Insider Selling: Alaska Air Group VP Unloads 4,069 Shares of Stock (ALK)
Alaska Air Group (NYSE:ALK) VP Andrew R. Harrison sold 4,069 shares of Alaska Air Group stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $81.53, for a total transaction of $331,745.57. Following the sale, the vice president now directly owns 4,241 shares in the company, valued at approximately $345,769. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ALK shares. 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 issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.00.
Alaska Air Group (NYSE:ALK) traded up 2.55% during mid-day trading 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’s 50-day moving average is $77.25 and its 200-day moving average is $69.13. The company has a market cap of $5.602 billion and a P/E 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. Alaska Air Group’s revenue was up 6.9% compared to the same quarter last year. 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.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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