Alaska Air Group, Inc. (NYSE:ALK) VP Kyle B. Levine sold 2,430 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $157,950.00. Following the transaction, the vice president now directly owns 8,039 shares in the company, valued at approximately $522,535. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NYSE:ALK traded up $2.05 during midday trading on Tuesday, reaching $65.41. 1,384,900 shares of the company traded hands, compared to its average volume of 1,421,637. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.44. Alaska Air Group, Inc. has a 12 month low of $53.39 and a 12 month high of $74.83. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 0.45 and a beta of 0.88. The business’s fifty day moving average price is $62.12.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Alaska Air Group had a return on equity of 14.97% and a net margin of 5.26%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 6.08 earnings per share for the current year.
A number of brokerages have recently commented on ALK. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Morgan Stanley upped their price target on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. upped their price target on Weight Watchers International from $12.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. Bank of America set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Macquarie set a $79.00 price target on Alaska Air Group and gave the company a “buy” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.00.
Several large investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new position in Alaska Air Group in the 1st quarter worth about $28,000. Icon Wealth Partners LLC bought a new position in Alaska Air Group in the 1st quarter worth about $36,000. Sandy Spring Bank increased its stake in Alaska Air Group by 58.8% in the 1st quarter. Sandy Spring Bank now owns 794 shares of the transportation company’s stock worth $45,000 after acquiring an additional 294 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Alaska Air Group by 762.7% in the 1st quarter. Quadrant Capital Group LLC now owns 949 shares of the transportation company’s stock worth $52,000 after acquiring an additional 839 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Alaska Air Group in the 1st quarter worth about $86,000. Institutional investors own 88.47% of the company’s stock.
Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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