UBS Group Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK - Free Report) had its price objective cut by UBS Group from $87.00 to $75.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other analysts also recently commented on the stock. Citigroup cut their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Bank of America increased their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. The Goldman Sachs Group upped their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley lifted their target price on Alaska Air Group from $70.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average price target of $77.00.

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Alaska Air Group Stock Up 2.7 %

Shares of NYSE ALK traded up $1.45 on Thursday, reaching $54.28. 3,424,984 shares of the company's stock traded hands, compared to its average volume of 2,451,687. The business's 50 day simple moving average is $67.22 and its two-hundred day simple moving average is $57.30. Alaska Air Group has a 12 month low of $32.62 and a 12 month high of $78.08. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In related news, CFO Shane R. Tackett sold 22,893 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the transaction, the chief financial officer now owns 31,873 shares of the company's stock, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Muehlen Constance E. Von sold 22,157 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the sale, the chief operating officer now owns 20,026 shares of the company's stock, valued at $1,504,353.12. This trade represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,725 shares of company stock worth $11,217,263 in the last three months. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alaska Air Group

Institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after buying an additional 182 shares in the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $38,000. SBI Securities Co. Ltd. purchased a new stake in Alaska Air Group in the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC raised its stake in Alaska Air Group by 61.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock worth $62,000 after acquiring an additional 364 shares during the period. Finally, Pacific Center for Financial Services purchased a new stake in shares of Alaska Air Group in the third quarter worth $45,000. 81.90% of the stock is owned by institutional investors.

About Alaska Air Group

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.