Alaska Air Group, Inc. (NYSE:ALK) SVP Sells $234,950.00 in 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 value of $234,950.00. Following the sale, the senior vice president now directly owns 21,086 shares in the company, valued at $1,338,961. This trade represents a 14.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alaska Air Group Stock Down 1.0 %

Shares of ALK stock traded down $0.67 during mid-day trading on Thursday, hitting $63.42. The stock had a trading volume of 5,150,330 shares, compared to its average volume of 2,285,333. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $65.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The firm’s 50-day moving average is $49.69 and its two-hundred day moving average is $42.72. The firm has a market capitalization of $8.05 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. On average, analysts predict that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ALK has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised their price objective on Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Susquehanna boosted their target price on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group restated a “buy” rating and issued a $70.00 price target on shares of Alaska Air Group in a research report on Friday, November 15th. Finally, Evercore ISI lowered their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Alaska Air Group in the second quarter worth $28,000. Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC raised its position in Alaska Air Group by 86.0% during the third 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. Pacifica Partners Inc. grew its position in Alaska Air Group by 952.4% during 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 position in Alaska Air Group in the 3rd quarter worth about $52,000. Institutional investors own 81.90% of the company’s stock.

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.