Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von Sells 22,157 Shares

Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the transaction, the chief operating officer now directly owns 20,026 shares of the company’s stock, valued at $1,504,353.12. The trade was a 52.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alaska Air Group Stock Up 1.7 %

ALK stock opened at $76.65 on Thursday. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 0.69 and a beta of 1.55. The company has a fifty day moving average price of $68.87 and a 200 day moving average price of $52.88. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALK shares. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a report on Tuesday, January 7th. UBS Group raised their price objective on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in shares of Alaska Air Group in the 3rd quarter worth $45,000. Venturi Wealth Management LLC boosted its holdings in shares of Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Alaska Air Group during the third quarter worth about $52,000. Finally, SBI Securities Co. Ltd. purchased a new position in Alaska Air Group during the fourth quarter worth about $52,000. Institutional investors and hedge funds 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.