Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett Sells 5,000 Shares

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total value of $317,800.00. Following the transaction, the chief financial officer now directly owns 27,362 shares of the company’s stock, valued at $1,739,128.72. This represents a 15.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Price Performance

Alaska Air Group stock traded down $0.67 during trading hours on Thursday, hitting $63.42. 5,150,330 shares of the stock were exchanged, compared to its average volume of 2,285,333. The business’s 50-day moving average is $49.69 and its two-hundred day moving average is $42.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group, Inc. has a 12 month low of $32.62 and a 12 month high of $65.62. The stock has a market capitalization of $8.05 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.23 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. Equities research analysts expect that Alaska Air Group, Inc. will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group reiterated a “buy” rating and set a $72.00 price target on shares of Alaska Air Group in a report on Tuesday, November 26th. Bank of America increased their price target on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $70.00 target price on shares of Alaska Air Group in a research note on Friday, November 15th. Citigroup lowered their price target on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Susquehanna lifted their price objective on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Hedge Funds Weigh In On Alaska Air Group

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Alaska Air Group by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock valued at $262,789,000 after purchasing an additional 357,907 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Alaska Air Group by 8.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company’s stock valued at $119,960,000 after buying an additional 220,030 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alaska Air Group by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock valued at $93,229,000 after buying an additional 78,186 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Alaska Air Group by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company’s stock worth $72,054,000 after acquiring an additional 6,977 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Alaska Air Group by 8.3% during the second quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company’s stock valued at $64,239,000 after acquiring an additional 122,325 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.