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

Alaska Air Group, Inc. (NYSE:ALK) SVP Kyle B. Levine sold 3,439 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $63.50, for a total transaction of $218,376.50. Following the sale, the senior vice president now owns 19,479 shares of the company’s stock, valued at approximately $1,236,916.50. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alaska Air Group Stock Down 1.2 %

ALK stock opened at $62.44 on Thursday. The stock has a market cap 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 current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $65.62. The company’s 50 day moving average is $51.73 and its two-hundred day moving average is $43.47.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3 billion. During the same period last year, the business earned $1.83 EPS. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts expect that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Institutional Trading of Alaska Air Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Alaska Air Group by 22.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,318 shares of the transportation company’s stock valued at $296,000 after buying an additional 1,333 shares during the last quarter. Raymond James & Associates boosted its stake in Alaska Air Group by 13.5% during the 2nd quarter. Raymond James & Associates now owns 283,581 shares of the transportation company’s stock worth $11,457,000 after purchasing an additional 33,717 shares during the period. Louisiana State Employees Retirement System grew its position in Alaska Air Group by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 63,800 shares of the transportation company’s stock worth $2,578,000 after purchasing an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Alaska Air Group by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 1,016,106 shares of the transportation company’s stock valued at $41,051,000 after purchasing an additional 8,423 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Alaska Air Group by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company’s stock valued at $326,000 after buying an additional 439 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of Alaska Air Group from $68.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Susquehanna lifted their target price on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Barclays increased their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. 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. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Alaska Air Group in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.86.

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.