Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett Sells 22,893 Shares

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $2.24 during mid-day trading on Tuesday, hitting $72.82. The company had a trading volume of 2,208,885 shares, compared to its average volume of 2,837,390. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $76.45. The stock’s 50-day moving average price is $66.36 and its 200-day moving average price is $51.16. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 0.67 and a beta of 1.55.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on ALK shares. The Goldman Sachs Group boosted their price target 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. Susquehanna upgraded 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. Bank of America increased their price target on Alaska Air Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Morgan Stanley boosted their price objective on Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their target price on Alaska Air Group from $58.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $74.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALK. Avior Wealth Management LLC lifted its stake 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 worth $38,000 after purchasing an additional 182 shares during the last quarter. Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group in the third quarter worth about $45,000. Venturi Wealth Management LLC increased its stake in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the period. True Wealth Design LLC bought a new stake in Alaska Air Group during the 3rd quarter valued at $52,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Alaska Air Group during the 4th quarter valued at $52,000. 81.90% of the stock is owned by institutional investors.

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.