Andrea L. Schneider Sells 800 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

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

Alaska Air Group Price Performance

ALK stock opened at $66.02 on Friday. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $66.81. The stock has a market capitalization of $8.38 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company’s 50-day moving average is $52.17 and its 200-day moving average is $43.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the firm posted $1.83 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALK. Verdence Capital Advisors LLC increased its position in shares of Alaska Air Group by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after acquiring an additional 215 shares in the last quarter. QRG Capital Management Inc. grew its holdings 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 buying an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Alaska Air Group by 4.7% in the third quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock valued at $268,000 after purchasing an additional 267 shares during the last quarter. Coastwise Capital Group LLC lifted its position in shares of Alaska Air Group by 6.0% during the 3rd quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock worth $242,000 after buying an additional 304 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Alaska Air Group by 3.7% in 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 last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup boosted their price objective on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Susquehanna boosted their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. TD Cowen lifted their target price on Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays raised their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.86.

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.