Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider Sells 3,700 Shares

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total value of $234,950.00. Following the sale, the senior vice president now owns 21,086 shares of the company’s stock, valued at $1,338,961. This trade represents a 14.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alaska Air Group Stock Down 1.0 %

Shares of Alaska Air Group stock opened at $63.42 on Friday. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $65.62. The business has a 50-day moving average of $50.11 and a 200-day moving average of $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 company has a market capitalization of $8.05 billion, a PE ratio of 25.57, a P/E/G ratio of 1.23 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 EPS. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup dropped their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price target on shares of Alaska Air Group in a report on Friday, November 15th. Morgan Stanley lifted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Susquehanna increased their price target on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Hedge Funds Weigh In On Alaska Air Group

Large investors have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in shares of Alaska Air Group during the 1st quarter valued at approximately $227,000. CWM LLC boosted its stake in Alaska Air Group by 13.0% in the second quarter. CWM LLC now owns 4,403 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 507 shares during the period. QRG Capital Management Inc. boosted its stake in Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 406 shares during the period. SG Americas Securities LLC bought a new position in shares of Alaska Air Group during the second quarter valued at approximately $773,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Alaska Air Group by 13.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,714 shares of the transportation company’s stock worth $231,000 after purchasing an additional 658 shares during the period. Institutional investors own 81.90% of the company’s stock.

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.