Alaska Air Group, Inc. (NYSE:ALK) CEO Sells $654,550.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction on Friday, January 24th. The shares were sold at an average price of $68.90, for a total value of $654,550.00. Following the transaction, the chief executive officer now owns 9,840 shares in the company, valued at $677,976. This represents a 49.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Alaska Air Group Trading Up 1.0 %

Shares of ALK stock opened at $72.15 on Thursday. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $72.89. The company has a market cap of $9.16 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. 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 business’s 50 day moving average is $62.86 and its two-hundred day moving average is $49.06.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.78%. Equities analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen lifted their target price 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. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. UBS Group increased their target price on shares of Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Finally, 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 report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.86.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in ALK. Avior Wealth Management LLC increased its position in Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services acquired a new stake in shares of Alaska Air Group in the third quarter worth $45,000. Venturi Wealth Management LLC increased 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 worth $46,000 after acquiring an additional 474 shares during the period. Pacifica Partners Inc. raised its stake in Alaska Air Group by 952.4% during the 3rd 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 last quarter. Finally, True Wealth Design LLC bought a new stake in Alaska Air Group in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

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.