Andrea L. Schneider Sells 3,700 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 3,700 shares of Alaska Air Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the completion of the transaction, the senior vice president now owns 21,086 shares in the company, valued at approximately $1,338,961. This trade represents a 14.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alaska Air Group Stock Performance

NYSE:ALK opened at $62.59 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.95 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The firm has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $43.01. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $65.62.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the company posted $1.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors have recently made changes to their positions in ALK. Verdence Capital Advisors LLC increased its position in Alaska Air Group by 2.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after purchasing an additional 215 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Alaska Air Group by 2.7% during the third quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock worth $419,000 after buying an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Alaska Air Group by 4.7% during the third quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock worth $268,000 after buying an additional 267 shares in the last quarter. Coastwise Capital Group LLC raised its position in shares of Alaska Air Group by 6.0% in the third quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock valued at $242,000 after buying an additional 304 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Alaska Air Group by 3.7% during the third quarter. Concurrent Investment Advisors LLC now owns 8,770 shares of the transportation company’s stock valued at $397,000 after buying an additional 309 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALK. Barclays lifted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America lifted their price objective on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley increased their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Susquehanna increased their price objective on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $64.00.

Alaska Air Group Company Profile

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.