Andrew R. Harrison Sells 13,880 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 13,880 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total value of $888,458.80. Following the sale, the executive vice president now owns 20,638 shares of the company’s stock, valued at $1,321,038.38. The trade was a 40.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Alaska Air Group Stock Down 1.3 %

ALK opened at $62.59 on Friday. The firm has a market cap of $7.95 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The business has a 50 day moving average price of $50.51 and a 200 day moving average price of $43.01. Alaska Air Group, Inc. has a twelve month low of $32.62 and a twelve month high of $65.62.

Alaska Air Group (NYSE:ALK) last issued 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. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company earned $1.83 earnings per share. Alaska Air Group’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that Alaska Air Group, Inc. will post 4.3 EPS for the current year.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in Alaska Air Group during the 1st quarter valued at approximately $227,000. CWM LLC boosted its position in shares of Alaska Air Group by 13.0% in the second quarter. CWM LLC now owns 4,403 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 507 shares during the period. QRG Capital Management Inc. grew its stake in shares of Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock worth $365,000 after acquiring an additional 406 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Alaska Air Group in the second quarter worth $773,000. Finally, Sequoia Financial Advisors LLC raised its stake in Alaska Air Group by 13.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,714 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 658 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALK shares. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. Evercore ISI decreased their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Susquehanna upped their price target on shares of Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Barclays increased their price objective 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, UBS Group restated a “buy” rating and issued a $72.00 target price on shares of Alaska Air Group in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.00.

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.