Alaska Air Group, Inc. (NYSE:ALK) SVP Kyle B. Levine Sells 3,439 Shares

Alaska Air Group, Inc. (NYSE:ALK) SVP Kyle B. Levine sold 3,439 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $63.50, for a total value of $218,376.50. Following the sale, the senior vice president now directly owns 19,479 shares of the company’s stock, valued at approximately $1,236,916.50. This represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Alaska Air Group Stock Down 1.2 %

ALK stock opened at $62.44 on Thursday. Alaska Air Group, Inc. has a one year low of $32.62 and a one year high of $65.62. The stock has a market capitalization of $7.93 billion, a P/E ratio of 25.18, a PEG ratio of 1.24 and a beta of 1.60. The company has a 50 day moving average price of $51.73 and a two-hundred day moving average price of $43.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen raised their target price on shares of Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Evercore ISI decreased their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley increased their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. UBS Group restated a “buy” rating and set a $72.00 target price on shares of Alaska Air Group in a research report on Tuesday, November 26th. Finally, Melius raised 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.86.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in shares of Alaska Air Group in the 2nd quarter worth $28,000. Pacific Center for Financial Services purchased a new position in Alaska Air Group in the third quarter valued at approximately $45,000. Venturi Wealth Management LLC lifted its position in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after buying an additional 474 shares in the last quarter. Pacifica Partners Inc. raised its stake in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,000 shares during the period. Finally, True Wealth Design LLC purchased a new position in Alaska Air Group in the third quarter valued at about $52,000. 81.90% of the stock is owned by institutional investors and hedge funds.

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.