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 stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alaska Air Group Stock Up 1.7 %

Shares of NYSE:ALK opened at $76.65 on Thursday. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.69 and a beta of 1.55. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The business has a 50-day moving average price of $68.87 and a 200 day moving average price of $52.88. 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 announced 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 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 EPS for the current year.

Institutional Trading of Alaska Air Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services purchased a new position in Alaska Air Group during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC grew its position in Alaska Air Group by 86.0% in the 3rd 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 purchased a new stake in Alaska Air Group during the third quarter worth about $52,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ALK shares. Morgan Stanley increased their price objective on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price for the company in a research report on Tuesday, January 7th. Bank of America boosted their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group increased their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their target price on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

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.