Alaska Air Group Insider Sells $222,600 in Stock (ALK)
Alaska Air Group (NYSE:ALK) Insider Glenn S. Johnson sold 2,800 shares of the stock on the open market in a transaction dated Friday, February 14th. The stock was sold at an average price of $79.50, for a total value of $222,600.00. Following the completion of the transaction, the insider now directly owns 18,160 shares of the company’s stock, valued at approximately $1,443,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Alaska Air Group (NYSE:ALK) traded up 2.55% on Friday, hitting $81.49. The stock had a trading volume of 958,846 shares. Alaska Air Group has a one year low of $48.64 and a one year high of $82.08. The stock has a 50-day moving average of $77.25 and a 200-day moving average of $69.13. The company has a market cap of $5.602 billion and a price-to-earnings ratio of 11.10.
Alaska Air Group (NYSE:ALK) last released its earnings data on Thursday, January 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.16. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Alaska Air Group will post $6.52 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.25 per share.
ALK has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Alaska Air Group from $84.00 to $91.00 in a research note on Tuesday, February 4th. They now have an “equal weight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Alaska Air Group from a “neutral” rating to an “overweight” rating in a research note on Friday, January 31st. They now have a $97.00 price target on the stock, up previously from $70.50. Finally, analysts at Imperial Capital raised their price target on shares of Alaska Air Group from $86.00 to $90.00 in a research note on Friday, January 24th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus price target of $82.00.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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