Alaska Air Group, Inc. (NYSE:ALK) CFO Sells $317,800.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $63.56, for a total value of $317,800.00. Following the completion of the sale, the chief financial officer now directly owns 27,362 shares in the company, valued at approximately $1,739,128.72. This represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Stock Performance

NYSE ALK opened at $62.57 on Friday. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $65.62. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.94 billion, a P/E ratio of 25.23, a PEG ratio of 1.24 and a beta of 1.60. The company’s 50-day simple moving average is $50.51 and its 200 day simple moving average is $43.01.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. As a group, research analysts forecast that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALK. Citigroup decreased their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group reaffirmed a “buy” rating and set a $72.00 target price on shares of Alaska Air Group in a research report on Tuesday, November 26th. Barclays increased their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, 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 report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC grew its holdings in shares of Alaska Air Group by 2.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,180 shares of the transportation company’s stock worth $460,000 after purchasing an additional 215 shares during the last quarter. QRG Capital Management Inc. grew its stake in Alaska Air Group by 2.7% during the third quarter. QRG Capital Management Inc. now owns 9,271 shares of the transportation company’s stock worth $419,000 after buying an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Alaska Air Group by 4.7% during the third quarter. First Trust Direct Indexing L.P. now owns 5,938 shares of the transportation company’s stock worth $268,000 after buying an additional 267 shares in the last quarter. Coastwise Capital Group LLC raised its stake in shares of Alaska Air Group by 6.0% in the third quarter. Coastwise Capital Group LLC now owns 5,354 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 304 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Alaska Air Group by 3.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,770 shares of the transportation company’s stock worth $397,000 after acquiring an additional 309 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.