Andrea L. Schneider Sells 3,700 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total transaction of $234,950.00. Following the completion of the transaction, the senior vice president now owns 21,086 shares in the company, valued at approximately $1,338,961. This represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alaska Air Group Trading Down 1.3 %

ALK opened at $62.59 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $65.62. The company has a market cap of $7.95 billion, a P/E ratio of 25.24, a PEG ratio of 1.24 and a beta of 1.60. The business’s 50-day simple moving average is $50.51 and its 200-day simple moving average is $43.01.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds have recently made changes to their positions in ALK. Cetera Advisors LLC purchased a new position in shares of Alaska Air Group during the first quarter worth approximately $227,000. CWM LLC grew its position in Alaska Air Group by 13.0% during the 2nd quarter. CWM LLC now owns 4,403 shares of the transportation company’s stock worth $178,000 after purchasing an additional 507 shares during the last quarter. QRG Capital Management Inc. increased its stake in Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 406 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Alaska Air Group in the second quarter valued at about $773,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Alaska Air Group by 13.0% during the second quarter. Sequoia Financial Advisors LLC now owns 5,714 shares of the transportation company’s stock worth $231,000 after buying an additional 658 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALK. Barclays upped their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. TD Cowen raised their target price on Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI cut their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Alaska Air Group in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.