Alaska Air Group, Inc. (ALK) EVP Andrew R. Harrison Sells 540 Shares of Stock
Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 540 shares of Alaska Air Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the sale, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Alaska Air Group, Inc. (ALK) opened at $65.36 on Tuesday. The firm has a market cap of $8,047.14, a PE ratio of 8.89 and a beta of 1.01. Alaska Air Group, Inc. has a 52 week low of $61.10 and a 52 week high of $101.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.02). The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 earnings per share. research analysts predict that Alaska Air Group, Inc. will post 6.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.84%. Alaska Air Group’s dividend payout ratio is presently 19.26%.
Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Alaska Air Group from $101.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, August 17th. Bank of America Corporation lowered their price target 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. BidaskClub lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Cowen Inc lowered their price objective on shares of Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, September 14th. Finally, Barclays PLC restated a “buy” rating on shares of Alaska Air Group in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Alaska Air Group currently has an average rating of “Buy” and an average target price of $91.27.
Hedge funds have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc bought a new stake in shares of Alaska Air Group during the 2nd quarter worth about $122,000. Mercer Capital Advisers Inc. bought a new stake in shares of Alaska Air Group during the 3rd quarter worth about $116,000. Bessemer Group Inc. boosted its holdings in shares of Alaska Air Group by 57.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock worth $171,000 after buying an additional 695 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Alaska Air Group during the 3rd quarter worth about $153,000. Finally, Smithfield Trust Co. boosted its holdings in shares of Alaska Air Group by 8.6% during the 2nd quarter. Smithfield Trust Co. now owns 2,391 shares of the transportation company’s stock worth $215,000 after buying an additional 189 shares during the period. 88.23% of the stock is owned by institutional investors and hedge funds.
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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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