Shane R. Tackett Sells 22,893 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 22,893 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the sale, the chief financial officer now owns 31,873 shares of the company’s stock, valued at approximately $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alaska Air Group Stock Up 1.2 %

Alaska Air Group stock opened at $73.74 on Thursday. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $76.45. The business has a fifty day moving average of $67.15 and a two-hundred day moving average of $51.55. The firm has a market cap of $9.36 billion, a P/E ratio of 24.18, a P/E/G ratio of 0.67 and a beta of 1.55. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

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

Analyst Ratings Changes

Several brokerages recently commented on ALK. Susquehanna upgraded Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, October 28th. Finally, Bank of America boosted their target price on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

Institutional Investors Weigh In On Alaska Air Group

A number of large investors have recently made changes to their positions in ALK. Avior Wealth Management LLC lifted its holdings in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services acquired a new position in Alaska Air Group in the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC lifted its holdings in Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Alaska Air Group during the 3rd quarter worth about $52,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Alaska Air Group in the 4th quarter valued at approximately $52,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.