Insider Selling: Alaska Air Group VP Sells 1,700 Shares of Stock (ALK)
Alaska Air Group (NYSE:ALK) VP Joseph Sprague sold 1,700 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $59.64, for a total value of $101,388.00. Following the sale, the vice president now directly owns 10,722 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
ALK has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Alaska Air Group (NYSE:ALK) in a research note to investors on Tuesday, July 23rd. They set a “buy” rating on the stock. Analysts at Raymond James cut their price target on shares of Alaska Air Group (NYSE:ALK) from $69.00 to $62.00 in a research note to investors on Tuesday, June 25th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.40.
Shares of Alaska Air Group (NYSE:ALK) traded up 1.75% during mid-day trading on Friday, hitting $60.34. 445,577 shares of the company’s stock traded hands. Alaska Air Group has a one year low of $32.77 and a one year high of $68.00. The stock has a 50-day moving average of $59.53 and a 200-day moving average of $58.8. The company has a market cap of $4.216 billion and a price-to-earnings ratio of 12.13.
Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, July 25th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.51 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Alaska Air Group will post $4.98 earnings per share for the current fiscal year.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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