Alaska Air Group Inc. (NYSE:ALK) Chairman Bradley D. Tilden sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the sale, the chairman now directly owns 23,900 shares in the company, valued at $1,594,608. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Alaska Air Group Inc. (NYSE:ALK) opened at 66.04 on Friday. Alaska Air Group Inc. has a 12-month low of $54.51 and a 12-month high of $87.17. The stock has a market capitalization of $8.13 billion, a P/E ratio of 9.14 and a beta of 0.85. The stock has a 50 day moving average price of $67.13 and a 200-day moving average price of $69.16.
Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, July 21st. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Alaska Air Group had a return on equity of 36.88% and a net margin of 15.86%. Alaska Air Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. Equities research analysts expect that Alaska Air Group Inc. will post $7.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, August 16th. Alaska Air Group’s dividend payout ratio (DPR) is presently 15.26%.
A number of analysts have issued reports on the company. Morgan Stanley reissued a “buy” rating and issued a $85.00 price target on shares of Alaska Air Group in a research note on Thursday, August 11th. Vetr raised Alaska Air Group from a “buy” rating to a “strong-buy” rating and set a $81.75 price target on the stock in a research note on Wednesday, September 7th. Credit Suisse Group AG set a $85.00 price target on Alaska Air Group and gave the stock a “buy” rating in a research note on Tuesday, September 13th. JPMorgan Chase & Co. raised Alaska Air Group from a “neutral” rating to an “overweight” rating and set a $78.50 price target on the stock in a research note on Wednesday, July 27th. Finally, Zacks Investment Research lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $87.52.
Several large investors have recently made changes to their positions in ALK. Acrospire Investment Management LLC bought a new stake in shares of Alaska Air Group during the first quarter worth about $107,000. BlackRock Group LTD raised its stake in shares of Alaska Air Group by 11.1% in the first quarter. BlackRock Group LTD now owns 92,404 shares of the company’s stock worth $7,579,000 after buying an additional 9,198 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in shares of Alaska Air Group by 1.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 116,818 shares of the company’s stock worth $9,581,000 after buying an additional 2,036 shares during the period. Bancorpsouth Inc. bought a new stake in shares of Alaska Air Group during the first quarter worth about $203,000. Finally, Teachers Advisors Inc. raised its stake in shares of Alaska Air Group by 7.4% in the first quarter. Teachers Advisors Inc. now owns 399,858 shares of the company’s stock worth $32,796,000 after buying an additional 27,673 shares during the period. 88.73% of the stock is currently owned by institutional investors.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.
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