Alaska Air Group, Inc. (NYSE:ALK) CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Alaska Air Group, Inc. (NYSE:ALK) traded down $0.18 during midday trading on Tuesday, reaching $68.10. 1,862,781 shares of the company’s stock traded hands, compared to its average volume of 1,490,028. 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, Inc. has a 1 year low of $61.10 and a 1 year high of $101.43. The firm has a market cap of $8,232.93, a PE ratio of 9.09 and a beta of 1.03.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company posted $2.20 earnings per share. The company’s revenue was up 35.4% compared to the same quarter last year. analysts expect that Alaska Air Group, Inc. will post 6.77 EPS for the current 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, November 20th. Alaska Air Group’s dividend payout ratio (DPR) is presently 19.26%.

ALK has been the topic of a number of research reports. Imperial Capital decreased their price target on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research note on Thursday, October 26th. Morgan Stanley reissued an “overweight” rating on shares of Alaska Air Group in a report on Tuesday, September 12th. BidaskClub downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Bank of America cut their price target on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a report on Friday, October 13th. Finally, UBS raised shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Two research 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $91.27.

Several institutional investors and hedge funds have recently bought and sold shares of ALK. Egerton Capital UK LLP grew its holdings in Alaska Air Group by 51.6% in the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock worth $341,422,000 after purchasing an additional 1,524,149 shares during the period. Principal Financial Group Inc. grew its holdings in Alaska Air Group by 149.3% in the second quarter. Principal Financial Group Inc. now owns 1,230,588 shares of the transportation company’s stock worth $110,457,000 after purchasing an additional 737,020 shares during the period. Janus Henderson Group PLC acquired a new stake in Alaska Air Group in the second quarter worth $57,891,000. Ardevora Asset Management LLP acquired a new stake in Alaska Air Group in the third quarter worth $33,124,000. Finally, JPMorgan Chase & Co. grew its holdings in Alaska Air Group by 78.0% in the second quarter. JPMorgan Chase & Co. now owns 805,723 shares of the transportation company’s stock worth $72,323,000 after purchasing an additional 353,166 shares during the period. Institutional investors own 88.46% of the company’s stock.

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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.

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

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