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Alaska Air Group, Inc. (NYSE:ALK) VP Sells 1,329 Shares of Stock

Alaska Air Group logo with Transportation background

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) VP Emily Halverson sold 1,329 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the transaction, the vice president now owns 7,150 shares of the company's stock, valued at $460,531.50. This trade represents a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alaska Air Group Trading Up 4.1 %

Shares of NYSE ALK traded up $2.53 during midday trading on Thursday, reaching $64.97. 3,065,366 shares of the stock were exchanged, compared to its average volume of 2,307,035. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $65.62. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The business has a 50-day simple moving average of $51.73 and a two-hundred day simple moving average of $43.47.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently modified their holdings of ALK. Wealth Enhancement Advisory Services LLC boosted its stake in Alaska Air Group by 22.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,318 shares of the transportation company's stock worth $296,000 after purchasing an additional 1,333 shares during the period. Raymond James & Associates boosted its stake in Alaska Air Group by 13.5% in the second quarter. Raymond James & Associates now owns 283,581 shares of the transportation company's stock valued at $11,457,000 after buying an additional 33,717 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Alaska Air Group by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the transportation company's stock valued at $2,578,000 after purchasing an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Alaska Air Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,016,106 shares of the transportation company's stock valued at $41,051,000 after acquiring an additional 8,423 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Alaska Air Group by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company's stock valued at $326,000 after purchasing an additional 439 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ALK shares. Citigroup boosted their target price on Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a research report on Monday. Barclays lifted their price objective on Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an "overweight" rating in a research report 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 target for the company in a research report on Monday, October 28th. Finally, Susquehanna increased their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.86.

Check Out Our Latest Research Report on ALK

About Alaska Air Group

(Get Free Report)

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.

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