Alaska Air Group, Inc. (ALK) EVP Andrew R. Harrison Sells 2,350 Shares
Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 2,350 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total value of $202,170.50. Following the completion of the transaction, the executive vice president now directly owns 21,328 shares in the company, valued at $1,834,847.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Alaska Air Group, Inc. (ALK) traded down 0.285% during midday trading on Tuesday, reaching $85.755. The company’s stock had a trading volume of 76,848 shares. The firm has a market capitalization of $10.59 billion, a P/E ratio of 13.946 and a beta of 0.95. Alaska Air Group, Inc. has a 12-month low of $64.19 and a 12-month high of $101.43. The stock has a 50-day moving average of $89.87 and a 200 day moving average of $90.99.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.52 by $0.01. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The company’s revenue was up 40.7% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. Equities research analysts predict that Alaska Air Group, Inc. will post $7.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. Alaska Air Group’s dividend payout ratio (DPR) is currently 19.48%.
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A number of equities analysts recently commented on the company. Zacks Investment Research cut Alaska Air Group from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut Alaska Air Group from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 target price on shares of Alaska Air Group in a report on Friday, May 26th. Cowen and Company reaffirmed an “outperform” rating and issued a $103.00 target price on shares of Alaska Air Group in a report on Tuesday, June 20th. Finally, Bank of America Corporation raised their target price on Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.41.
Hedge funds have recently added to or reduced their stakes in the company. Regentatlantic Capital LLC boosted its stake in Alaska Air Group by 0.7% in the first quarter. Regentatlantic Capital LLC now owns 2,907 shares of the transportation company’s stock worth $268,000 after buying an additional 20 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Alaska Air Group by 0.7% in the first quarter. Cleararc Capital Inc. now owns 3,001 shares of the transportation company’s stock worth $277,000 after buying an additional 20 shares in the last quarter. ING Groep NV boosted its stake in Alaska Air Group by 0.5% in the second quarter. ING Groep NV now owns 6,325 shares of the transportation company’s stock worth $568,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Alaska Air Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 11,691 shares of the transportation company’s stock worth $1,049,000 after buying an additional 44 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Alaska Air Group by 1.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,198 shares of the transportation company’s stock worth $295,000 after buying an additional 45 shares in the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.
Alaska Air Group Company Profile
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.
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