Muehlen Constance E. Von Sells 4,000 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the transaction, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at $767,300.58. This trade represents a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $62.57 on Friday. The stock has a fifty day moving average price of $50.51 and a 200 day moving average price of $43.01. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $65.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The company has a market cap of $7.94 billion, a PE ratio of 25.23, a P/E/G ratio of 1.24 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.83 EPS. Sell-side analysts forecast that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ALK shares. UBS Group restated a “buy” rating and issued a $72.00 target price on shares of Alaska Air Group in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $70.00 target price on shares of Alaska Air Group in a research report on Friday, November 15th. Susquehanna upped their target price on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Bank of America lifted their price target on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Institutional Investors Weigh In On Alaska Air Group

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

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.