Alaska Air Group Inc. (NYSE:ALK) Chairman Bradley D. Tilden sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $68.88, for a total value of $137,760.00. Following the completion of the transaction, the chairman now directly owns 23,900 shares in the company, valued at approximately $1,646,232. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alaska Air Group Inc. (NYSE:ALK) opened at 68.11 on Monday. Alaska Air Group Inc. has a 52 week low of $54.51 and a 52 week high of $87.17. The company has a 50-day moving average price of $67.40 and a 200-day moving average price of $68.17. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 9.43 and a beta of 0.89.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 21st. The company reported $2.12 EPS for the quarter, topping 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 net margin of 15.86% and a return on equity of 36.88%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities research analysts anticipate 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)

Several research analysts recently issued reports on the company. Vetr raised Alaska Air Group from a “buy” rating to a “strong-buy” rating and set a $81.75 price objective on the stock in a research note on Wednesday, September 7th. Credit Suisse Group AG set a $85.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a research note on Tuesday, September 13th. JPMorgan Chase & Co. raised Alaska Air Group from a “neutral” rating to an “overweight” rating and set a $78.50 price objective on the stock in a research note on Wednesday, July 27th. Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Finally, Imperial Capital initiated coverage on Alaska Air Group in a report on Friday, September 23rd. They set an “in-line” rating and a $74.00 target price for the company. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and an average target price of $86.48.

Several institutional investors have recently bought and sold shares of ALK. Vanguard Group Inc. increased its position in shares of Alaska Air Group by 22.6% in the second quarter. Vanguard Group Inc. now owns 11,663,763 shares of the company’s stock worth $679,880,000 after buying an additional 2,146,350 shares during the last quarter. State Street Corp increased its position in shares of Alaska Air Group by 21.4% in the second quarter. State Street Corp now owns 3,950,210 shares of the company’s stock worth $230,257,000 after buying an additional 695,892 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Alaska Air Group by 37.8% in the first quarter. Wellington Management Group LLP now owns 1,769,954 shares of the company’s stock worth $145,171,000 after buying an additional 485,864 shares during the last quarter. LSV Asset Management increased its position in shares of Alaska Air Group by 0.6% in the second quarter. LSV Asset Management now owns 1,261,547 shares of the company’s stock worth $73,535,000 after buying an additional 7,990 shares during the last quarter. Finally, Allianz Asset Management AG increased its position in shares of Alaska Air Group by 1.6% in the second quarter. Allianz Asset Management AG now owns 1,221,669 shares of the company’s stock worth $71,211,000 after buying an additional 19,581 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Alaska Air Group Company Profile

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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