Alaska Air Group, Inc. (NYSE:ALK) CEO David L. Campbell sold 4,934 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the sale, the chief executive officer now owns 9,648 shares in the company, valued at $656,064. The transaction was disclosed in a filing with the SEC, which is available through this link.
Alaska Air Group, Inc. (ALK) opened at $67.83 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. Alaska Air Group, Inc. has a twelve month low of $61.10 and a twelve month high of $101.43. The company has a market cap of $8,379.36, a price-to-earnings ratio of 9.25 and a beta of 1.03.
Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business posted $2.20 EPS. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. research analysts forecast that Alaska Air Group, Inc. will post 6.75 earnings per share for the current year.
Several analysts have issued reports on ALK shares. Bank of America lowered their target price on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a research note on Monday, September 18th. Stifel Nicolaus decreased their price target on shares of Alaska Air Group from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Macquarie began coverage on shares of Alaska Air Group in a report on Monday, September 25th. They issued an “outperform” rating and a $94.00 price target on the stock. Finally, Raymond James Financial raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $85.00 to $80.00 in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $91.27.
Several hedge funds have recently added to or reduced their stakes in ALK. Mountain Capital Investment Advisors Inc bought a new stake in Alaska Air Group in the 2nd quarter worth $122,000. Mercer Capital Advisers Inc. bought a new stake in Alaska Air Group in the 3rd quarter worth $116,000. Bessemer Group Inc. grew its holdings in Alaska Air Group by 57.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock worth $171,000 after acquiring an additional 695 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in Alaska Air Group in the 3rd quarter worth $153,000. Finally, Smithfield Trust Co. grew its holdings in Alaska Air Group by 8.6% in the 2nd quarter. Smithfield Trust Co. now owns 2,391 shares of the transportation company’s stock worth $215,000 after acquiring an additional 189 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors.
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About Alaska Air Group
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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