Alaska Air Group, Inc. (NYSE:ALK) SVP Sells 1,830 Shares

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 1,830 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $73.32, for a total value of $134,175.60. Following the sale, the senior vice president now directly owns 20,286 shares of the company’s stock, valued at $1,487,369.52. This represents a 8.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alaska Air Group Price Performance

ALK stock opened at $73.12 on Friday. The company’s 50-day moving average price is $63.72 and its two-hundred day moving average price is $49.54. The firm has a market cap of $9.28 billion, a P/E ratio of 23.97, a P/E/G ratio of 0.65 and a beta of 1.54. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $74.70.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) 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%. On average, analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALK. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, October 28th. The Goldman Sachs Group raised their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, October 28th. Morgan Stanley boosted their price target 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. Finally, UBS Group increased their price objective 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. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Institutional Trading of Alaska Air Group

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after acquiring an additional 265,343 shares in the last quarter. Bank of Montreal Can increased its position in Alaska Air Group by 54.7% during the 3rd quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after purchasing an additional 20,347 shares in the last quarter. Friedenthal Financial bought a new position in Alaska Air Group in the 4th quarter valued at approximately $772,000. Entropy Technologies LP boosted its position in Alaska Air Group by 358.9% in the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after buying an additional 21,451 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Alaska Air Group by 156.3% during the third quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock worth $3,788,000 after buying an additional 51,096 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

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.