Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) SVP Andrea L. Schneider sold 1,830 shares of Alaska Air Group stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $73.32, for a total value of $134,175.60. Following the completion of the transaction, the senior vice president now owns 20,286 shares in the company, valued at $1,487,369.52. The trade was a 8.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ALK stock traded down $1.31 during trading hours on Friday, hitting $73.12. The company had a trading volume of 2,980,781 shares, compared to its average volume of 2,911,309. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $74.70. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 0.65 and a beta of 1.54. The firm's fifty day moving average is $63.31 and its 200 day moving average is $49.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61.
Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.
A number of research analysts have commented on ALK shares. Melius upgraded 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. TD Cowen boosted 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. Melius Research upgraded 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. Evercore ISI reduced their price target on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, UBS Group boosted their price target on Alaska Air Group from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $74.86.
View Our Latest Analysis on ALK
A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock worth $93,229,000 after acquiring an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Alaska Air Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock worth $72,054,000 after acquiring an additional 6,977 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Alaska Air Group by 45.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock worth $64,300,000 after acquiring an additional 442,331 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Alaska Air Group during the 4th quarter worth approximately $82,459,000. Finally, FMR LLC grew its position in Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company's stock worth $49,037,000 after acquiring an additional 265,343 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.
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.
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