Shane R. Tackett Sells 22,893 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane R. Tackett sold 22,893 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.74, for a total value of $1,733,915.82. Following the transaction, the chief financial officer now owns 31,873 shares of the company’s stock, valued at approximately $2,414,061.02. This represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Alaska Air Group Price Performance

Shares of ALK opened at $73.74 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. The stock has a market cap of $9.36 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.55. The stock’s 50-day moving average price is $67.15 and its two-hundred day moving average price is $51.55. Alaska Air Group, Inc. has a 1 year low of $32.62 and a 1 year high of $76.45.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. On average, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays increased their price objective on Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group boosted their price target on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, October 28th. The Goldman Sachs Group upped their price target on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Alaska Air Group by 32.4% during the 3rd quarter. FMR LLC now owns 1,084,639 shares of the transportation company’s stock valued at $49,037,000 after purchasing an additional 265,343 shares in the last quarter. Bank of Montreal Can raised its holdings in Alaska Air Group by 54.7% during the 3rd quarter. Bank of Montreal Can now owns 57,577 shares of the transportation company’s stock worth $2,591,000 after buying an additional 20,347 shares during the period. Friedenthal Financial bought a new position in Alaska Air Group in the fourth quarter valued at approximately $772,000. Entropy Technologies LP boosted its holdings in shares of Alaska Air Group by 358.9% in the third quarter. Entropy Technologies LP now owns 27,428 shares of the transportation company’s stock valued at $1,240,000 after buying an additional 21,451 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Alaska Air Group by 156.3% in the 3rd quarter. Quantbot Technologies LP now owns 83,777 shares of the transportation company’s stock worth $3,788,000 after purchasing an additional 51,096 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Company Profile

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.