Alaska Air Group Inc. (NYSE:ALK)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $64.43, but opened at $64.84. Alaska Air Group shares last traded at $66.46, with a volume of 738,793 shares changing hands.

Several equities analysts recently weighed in on the stock. Buckingham Research restated a “buy” rating on shares of Alaska Air Group in a research report on Friday, April 15th. Vetr upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $88.50 price target for the company in a research report on Monday, April 18th. JPMorgan Chase & Co. upgraded shares of Alaska Air Group from a “neutral” rating to an “overweight” rating and set a $78.50 price target for the company in a research report on Wednesday, July 27th. Sterne Agee CRT restated a “buy” rating on shares of Alaska Air Group in a research report on Monday, May 16th. Finally, Cowen and Company assumed coverage on shares of Alaska Air Group in a research report on Monday, May 16th. They set an “outperform” rating and a $89.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.23.

The company has a market cap of $8.14 billion and a price-to-earnings ratio of 9.15. The firm’s 50 day moving average price is $62.94 and its 200 day moving average price is $69.89.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, July 21st. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.03. During the same quarter in the previous year, the business earned $1.76 earnings per share. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. The company’s revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Alaska Air Group Inc. will post $7.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.66%.

In other Alaska Air Group news, Director Dennis F. Madsen sold 1,372 shares of Alaska Air Group stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $65.98, for a total value of $90,524.56. Following the sale, the director now directly owns 22,914 shares in the company, valued at approximately $1,511,865.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley D. Tilden sold 4,000 shares of Alaska Air Group stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $63.84, for a total transaction of $255,360.00. Following the completion of the sale, the chief executive officer now owns 23,900 shares in the company, valued at $1,525,776. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Alaska Air Group by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 695,602 shares of the company’s stock valued at $56,003,000 after buying an additional 59,730 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Alaska Air Group by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 407,830 shares of the company’s stock valued at $32,835,000 after buying an additional 4,172 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Alaska Air Group by 43.7% in the fourth quarter. Advisors Asset Management Inc. now owns 37,607 shares of the company’s stock valued at $3,028,000 after buying an additional 11,440 shares during the last quarter. US Bancorp DE raised its stake in shares of Alaska Air Group by 28.9% in the fourth quarter. US Bancorp DE now owns 17,867 shares of the company’s stock valued at $1,438,000 after buying an additional 4,011 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new stake in shares of Alaska Air Group during the fourth quarter valued at about $2,327,000.

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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