plastic dinosaur.

Another, 9-year-old Mackenzie Ross, held her new plush seal toy as she walked around the school gym.

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“I think it’s special that I have this opportunity to be here today because I’ve never experienced this before,” she said.

Yakutat, a Tlingit village of about 600 residents, is in the lowlands of the Gulf of Alaska, at the top of Alaska’s panhandle. Nearby is the Hubbard Glacier, a frequent stop for cruise ships.

Some of the National Guard members who visited Yakutat on Wednesday were also there in January 2022, when storms dumped about 6 feet of snow in a matter of days, damaging buildings.

Alaska National Guard soldiers and airmen shovel the roof of a building in Yakutat. (Dana Rosso/U.S. Army National Guard via AP)

Operation Santa started in 1956 when flooding severely curtailed subsistence hunting for residents of St. Mary’s, in western Alaska. Having to spend their money on food, they had little left for Christmas presents, so the military stepped in.

This year, visits were planned to two other communities hit by flooding. Santa’s visit to Circle, in northeastern Alaska, went off without a hitch. Severe weather prevented a visit to Crooked Creek, in the southwestern part of the state, but Christmas was saved when the gifts were delivered there Nov. 16.

“We tend to visit rural communities where it is very isolated,” said Jenni Ragland, service extension director with the Salvation Army Alaska Division. “A lot of kids haven’t traveled to big cities where we typically have Santa and big stores with Christmas gifts and Christmas trees, so we kind of bring the Christmas program on the road.”

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After the C-17 Globemaster III landed in Yakutat, it quickly returned to Joint Base Elmendorf-Richardson in Anchorage, an hour away, because there was nowhere to park it at the village’s tiny airport. Later, it returned to pick up the Christmas crew.

Santa and Mrs. Claus, along with their tuckered elves, were seen nodding off on the flight back.



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Alaska

Trump Wants Denali Renamed

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Trump Wants Denali Renamed


Opposition to President-elect Trump’s renewed suggestion to change the name of Alaska’s 20,310-foot mountain back to McKinley includes many Alaskans, including Indigenous people, and the state’s two Republican senators. Sen. Lisa Murkowski advocated for years to remove the name of the nation’s 25th president, who never visited the mountain or had any connection to it, the Anchorage Daily News reports. “There is only one name worthy of North America’s tallest mountain: Denali—the Great One,” Sen. Lisa Murkowski wrote on X.

Trump brought up the idea in a speech Sunday at Turning Point USA’s AmericaFest in Phoenix, where he praised William McKinley as a fellow supporter of protective tariffs. “We’re going to bring back the name of Mount McKinley because I think he deserves it,” Trump said. In 2016, Trump had said he might change the name back, a notion he dropped when Alaska’s senators objected, per the AP. Denali is the Koyukon Athabascan name that was used by Indigenous people for centuries. It translates to “the high one” or “the great one.”

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The federal government named it Mount McKinley in 1896, which stood until Barack Obama’s administration in 2015. That switch came after years of effort by state officials and Native groups. Sen. Dan Sullivan once told an Alaska Federation of Natives conference that Trump made the same suggestion when he and Murkowski met with him at the White House in 2017. The senators objected vehemently, he said. An aide texted the Daily News that “Sen. Sullivan like many Alaskans prefers the name that the very tough, very strong, very patriotic Athabaskan people gave the mountain thousands of years ago—Denali.” (More President-elect Trump stories.)





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Alaska

Alaskan-named snowplows revealed by state

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Alaskan-named snowplows revealed by state


ANCHORAGE, Alaska (KTUU) – Coming soon to Juneau-area roads; a trio of festively-named snowplows!

After hundreds of suggested names were entered in its annual naming contest, the Alaska Department of Transportation and Public Facilities announced Monday that it had narrowed its search down to three winning names for three of its snowplows.

The winning names were Berminator, Salt-O-Saurus Rex, and Ka-PLOW.

The names were chosen by DOT staff who felt they were most appropriate and represented Alaska the best, according to Eli Kesten-Brackett, a project assistant with the department.

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“Since they move in formation, [DOT] thought it’d be cool to have them all named as a unit,” Kesten-Brackett said.

The Name-A-Snowplow contest that ended on Nov. 28 saw over 400 individual entries from residents around the state.

Kesten-Brackett said after noticing the popularity of similar contests in other snow-laden states in the Lower 48, the state thought a way to get people’s creative juices flowing was what Alaska needed.

“We thought this would be an awesome way to foster community engagement,” Kesten-Brackett said.

The winning name in the inaugural contest last year was Darth Blader, according to Kesten-Brackett.

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