Alaska Air Group Inc. (NYSE:ALK) VP Mark G. Eliasen sold 2,200 shares of Alaska Air Group stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $65.60, for a total transaction of $144,320.00. Following the completion of the sale, the vice president now owns 3,040 shares of the company’s stock, valued at $199,424. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Alaska Air Group Inc. (NYSE:ALK) opened at 68.71 on Wednesday. The firm has a market cap of $8.46 billion, a PE ratio of 9.51 and a beta of 0.88. Alaska Air Group Inc. has a 52 week low of $54.51 and a 52 week high of $87.17. The firm’s 50-day moving average is $67.27 and its 200 day moving average is $68.26.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.03. The business earned $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Alaska Air Group had a return on equity of 36.88% and a net margin of 15.86%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 earnings per share. Equities research analysts forecast that Alaska Air Group Inc. will post $7.05 EPS for the current year.

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

Large investors have recently modified their holdings of the company. Nuveen Asset Management LLC increased its stake in shares of Alaska Air Group by 28.2% in the first quarter. Nuveen Asset Management LLC now owns 380,230 shares of the company’s stock valued at $31,186,000 after buying an additional 83,630 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Alaska Air Group by 3.8% in the first quarter. Geode Capital Management LLC now owns 819,428 shares of the company’s stock valued at $67,209,000 after buying an additional 30,102 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Alaska Air Group by 22.5% in the first quarter. First Republic Investment Management Inc. now owns 8,722 shares of the company’s stock valued at $715,000 after buying an additional 1,602 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Alaska Air Group during the second quarter valued at $227,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Alaska Air Group during the first quarter valued at $2,528,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

ALK has been the subject of several research reports. Morgan Stanley restated a “buy” rating and set a $85.00 price objective on shares of Alaska Air Group in a research note on Thursday, August 11th. Vetr upgraded shares of Alaska Air Group from a “buy” rating to a “strong-buy” rating and set a $81.75 price objective for the company in a research note on Wednesday, September 7th. Imperial Capital initiated coverage on shares of Alaska Air Group in a research note on Friday, September 23rd. They set an “in-line” rating and a $74.00 price objective for the company. Credit Suisse Group AG set a $85.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $86.48.

About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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