Alaska Air Group, Inc. (NYSE:ALK) SVP Sells $134,175.60 in Stock

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

Alaska Air Group Stock Performance

NYSE:ALK opened at $73.12 on Friday. The firm has a market capitalization of $9.28 billion, a PE ratio of 23.97, a PEG ratio of 0.65 and a beta of 1.54. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $74.70. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm’s fifty day simple moving average is $63.72 and its 200 day simple moving average is $49.48.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their target price 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. Citigroup raised their price target on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Susquehanna raised Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 price target for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.86.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently bought and sold shares of ALK. FMR LLC lifted its stake in shares of Alaska Air Group by 32.4% in the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after buying an additional 265,343 shares during the period. Bank of Montreal Can lifted its position in shares of Alaska Air Group by 54.7% in the 3rd quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after acquiring an additional 20,347 shares during the period. Friedenthal Financial acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $772,000. Entropy Technologies LP increased its position in shares of Alaska Air Group by 358.9% during the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after purchasing an additional 21,451 shares during the period. Finally, Quantbot Technologies LP increased its position in shares of Alaska Air Group by 156.3% during the third quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock valued at $3,788,000 after purchasing an additional 51,096 shares during the period. 81.90% of the stock is currently 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.