Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett Sells 22,893 Shares

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 22,893 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02. The trade was a 41.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alaska Air Group Stock Down 3.0 %

Shares of Alaska Air Group stock opened at $72.82 on Wednesday. The business’s 50 day simple moving average is $66.77 and its 200 day simple moving average is $51.40. Alaska Air Group, Inc. has a 52-week low of $32.62 and a 52-week high of $76.45. The firm has a market cap of $9.24 billion, a PE ratio of 23.88, a P/E/G ratio of 0.67 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Maryland State Retirement & Pension System grew its stake in Alaska Air Group by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company’s stock valued at $3,231,000 after purchasing an additional 147 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Alaska Air Group by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company’s stock valued at $1,931,000 after purchasing an additional 160 shares in the last quarter. Avior Wealth Management LLC grew its stake in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 182 shares in the last quarter. Savant Capital LLC grew its stake in Alaska Air Group by 3.4% in the fourth quarter. Savant Capital LLC now owns 6,284 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 206 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in Alaska Air Group by 2.2% in the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 215 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup increased their target price on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group raised their price target on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. TD Cowen raised their price target 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. The Goldman Sachs Group raised their price target on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

About Alaska Air Group

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.