Alaska Air Group, Inc. (NYSE:ALK) posted its quarterly earnings results on Wednesday. The transportation company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.52 by $0.01, MarketWatch Earnings reports. Alaska Air Group had a net margin of 11.51% and a return on equity of 30.01%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was up 40.7% on a year-over-year basis.

Shares of Alaska Air Group (ALK) traded down 2.8803% during mid-day trading on Wednesday, reaching $84.6204. 486,156 shares of the company’s stock traded hands. Alaska Air Group has a 12-month low of $64.19 and a 12-month high of $101.43. The firm’s 50 day moving average price is $90.44 and its 200-day moving average price is $91.19. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 14.4133 and a beta of 0.97.

In other news, Chairman Bradley D. Tilden sold 4,700 shares of Alaska Air Group stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $84.63, for a total value of $397,761.00. Following the completion of the transaction, the chairman now owns 148,646 shares in the company, valued at approximately $12,579,910.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bradley D. Tilden sold 6,500 shares of Alaska Air Group stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $88.72, for a total value of $576,680.00. Following the completion of the transaction, the chairman now owns 148,446 shares of the company’s stock, valued at approximately $13,170,129.12. The disclosure for this sale can be found here. Insiders sold a total of 23,800 shares of company stock valued at $2,139,479 in the last quarter. Company insiders own 0.57% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its position in shares of Alaska Air Group by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,250 shares of the transportation company’s stock valued at $377,000 after buying an additional 240 shares during the last quarter. USA Financial Portformulas Corp boosted its position in shares of Alaska Air Group by 14.7% in the fourth quarter. USA Financial Portformulas Corp now owns 18,259 shares of the transportation company’s stock valued at $1,620,000 after buying an additional 2,345 shares during the last quarter. M Holdings Securities Inc. bought a new position in shares of Alaska Air Group during the fourth quarter valued at about $264,000. Teachers Advisors LLC boosted its position in shares of Alaska Air Group by 21.2% in the fourth quarter. Teachers Advisors LLC now owns 411,844 shares of the transportation company’s stock valued at $36,543,000 after buying an additional 72,076 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in shares of Alaska Air Group during the fourth quarter valued at about $794,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Several research firms have weighed in on ALK. J P Morgan Chase & Co set a $116.00 price target on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Saturday, April 1st. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, July 4th. Bank of America Corporation lifted their price objective on shares of Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, June 30th. Cowen and Company reiterated a “market perform” rating and set a $102.00 price objective on shares of Alaska Air Group in a report on Monday, April 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price objective on shares of Alaska Air Group in a report on Friday, May 26th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $105.41.

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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.

Earnings History for Alaska Air Group (NYSE:ALK)

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