Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider Sells 1,830 Shares

Alaska Air Group, Inc. (NYSE:ALK) SVP Andrea L. Schneider sold 1,830 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $73.32, for a total value of $134,175.60. Following the completion of the transaction, the senior vice president now directly owns 20,286 shares in the company, valued at approximately $1,487,369.52. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alaska Air Group Stock Down 1.8 %

ALK stock traded down $1.31 during trading hours on Friday, reaching $73.12. 2,980,781 shares of the stock were exchanged, compared to its average volume of 2,911,309. The firm’s 50-day moving average is $63.31 and its 200-day moving average is $49.23. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $74.70.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALK. Evercore ISI cut their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. The Goldman Sachs Group increased their price target on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Bank of America raised their price objective on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds have recently modified their holdings of the stock. Plan Group Financial LLC grew its holdings in shares of Alaska Air Group by 3.3% in the 4th quarter. Plan Group Financial LLC now owns 8,136 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 257 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alaska Air Group by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 627,685 shares of the transportation company’s stock valued at $40,643,000 after acquiring an additional 20,796 shares in the last quarter. Capital Performance Advisors LLP grew its holdings in shares of Alaska Air Group by 110.2% in the 4th quarter. Capital Performance Advisors LLP now owns 3,118 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 1,635 shares in the last quarter. Nkcfo LLC bought a new position in shares of Alaska Air Group in the 4th quarter valued at about $1,101,000. Finally, Allworth Financial LP grew its holdings in shares of Alaska Air Group by 41.0% in the 4th quarter. Allworth Financial LP now owns 4,076 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 1,186 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.