Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett Sells 5,000 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 5,000 shares of Alaska Air Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the sale, the chief financial officer now directly owns 27,362 shares of the company’s stock, valued at approximately $1,739,128.72. The trade was a 15.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $63.42 on Friday. 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 company has a market cap of $8.05 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The firm has a fifty day moving average price of $50.11 and a two-hundred day moving average price of $42.87. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $65.62.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.83 earnings per share. Analysts expect that Alaska Air Group, Inc. will post 4.26 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after purchasing an additional 265,343 shares in the last quarter. Bank of Montreal Can grew its position in Alaska Air Group by 54.7% in the third quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock valued at $2,591,000 after acquiring an additional 20,347 shares during the period. Raymond James & Associates raised its stake in Alaska Air Group by 13.5% during the second quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock worth $11,457,000 after acquiring an additional 33,717 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of Alaska Air Group by 358.9% during the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after acquiring an additional 21,451 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Alaska Air Group by 45.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after purchasing an additional 442,331 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALK has been the subject of a number of recent research reports. 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. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup cut their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Finally, Bank of America increased their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.