Alaska Air Group, Inc. (NYSE:ALK) VP Christopher Michael Berry sold 460 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction of $44,620.00. Following the transaction, the vice president now directly owns 1,997 shares in the company, valued at $193,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Alaska Air Group, Inc. (NYSE:ALK) traded up $1.29 during trading hours on Monday, hitting $66.01. 3,346,500 shares of the company were exchanged, compared to its average volume of 3,160,000. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8,120.00, a price-to-earnings ratio of 7.96, a PEG ratio of 3.33 and a beta of 0.85. Alaska Air Group, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $101.43.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 earnings per share. analysts forecast that Alaska Air Group, Inc. will post 5.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s payout ratio is 14.48%.

Several large investors have recently modified their holdings of the stock. Thrivent Financial For Lutherans increased its stake in Alaska Air Group by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,670 shares of the transportation company’s stock valued at $419,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Alaska Air Group by 24.1% during the second quarter. The Manufacturers Life Insurance Company now owns 205,247 shares of the transportation company’s stock valued at $18,423,000 after purchasing an additional 39,837 shares during the last quarter. Nomura Holdings Inc. increased its stake in Alaska Air Group by 71.4% during the second quarter. Nomura Holdings Inc. now owns 10,660 shares of the transportation company’s stock valued at $957,000 after purchasing an additional 4,441 shares during the last quarter. Afam Capital Inc. increased its stake in Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock valued at $1,084,000 after purchasing an additional 164 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Alaska Air Group by 8,840.6% during the second quarter. Advisory Services Network LLC now owns 2,861 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 2,829 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ALK has been the topic of a number of recent research reports. Imperial Capital reduced their target price on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday, October 26th. UBS Group raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Buckingham Research reduced their target price on shares of Alaska Air Group from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Alaska Air Group currently has an average rating of “Buy” and an average target price of $87.68.

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Alaska Air Group Company Profile

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.

Insider Buying and Selling by Quarter for Alaska Air Group (NYSE:ALK)

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