Alaska Air Group, Inc. (NYSE:ALK) Director J Kenneth Thompson Sells 3,500 Shares

Alaska Air Group, Inc. (NYSE:ALKGet Rating) Director J Kenneth Thompson sold 3,500 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $48.58, for a total transaction of $170,030.00. Following the completion of the transaction, the director now directly owns 29,907 shares in the company, valued at $1,452,882.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alaska Air Group Trading Down 4.1 %

Shares of Alaska Air Group stock opened at $42.26 on Wednesday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 101.47, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. Alaska Air Group, Inc. has a 52-week low of $38.19 and a 52-week high of $61.55. The company’s 50-day simple moving average is $48.95 and its 200-day simple moving average is $45.70. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 0.86.

Alaska Air Group (NYSE:ALKGet Rating) last released its earnings results on Thursday, January 26th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Alaska Air Group had a return on equity of 14.75% and a net margin of 0.60%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALK. StockNews.com lowered Alaska Air Group from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. JPMorgan Chase & Co. raised their price target on Alaska Air Group from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Barclays upgraded Alaska Air Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $54.00 to $62.00 in a research note on Friday, March 10th. Morgan Stanley raised their target price on shares of Alaska Air Group from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 30th. Finally, Wolfe Research downgraded shares of Alaska Air Group from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 27th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALK. Federated Hermes Inc. grew its stake in shares of Alaska Air Group by 6.6% during the 3rd quarter. Federated Hermes Inc. now owns 84,305 shares of the transportation company’s stock worth $3,300,000 after purchasing an additional 5,193 shares during the period. California Public Employees Retirement System grew its position in Alaska Air Group by 25.1% during the third quarter. California Public Employees Retirement System now owns 294,763 shares of the transportation company’s stock worth $11,540,000 after buying an additional 59,220 shares during the period. CIBC Asset Management Inc grew its position in Alaska Air Group by 10.7% during the third quarter. CIBC Asset Management Inc now owns 15,664 shares of the transportation company’s stock worth $613,000 after buying an additional 1,509 shares during the period. Echo Street Capital Management LLC lifted its position in shares of Alaska Air Group by 157.8% during the 2nd quarter. Echo Street Capital Management LLC now owns 11,650 shares of the transportation company’s stock valued at $467,000 after acquiring an additional 7,131 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Alaska Air Group by 12.1% during the 2nd quarter. Rhumbline Advisers now owns 223,112 shares of the transportation company’s stock worth $8,936,000 after acquiring an additional 24,110 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Alaska Air Group

(Get Rating)

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional, and Horizon. The Mainline segment includes scheduled air transportation on Alaska’s Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize.

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