Insider Selling: Alaska Air Group, Inc. (NYSE:ALK) SVP Sells $51,112.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 800 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total transaction of $51,112.00. Following the completion of the sale, the senior vice president now directly owns 20,286 shares in the company, valued at $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Trading Up 1.6 %

Alaska Air Group stock opened at $66.02 on Friday. The stock has a 50-day simple moving average of $52.60 and a 200 day simple moving average of $43.79. The stock has a market capitalization of $8.38 billion, a P/E ratio of 26.62, a PEG ratio of 1.24 and a beta of 1.60. 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 52 week low of $32.62 and a 52 week high of $66.81.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the company posted $1.83 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts expect that Alaska Air Group, Inc. will post 4.3 earnings per share for the current year.

Analyst Ratings Changes

ALK has been the topic of a number of research reports. TD Cowen boosted their price target on Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Bank of America boosted their target price 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Melius raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Finally, Evercore ISI decreased 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 research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $65.86.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its holdings in shares of Alaska Air Group by 2.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after buying an additional 215 shares during the period. QRG Capital Management Inc. lifted its position in Alaska Air Group by 2.7% during the third quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock worth $419,000 after acquiring an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Alaska Air Group by 4.7% during the third quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock worth $268,000 after acquiring an additional 267 shares during the period. Coastwise Capital Group LLC grew its position in shares of Alaska Air Group by 6.0% in the third quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 304 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Alaska Air Group by 3.7% during the third quarter. Concurrent Investment Advisors LLC now owns 8,770 shares of the transportation company’s stock worth $397,000 after purchasing an additional 309 shares during the period. 81.90% of the stock is 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.