Shane R. Tackett Sells 5,000 Shares of Alaska Air Group, Inc. (NYSE:ALK) 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 transaction of $317,800.00. Following the completion of the transaction, the chief financial officer now owns 27,362 shares in the company, valued at approximately $1,739,128.72. This trade represents a 15.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alaska Air Group Stock Performance

NYSE:ALK opened at $62.59 on Friday. The firm has a 50-day moving average of $50.51 and a two-hundred day moving average of $43.01. 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 cap of $7.95 billion, a P/E ratio of 25.24, a PEG ratio of 1.24 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.

Alaska Air Group (NYSE:ALK) last issued its quarterly 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. 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 the consensus estimate of $3 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Alaska Air Group’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts expect that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Institutional Trading of Alaska Air Group

A number of hedge funds have recently made changes to their positions in ALK. Assenagon Asset Management S.A. boosted its stake in Alaska Air Group by 2,087.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock valued at $34,490,000 after acquiring an additional 728,019 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Alaska Air Group during the third quarter worth about $26,390,000. Charles Schwab Investment Management Inc. grew its stake in Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock worth $64,300,000 after purchasing an additional 442,331 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 5.8% in 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 buying an additional 357,907 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in Alaska Air Group in the second quarter valued at about $11,475,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday. Melius Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, October 28th. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Susquehanna increased their price objective 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. Two investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

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.