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

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) SVP Andrea L. Schneider sold 1,830 shares of the business's 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 sale, the senior vice president now owns 20,286 shares in the company, valued at approximately $1,487,369.52. The trade was 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 the SEC website.

Alaska Air Group Stock Up 2.8 %

ALK traded up $2.07 during trading on Tuesday, reaching $75.56. The stock had a trading volume of 2,709,198 shares, compared to its average volume of 2,904,864. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $75.98. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 0.66 and a beta of 1.55. 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 stock's 50 day moving average is $64.58 and its two-hundred day moving average is $50.13.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (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%. As a group, analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of research analyst reports. Barclays upped their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Melius 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. Bank of America raised their target price on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, January 17th. TD Cowen boosted their price target on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Morgan Stanley raised their price objective on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.86.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock valued at $93,229,000 after acquiring an additional 78,186 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock valued at $72,054,000 after purchasing an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 during the last quarter. Hennessy Advisors Inc. bought a new stake in Alaska Air Group in the 4th quarter worth approximately $82,459,000. Finally, FMR LLC raised its stake in Alaska Air Group by 32.4% during the 3rd 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 last quarter. Hedge funds and other 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.