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 on Wednesday, December 11th. The shares were 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. The trade was a 14.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alaska Air Group Stock Down 1.3 %

ALK stock opened at $62.57 on Friday. The stock has a market capitalization of $7.94 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a fifty day moving average of $50.51 and a 200-day moving average of $43.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $65.62.

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. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ALK. Susquehanna upped their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Melius upgraded 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. UBS Group reiterated a “buy” rating and issued a $72.00 price objective on shares of Alaska Air Group in a research note on Tuesday, November 26th. Evercore ISI lowered their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. 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, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Alaska Air Group in the 2nd quarter valued at about $28,000. Pacific Center for Financial Services acquired a new stake in shares of Alaska Air Group in the third quarter valued at approximately $45,000. Venturi Wealth Management LLC raised its position in shares of Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the last quarter. Pacifica Partners Inc. lifted its stake in Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Alaska Air Group during the 3rd quarter valued at $52,000. 81.90% of the stock is owned by institutional investors and hedge funds.

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.