Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison Sells 91,745 Shares

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the transaction, the executive vice president now owns 20,638 shares of the company’s stock, valued at $1,468,187.32. The trade was a 81.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Trading Up 3.2 %

Shares of NYSE:ALK opened at $74.54 on Friday. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $74.65. The business has a 50 day moving average of $63.31 and a 200-day moving average of $49.23. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The stock has a market cap of $9.46 billion, a PE ratio of 24.44, a P/E/G ratio of 0.59 and a beta of 1.54.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.78% and a net margin of 3.37%. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC raised its stake 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 worth $38,000 after purchasing an additional 182 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Alaska Air Group during the third quarter worth approximately $45,000. Venturi Wealth Management LLC raised its position 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 buying an additional 474 shares in the last quarter. Pacifica Partners Inc. boosted its stake in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares during the period. Finally, True Wealth Design LLC acquired a new stake in Alaska Air Group during the third quarter worth approximately $52,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on ALK. Melius raised shares of 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. Evercore ISI reduced their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group boosted 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. Citigroup raised 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.