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 business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.50, for a total transaction of $234,950.00. Following the transaction, the senior vice president now directly owns 21,086 shares in the company, valued at approximately $1,338,961. The trade was a 14.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alaska Air Group Price Performance

Shares of ALK opened at $62.57 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $65.62. The company has a market cap of $7.94 billion, a P/E ratio of 25.23, a PEG ratio of 1.24 and a beta of 1.60. The firm’s 50 day moving average price is $50.51 and its 200 day moving average price is $43.01.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. On average, research analysts forecast that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in Alaska Air Group by 2,087.8% in the third quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock valued at $34,490,000 after acquiring an additional 728,019 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Alaska Air Group in the 3rd quarter valued at $26,390,000. Charles Schwab Investment Management Inc. lifted its position in shares of Alaska Air Group by 45.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock worth $64,300,000 after purchasing an additional 442,331 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alaska Air Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock worth $262,789,000 after purchasing an additional 357,907 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in Alaska Air Group in the second quarter valued at $11,475,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ALK shares. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. TD Cowen raised their target price on Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday. 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 report on Monday, October 28th. Finally, Morgan Stanley increased their price target on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.00.

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.