Alaska Air Group, Inc. (NYSE:ALK) VP Emily Halverson Sells 2,946 Shares

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the transaction, the vice president now directly owns 8,253 shares in the company, valued at $423,709.02. This trade represents a 26.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alaska Air Group Stock Performance

Shares of ALK stock traded down $0.78 during mid-day trading on Monday, reaching $51.72. The stock had a trading volume of 2,085,963 shares, compared to its average volume of 2,826,615. The business's fifty day moving average is $48.35 and its 200-day moving average is $58.42. 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 firm has a market cap of $6.35 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.43 and a beta of 1.44. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same quarter in the previous year, the company earned ($0.92) EPS. The firm's quarterly revenue was up 40.5% compared to the same quarter last year. On average, research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays cut their target price on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $75.00 to $54.00 in a report on Monday, April 7th. Susquehanna dropped their price objective on Alaska Air Group from $95.00 to $55.00 and set a "positive" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. upped their target price on Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Finally, Bank of America decreased their price objective on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Alaska Air Group presently has an average rating of "Moderate Buy" and an average price target of $66.83.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds have recently bought and sold shares of ALK. Janney Montgomery Scott LLC boosted its position in Alaska Air Group by 40.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,105 shares of the transportation company's stock worth $525,000 after purchasing an additional 2,320 shares in the last quarter. Brighton Jones LLC boosted its position in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Caprock Group LLC purchased a new position in Alaska Air Group during the fourth quarter worth approximately $203,000. Greenleaf Trust boosted its position in Alaska Air Group by 5.1% during the fourth quarter. Greenleaf Trust now owns 5,283 shares of the transportation company's stock worth $342,000 after purchasing an additional 258 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Alaska Air Group during the fourth quarter worth approximately $260,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

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.