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

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction that occurred on 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 owns 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded up $1.72 on Friday, reaching $52.43. The stock had a trading volume of 3,289,838 shares, compared to its average volume of 2,820,163. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. The business's 50-day moving average price is $48.27 and its two-hundred day moving average price is $58.35. The stock has a market cap of $6.44 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 0.43 and a beta of 1.41. Alaska Air Group, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share 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 firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the firm earned ($0.92) EPS. The firm's revenue was up 40.5% on a year-over-year basis. On average, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ALK shares. Bank of America reduced their price objective on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group cut shares of 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. Barclays decreased their price target on shares of Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Susquehanna dropped their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Finally, TD Cowen raised their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $66.83.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in ALK. Maryland State Retirement & Pension System increased its position in Alaska Air Group by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 49,905 shares of the transportation company's stock worth $3,231,000 after buying an additional 147 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Alaska Air Group by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,816 shares of the transportation company's stock worth $1,931,000 after acquiring an additional 160 shares during the last quarter. Brooklyn Investment Group increased its position in Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after acquiring an additional 184 shares during the period. Savant Capital LLC grew its position in Alaska Air Group by 3.4% in the 4th quarter. Savant Capital LLC now owns 6,284 shares of the transportation company's stock worth $407,000 after purchasing an additional 206 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Alaska Air Group by 1.0% during the 1st quarter. US Bancorp DE now owns 21,982 shares of the transportation company's stock worth $1,082,000 after purchasing an additional 210 shares during the period. 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.

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