Analysts at Macquarie began coverage on shares of Alaska Air Group, Inc. (NYSE:ALK) in a report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the transportation company’s stock.

ALK has been the topic of a number of other reports. BidaskClub downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $103.00 target price on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Alaska Air Group presently has a consensus rating of “Buy” and an average target price of $104.55.

Alaska Air Group (NYSE ALK) traded up 0.07% during trading on Monday, reaching $74.80. 1,099,832 shares of the company were exchanged. Alaska Air Group has a one year low of $64.19 and a one year high of $101.43. The firm’s 50-day moving average is $78.55 and its 200 day moving average is $86.73. The company has a market capitalization of $9.24 billion, a P/E ratio of 12.16 and a beta of 1.00.

Alaska Air Group (NYSE:ALK) last announced its earnings results 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 company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The company’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 earnings per share. On average, analysts anticipate that Alaska Air Group will post $7.53 EPS for the current fiscal year.

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In related news, Chairman Bradley D. Tilden sold 2,400 shares of Alaska Air Group stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total value of $205,992.00. Following the transaction, the chairman now directly owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Bradley D. Tilden sold 5,600 shares of Alaska Air Group stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total transaction of $529,088.00. Following the completion of the transaction, the chairman now directly owns 145,546 shares in the company, valued at $13,751,186.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,350 shares of company stock worth $937,251. 0.57% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new position in shares of Alaska Air Group in the first quarter worth $107,000. Tower Research Capital LLC TRC increased its stake in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the transportation company’s stock worth $121,000 after buying an additional 1,233 shares during the period. Bessemer Group Inc. increased its stake in shares of Alaska Air Group by 10.2% in the fourth quarter. Bessemer Group Inc. now owns 1,358 shares of the transportation company’s stock worth $121,000 after buying an additional 126 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in shares of Alaska Air Group in the second quarter worth $122,000. Finally, SRB Corp increased its stake in shares of Alaska Air Group by 8.4% in the third quarter. SRB Corp now owns 2,301 shares of the transportation company’s stock worth $152,000 after buying an additional 179 shares during the period. 87.76% of the stock is currently owned by institutional investors.

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.

The Fly

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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