Alaska Air Group, Inc. (NYSE:ALK) EVP Shane R. Tackett sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $66.81, for a total transaction of $200,430.00. Following the sale, the executive vice president now owns 8,238 shares of the company’s stock, valued at $550,380.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:ALK opened at $67.76 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.71. The company has a market capitalization of $8.49 billion, a P/E ratio of 14.16, a PEG ratio of 2.41 and a beta of 0.57. Alaska Air Group, Inc. has a 52 week low of $57.53 and a 52 week high of $82.68.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Alaska Air Group had a net margin of 10.28% and a return on equity of 16.99%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.48 EPS. research analysts expect that Alaska Air Group, Inc. will post 4.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Tuesday, August 21st were given a $0.32 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.89%. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.28%.

Several large investors have recently modified their holdings of the stock. Oakbrook Investments LLC purchased a new stake in Alaska Air Group in the 2nd quarter worth approximately $309,000. Cubic Asset Management LLC purchased a new stake in Alaska Air Group in the 2nd quarter worth approximately $600,000. Rothschild Asset Management Inc. purchased a new stake in Alaska Air Group in the 2nd quarter worth approximately $9,119,000. Accuvest Global Advisors purchased a new stake in Alaska Air Group in the 2nd quarter worth approximately $652,000. Finally, Point View Wealth Management Inc. lifted its position in Alaska Air Group by 27.8% in the 2nd quarter. Point View Wealth Management Inc. now owns 5,199 shares of the transportation company’s stock worth $314,000 after buying an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Macquarie cut shares of Alaska Air Group from an “outperform” rating to a “neutral” rating in a report on Monday, July 30th. Bank of America reduced their target price on shares of Alaska Air Group from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, July 27th. Buckingham Research reduced their target price on shares of Alaska Air Group from $86.00 to $84.00 and set a “buy” rating for the company in a report on Friday, July 27th. Finally, Stifel Nicolaus reduced their price target on shares of Alaska Air Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $78.77.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Insider Buying and Selling by Quarter for Alaska Air Group (NYSE:ALK)

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