Alaska Air Group, Inc. (ALK) VP Christopher Michael Berry Sells 460 Shares

Alaska Air Group, Inc. (NYSE:ALK) VP Christopher Michael Berry sold 460 shares of Alaska Air Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction of $44,620.00. Following the sale, the vice president now owns 1,997 shares of the company’s stock, valued at $193,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Alaska Air Group, Inc. (NYSE ALK) traded up $1.29 during mid-day trading on Monday, reaching $66.01. 3,346,500 shares of the company’s stock were exchanged, compared to its average volume of 3,160,000. The firm has a market capitalization of $8,120.00, a PE ratio of 7.96, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. Alaska Air Group, Inc. has a 1 year low of $59.25 and a 1 year high of $101.43.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. Alaska Air Group’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 earnings per share. research analysts anticipate that Alaska Air Group, Inc. will post 5.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.94%. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 16th. Alaska Air Group’s payout ratio is 14.48%.

A number of hedge funds have recently made changes to their positions in the business. Sentry Investment Management LLC lifted its position in Alaska Air Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock valued at $819,000 after buying an additional 98 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Alaska Air Group by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,670 shares of the transportation company’s stock worth $419,000 after purchasing an additional 140 shares in the last quarter. Afam Capital Inc. lifted its position in shares of Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock worth $1,084,000 after purchasing an additional 164 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of Alaska Air Group by 4.0% during the third quarter. Hennessy Advisors Inc. now owns 20,800 shares of the transportation company’s stock worth $1,586,000 after purchasing an additional 800 shares in the last quarter. Finally, Palladium Partners LLC lifted its position in shares of Alaska Air Group by 11.7% during the fourth quarter. Palladium Partners LLC now owns 7,980 shares of the transportation company’s stock worth $587,000 after purchasing an additional 835 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ALK has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Raymond James Financial upgraded shares of Alaska Air Group from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $85.00 to $80.00 in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Bank of America downgraded shares of Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $87.68.

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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.

Insider Buying and Selling by Quarter for Alaska Air Group (NYSE:ALK)

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