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

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $63.42 on Friday. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.23 and a beta of 1.60. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $65.62. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $42.87.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates 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 was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALK. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $262,789,000 after acquiring an additional 357,907 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Alaska Air Group by 8.0% in the second quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock valued at $119,960,000 after acquiring an additional 220,030 shares during the period. Geode Capital Management LLC grew its stake in shares of Alaska Air Group by 3.9% in the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock worth $93,229,000 after acquiring an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Alaska Air Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company’s stock valued at $72,054,000 after purchasing an additional 6,977 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Alaska Air Group by 8.3% in the 2nd quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company’s stock valued at $64,239,000 after purchasing an additional 122,325 shares during the period. Institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ALK. Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna boosted their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen raised their price objective on shares of Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Alaska Air Group in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target 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.