Andrew R. Harrison Sells 91,745 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) EVP Andrew R. Harrison sold 91,745 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total value of $6,526,739.30. Following the completion of the sale, the executive vice president now directly owns 20,638 shares in the company, valued at approximately $1,468,187.32. This represents a 81.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alaska Air Group Price Performance

ALK traded up $0.36 during trading on Monday, reaching $73.61. 2,969,857 shares of the stock were exchanged, compared to its average volume of 2,914,135. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $74.86. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 0.66 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The business's 50 day moving average price is $64.12 and its two-hundred day moving average price is $49.86.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 EPS 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 anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALK. Citigroup upped their price objective 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. Bank of America upped their target price on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Morgan Stanley increased their target price on Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. TD Cowen raised their price objective on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Susquehanna raised Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 target price on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.86.

Institutional Trading of Alaska Air Group

Several institutional investors and hedge funds have recently bought and sold shares of ALK. Geode Capital Management LLC boosted its position in shares of Alaska Air Group by 3.9% during the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock worth $93,229,000 after buying an additional 78,186 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $72,054,000 after acquiring an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 442,331 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at about $82,459,000. Finally, FMR LLC grew its stake in shares of Alaska Air Group by 32.4% in the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after purchasing an additional 265,343 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

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.