BidaskClub downgraded shares of Alaska Air Group, Inc. (NYSE:ALK) from a hold rating to a sell rating in a report issued on Thursday morning.

Several other analysts also recently weighed in on ALK. Imperial Capital lowered their price objective on Alaska Air Group from $101.00 to $98.00 and set an in-line rating for the company in a research report on Friday, March 31st. J P Morgan Chase & Co set a $116.00 target price on Alaska Air Group and gave the company a buy rating in a report on Saturday, April 1st. Morgan Stanley restated an overweight rating on shares of Alaska Air Group in a report on Friday, April 7th. Cowen and Company restated a market perform rating and set a $102.00 target price on shares of Alaska Air Group in a report on Monday, April 17th. Finally, Stifel Nicolaus restated a buy rating and set a $145.00 target price on shares of Alaska Air Group in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $105.41.

Alaska Air Group (NYSE:ALK) opened at 86.32 on Thursday. Alaska Air Group has a 12-month low of $64.19 and a 12-month high of $101.43. The firm’s 50-day moving average is $90.11 and its 200 day moving average is $91.14. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 14.04 and a beta of 0.96.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by $0.01. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the firm posted $2.12 EPS. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, equities analysts expect that Alaska Air Group will post $7.95 earnings per share for the current fiscal year.

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In other Alaska Air Group news, SVP Joseph A. Sprague sold 7,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $90.85, for a total value of $635,950.00. Following the completion of the transaction, the senior vice president now owns 7,191 shares in the company, valued at $653,302.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Bradley D. Tilden sold 5,600 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total value of $529,088.00. Following the completion of the transaction, the chairman now owns 145,546 shares of the company’s stock, valued at approximately $13,751,186.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,800 shares of company stock valued at $2,139,479. 0.57% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ALK. Breton Hill Capital Ltd. purchased a new position in Alaska Air Group during the first quarter worth about $267,000. Schroder Investment Management Group boosted its stake in Alaska Air Group by 84.1% in the first quarter. Schroder Investment Management Group now owns 547,645 shares of the transportation company’s stock worth $51,292,000 after buying an additional 250,245 shares in the last quarter. Oxford Asset Management bought a new stake in Alaska Air Group during the first quarter worth approximately $3,425,000. Clearbridge Investments LLC boosted its stake in Alaska Air Group by 1.6% in the first quarter. Clearbridge Investments LLC now owns 1,211,718 shares of the transportation company’s stock worth $111,745,000 after buying an additional 18,600 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Alaska Air Group during the first quarter worth approximately $955,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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