Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von Sells 4,000 Shares

Alaska Air Group, Inc. (NYSE:ALK) COO Muehlen Constance E. Von sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $63.09, for a total transaction of $252,360.00. Following the completion of the transaction, the chief operating officer now owns 12,162 shares in the company, valued at $767,300.58. This trade represents a 24.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $62.59 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.24 and a beta of 1.60. Alaska Air Group, Inc. has a 52 week low of $32.62 and a 52 week high of $65.62. The firm’s 50-day simple moving average is $50.51 and its two-hundred day simple moving average is $43.01.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. Alaska Air Group’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that Alaska Air Group, Inc. will post 4.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALK has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 13th. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. Barclays increased their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen lifted their price target on shares of Alaska Air Group from $68.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Susquehanna upped their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Alaska Air Group in the second quarter worth $28,000. Pacific Center for Financial Services purchased a new position in Alaska Air Group during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC increased its position in shares of Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after buying an additional 474 shares during the period. Pacifica Partners Inc. lifted its holdings in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after buying an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Alaska Air Group in the third quarter valued at approximately $52,000. 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.