Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison Sells 7,500 Shares

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 7,500 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the sale, the executive vice president now directly owns 26,530 shares in the company, valued at approximately $1,419,620.30. This represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Stock Performance

Shares of ALK opened at $50.73 on Friday. 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 stock has a market cap of $6.23 billion, a P/E ratio of 16.63, a PEG ratio of 0.43 and a beta of 1.41. The company has a 50-day moving average of $48.52 and a two-hundred day moving average of $58.40. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The business’s quarterly revenue was up 40.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.92) earnings per share. As a group, research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALK shares. UBS Group cut shares of Alaska Air Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $54.00 in a report on Monday, April 7th. Susquehanna dropped their target price on shares of Alaska Air Group from $95.00 to $55.00 and set a “positive” rating for the company in a report on Monday, April 7th. TD Cowen increased their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a “buy” rating in a report on Friday, April 25th. Barclays dropped their target price on shares of Alaska Air Group from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $66.83.

Institutional Investors Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently modified their holdings of ALK. Brooklyn Investment Group grew its holdings in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Perkins Coie Trust Co grew its holdings in shares of Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock worth $33,000 after buying an additional 377 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of 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 buying an additional 182 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Alaska Air Group during the fourth quarter worth about $38,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Alaska Air Group during the fourth quarter worth about $52,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.