Insider Selling: Alaska Air Group, Inc. (NYSE:ALK) COO Sells 4,000 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the transaction, the chief operating officer now directly owns 12,162 shares of the company’s stock, valued at $767,300.58. The trade was a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Alaska Air Group Price Performance

NYSE ALK traded down $0.83 during mid-day trading on Friday, hitting $62.59. The stock had a trading volume of 3,723,888 shares, compared to its average volume of 2,291,301. The firm’s 50 day moving average is $50.11 and its 200 day moving average is $42.87. 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 stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.24 and a beta of 1.60. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $65.62.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on ALK shares. Susquehanna boosted their target price on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 price objective on shares of Alaska Air Group in a research report on Friday, November 15th. Citigroup dropped their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Evercore ISI reduced their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, UBS Group reiterated a “buy” rating and set a $72.00 price target on shares of Alaska Air Group in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new stake in shares of Alaska Air Group in the second quarter valued at approximately $28,000. Pacific Center for Financial Services acquired a new position in Alaska Air Group during the third quarter worth $45,000. Venturi Wealth Management LLC grew its holdings in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. increased its stake in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Alaska Air Group during the 3rd quarter worth $52,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.