Shares of Alaska Air Group Inc. (NYSE:ALK) rose 2.7% during trading on Thursday . The stock traded as high as $64.89 and last traded at $64.86, with a volume of 2,132,143 shares trading hands. The stock had previously closed at $63.17.

ALK has been the subject of several research reports. Buckingham Research reiterated a “buy” rating on shares of Alaska Air Group in a research note on Friday, April 15th. Bank of America Corp. upgraded Alaska Air Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 5th. Deutsche Bank AG reiterated a “buy” rating and set a $86.00 price target on shares of Alaska Air Group in a research note on Sunday, April 10th. Cowen and Company reiterated a “buy” rating on shares of Alaska Air Group in a research note on Wednesday, June 15th. Finally, JPMorgan Chase & Co. upgraded Alaska Air Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $77.00 to $82.00 in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.68.

The stock’s 50 day moving average price is $61.95 and its 200 day moving average price is $71.04. The firm has a market cap of $7.99 billion and a price-to-earnings ratio of 9.37.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. The company earned $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Equities analysts forecast that Alaska Air Group Inc. will post $7.09 earnings per share for the current fiscal year.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 13,813 shares of Alaska Air Group stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $76.04, for a total value of $1,050,340.52. Following the completion of the transaction, the executive vice president now directly owns 9,220 shares of the company’s stock, valued at approximately $701,088.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bradley D. Tilden sold 5,000 shares of Alaska Air Group stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $60.11, for a total transaction of $300,550.00. Following the completion of the transaction, the chief executive officer now directly owns 23,900 shares of the company’s stock, valued at $1,436,629. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. EQIS Capital Management boosted its position in shares of Alaska Air Group by 214.1% in the fourth quarter. EQIS Capital Management now owns 18,992 shares of the company’s stock worth $1,529,000 after buying an additional 12,946 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Alaska Air Group by 125.5% in the fourth quarter. TD Asset Management Inc. now owns 82,100 shares of the company’s stock worth $6,610,000 after buying an additional 45,700 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Alaska Air Group by 12.8% in the fourth quarter. ProShare Advisors LLC now owns 12,525 shares of the company’s stock worth $1,008,000 after buying an additional 1,420 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Alaska Air Group during the fourth quarter worth approximately $4,123,000. Finally, OppenheimerFunds Inc. boosted its position in shares of Alaska Air Group by 22.5% in the fourth quarter. OppenheimerFunds Inc. now owns 154,828 shares of the company’s stock worth $12,465,000 after buying an additional 28,398 shares during the last quarter.

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

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