Andrew R. Harrison Sells 91,745 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 91,745 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the completion of the transaction, the executive vice president now owns 20,638 shares in the company, valued at $1,468,187.32. This trade represents a 81.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alaska Air Group Trading Down 1.8 %

ALK stock opened at $73.12 on Friday. The firm has a fifty day moving average price of $63.72 and a 200 day moving average price of $49.48. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $74.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The firm has a market cap of $9.28 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share 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 14.66%. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ALK. Susquehanna upgraded shares of Alaska Air Group from a “neutral” rating to a “positive” rating and set a $95.00 target price on the stock in a research note on Tuesday, January 7th. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, October 28th. The Goldman Sachs Group raised their target price on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Citigroup raised 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 note on Monday, December 16th. Finally, Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $74.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Alaska Air Group by 3.9% in the third quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock valued at $93,229,000 after purchasing an additional 78,186 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company’s stock worth $72,054,000 after buying an additional 6,977 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Alaska Air Group by 45.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock worth $64,300,000 after buying an additional 442,331 shares during the period. Hennessy Advisors Inc. purchased a new position in Alaska Air Group during the fourth quarter worth $82,459,000. Finally, FMR LLC boosted its stake in Alaska Air Group by 32.4% during the third quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock worth $49,037,000 after buying an additional 265,343 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.