Traders sold shares of Alaska Air Group Inc. (NYSE:ALK) on strength during trading on Thursday. $18.55 million flowed into the stock on the tick-up and $55.37 million flowed out of the stock on the tick-down, for a money net flow of $36.82 million out of the stock. Of all companies tracked, Alaska Air Group had the 0th highest net out-flow for the day. Alaska Air Group traded up $0.35 for the day and closed at $67.70

ALK has been the subject of a number of research analyst reports. Morgan Stanley reiterated a “buy” rating and set a $85.00 price target on shares of Alaska Air Group in a research report on Thursday, August 11th. Vetr upgraded Alaska Air Group from a “buy” rating to a “strong-buy” rating and set a $88.50 price target for the company in a research report on Monday, April 25th. Sterne Agee CRT reiterated a “buy” rating on shares of Alaska Air Group in a research report on Monday, May 16th. Cowen and Company reiterated a “buy” rating on shares of Alaska Air Group in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. upgraded 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. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.23.

The company has a 50-day moving average price of $64.28 and a 200 day moving average price of $69.76. The company has a market cap of $8.33 billion and a price-to-earnings ratio of 9.37.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, July 21st. The company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.03. The company earned $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $1.76 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Alaska Air Group Inc. will post $7.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $1.10 annualized dividend and a dividend yield of 1.62%.

In related news, VP Tamara S. Young sold 1,859 shares of Alaska Air Group stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $66.77, for a total value of $124,125.43. Following the completion of the transaction, the vice president now owns 3,490 shares in the company, valued at approximately $233,027.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dennis F. Madsen sold 1,372 shares of Alaska Air Group stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $65.98, for a total value of $90,524.56. Following the completion of the transaction, the director now owns 22,914 shares of the company’s stock, valued at approximately $1,511,865.72. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the company. State of Tennessee Treasury Department raised its stake in Alaska Air Group by 22.6% in the fourth quarter. State of Tennessee Treasury Department now owns 379,330 shares of the company’s stock valued at $30,540,000 after buying an additional 70,000 shares during the period. Airain ltd purchased a new stake in Alaska Air Group during the fourth quarter valued at approximately $1,328,000. KBC Group NV raised its stake in Alaska Air Group by 57.5% in the fourth quarter. KBC Group NV now owns 35,601 shares of the company’s stock valued at $2,866,000 after buying an additional 12,994 shares during the period. Advisors Asset Management Inc. raised its stake in 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 period. Finally, Schwab Charles Investment Management Inc. raised its stake in Alaska Air Group by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 298,025 shares of the company’s stock valued at $23,994,000 after buying an additional 10,847 shares during the period.

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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