Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison Sells 2,267 Shares

Alaska Air Group, Inc. (NYSE:ALK – Get Rating) EVP Andrew R. Harrison sold 2,267 shares of Alaska Air Group stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total value of $100,042.71. Following the transaction, the executive vice president now directly owns 14,152 shares in the company, valued at $624,527.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alaska Air Group Trading Up 2.1 %

NYSE:ALK opened at $45.24 on Tuesday. The company has a market cap of $5.70 billion, a P/E ratio of 27.36 and a beta of 1.46. The stock’s fifty day moving average price is $43.17 and its two-hundred day moving average price is $50.07. Alaska Air Group, Inc. has a 1 year low of $38.19 and a 1 year high of $63.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.86 and a quick ratio of 0.84.

Alaska Air Group (NYSE:ALK – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.24. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Alaska Air Group had a net margin of 2.54% and a return on equity of 8.97%. The business’s quarterly revenue was up 74.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. As a group, analysts expect that Alaska Air Group, Inc. will post 4.38 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ALK. Susquehanna Bancshares decreased their target price on Alaska Air Group from $68.00 to $50.00 and set a “positive” rating for the company in a research report on Tuesday, July 12th. Barclays dropped their price objective on Alaska Air Group from $61.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. JPMorgan Chase & Co. upped their price objective on Alaska Air Group from $97.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Evercore ISI dropped their price objective on Alaska Air Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. Finally, Susquehanna dropped their price objective on Alaska Air Group from $68.00 to $50.00 and set a “positive” rating on the stock in a research note on Tuesday, July 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $66.44.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in shares of Alaska Air Group by 73.5% in the first quarter. Kestra Advisory Services LLC now owns 8,307 shares of the transportation company’s stock worth $482,000 after purchasing an additional 3,519 shares during the period. Mutual of America Capital Management LLC increased its stake in Alaska Air Group by 2.2% in the first quarter. Mutual of America Capital Management LLC now owns 57,501 shares of the transportation company’s stock valued at $3,336,000 after acquiring an additional 1,254 shares during the last quarter. Renaissance Technologies LLC bought a new position in Alaska Air Group in the fourth quarter valued at $22,445,000. Advisors Asset Management Inc. increased its stake in Alaska Air Group by 9.2% in the fourth quarter. Advisors Asset Management Inc. now owns 73,016 shares of the transportation company’s stock valued at $3,804,000 after acquiring an additional 6,143 shares during the last quarter. Finally, State Street Corp increased its stake in Alaska Air Group by 5.8% in the fourth quarter. State Street Corp now owns 4,335,314 shares of the transportation company’s stock valued at $225,870,000 after acquiring an additional 239,372 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

About Alaska Air Group

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Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc was founded in 1932 and is based in Seattle, Washington.