Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) SVP Andrea L. Schneider sold 800 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.89, for a total value of $51,112.00. Following the sale, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,296,072.54. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Alaska Air Group Price Performance
Shares of NYSE ALK opened at $64.97 on Friday. 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 firm has a market capitalization of $8.25 billion, a PE ratio of 26.20, a P/E/G ratio of 1.24 and a beta of 1.60. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $65.62. The business's fifty day moving average price is $52.17 and its two-hundred day moving average price is $43.62.
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Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current year.
Institutional Investors Weigh In On Alaska Air Group
A number of hedge funds have recently made changes to their positions in ALK. Altshuler Shaham Ltd bought a new position in Alaska Air Group in the 2nd quarter worth approximately $28,000. Pacific Center for Financial Services acquired a new position in Alaska Air Group during the 3rd quarter worth $45,000. Venturi Wealth Management LLC grew its stake in shares of Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company's stock worth $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. increased its holdings in shares of Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after purchasing an additional 1,000 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of Alaska Air Group during the third quarter valued at about $52,000. Institutional investors own 81.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Alaska Air Group from $58.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Melius upgraded Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. Citigroup boosted their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a research report on Monday. The Goldman Sachs Group restated a "buy" rating and set a $70.00 price objective on shares of Alaska Air Group in a research note on Friday, November 15th. Finally, Evercore ISI decreased their target price on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.86.
View Our Latest Analysis on Alaska Air Group
Alaska Air Group Company Profile
(
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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