Alaska Air Group, Inc. (NYSE:ALK) EVP Sells $503,448.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the sale, the executive vice president now owns 34,030 shares of the company’s stock, valued at approximately $2,595,808.40. The trade was a 16.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alaska Air Group Stock Up 1.0 %

NYSE ALK opened at $72.11 on Thursday. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.43 and a beta of 1.55. The stock’s 50 day moving average is $69.80 and its two-hundred day moving average is $54.22. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04.

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

Analyst Ratings Changes

A number of research analysts have recently commented on ALK shares. JPMorgan Chase & Co. upped their price target on Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Citigroup upped their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target on the stock in a research report on Tuesday, January 7th. Bank of America upped their price objective on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, TD Cowen lifted their target price on Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.69.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after purchasing an additional 265,343 shares in the last quarter. Bank of Montreal Can grew its stake in Alaska Air Group by 54.7% during the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after buying an additional 20,347 shares during the last quarter. Friedenthal Financial bought a new stake in Alaska Air Group during the fourth quarter worth about $772,000. Entropy Technologies LP increased its holdings in shares of Alaska Air Group by 358.9% during the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock worth $1,240,000 after buying an additional 21,451 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Alaska Air Group by 156.3% in the third quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock valued at $3,788,000 after acquiring an additional 51,096 shares during the last quarter. 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.