Muehlen Constance E. Von Sells 22,157 Shares of Alaska Air Group, Inc. (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von sold 22,157 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total value of $1,664,433.84. Following the transaction, the chief operating officer now owns 20,026 shares of the company’s stock, valued at $1,504,353.12. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Alaska Air Group Stock Down 1.6 %

Shares of Alaska Air Group stock opened at $75.35 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Alaska Air Group, Inc. has a 12-month low of $32.62 and a 12-month high of $78.08. The firm has a market capitalization of $9.27 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.55. The stock’s fifty day moving average is $69.11 and its 200-day moving average is $53.04.

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

Analyst Ratings Changes

ALK has been the subject of a number of analyst reports. Citigroup boosted their price target on Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Bank of America boosted their price target on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays boosted their price target on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley upped their price objective on Alaska Air Group from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and an average target price of $76.69.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its position in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 182 shares during the period. Pacific Center for Financial Services acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at $45,000. Venturi Wealth Management LLC boosted its position in shares of Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the period. True Wealth Design LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at $52,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Alaska Air Group in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

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.