Alaska Air Group, Inc. (NYSE:ALK) VP Emily Halverson Sells 1,329 Shares

Alaska Air Group, Inc. (NYSE:ALK) VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now directly owns 7,150 shares of the company’s stock, valued at $460,531.50. This represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alaska Air Group Stock Up 4.1 %

Shares of NYSE ALK opened at $64.97 on Friday. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $65.62. The firm’s 50-day moving average is $52.17 and its 200-day moving average is $43.62. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $8.25 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ALK. Bank of America raised their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 13th. UBS Group reaffirmed a “buy” rating and set a $72.00 price target on shares of Alaska Air Group in a report on Tuesday, November 26th. Citigroup lifted their price objective on Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Monday. Barclays increased their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their price target on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.86.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in Alaska Air Group in the second quarter valued at about $28,000. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC increased its stake in shares of Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 474 shares during the last quarter. Pacifica Partners Inc. raised its position 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 bought a new position in Alaska Air Group during the 3rd quarter worth approximately $52,000. 81.90% of the stock is 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.