Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison Sells 6,600 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 6,600 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total transaction of $503,448.00. Following the transaction, the executive vice president now owns 34,030 shares in the company, valued at $2,595,808.40. The trade was a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alaska Air Group Stock Performance

NYSE ALK opened at $72.36 on Tuesday. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 0.68 and a beta of 1.55. The company has a fifty day moving average price of $69.44 and a 200-day moving average price of $53.84.

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, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. As a group, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALK. Citigroup upped their price objective on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, December 16th. The Goldman Sachs Group upped their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. UBS Group upped their price objective on shares of Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a 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 objective on the stock in a report on Monday, October 28th. Finally, Barclays upped their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.69.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors have recently added to or reduced their stakes in ALK. Avior Wealth Management LLC grew its position in Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after buying an additional 182 shares during the period. Pacific Center for Financial Services bought a new position in Alaska Air Group during the third quarter valued at about $45,000. Venturi Wealth Management LLC grew 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 valued at $46,000 after buying an additional 474 shares during the period. True Wealth Design LLC bought a new position in Alaska Air Group during the third quarter valued at about $52,000. Finally, SBI Securities Co. Ltd. bought a new position in Alaska Air Group during the fourth quarter valued at about $52,000. Institutional investors own 81.90% of the company’s stock.

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.