Investors Sell Alaska Air Group (ALK) on Strength (ALK)

Investors sold shares of Alaska Air Group (NYSE:ALK) on strength during trading on Monday. $97.84 million flowed into the stock on the tick-up and $117.98 million flowed out of the stock on the tick-down, for a money net flow of $20.14 million out of the stock. Of all equities tracked, Alaska Air Group had the 30th highest net out-flow for the day. Alaska Air Group traded up $3.72 for the day and closed at $69.11

Several brokerages have recently weighed in on ALK. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price objective on shares of Alaska Air Group in a report on Monday. Imperial Capital upped their target price on shares of Alaska Air Group from $66.00 to $68.00 and gave the stock an “in-line” rating in a report on Tuesday, April 17th. Citigroup upped their target price on shares of Alaska Air Group from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, April 16th. Morgan Stanley upped their target price on shares of Alaska Air Group from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. Finally, TheStreet lowered shares of Alaska Air Group from a “b-” rating to a “c+” rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Alaska Air Group has an average rating of “Hold” and an average price target of $84.21.

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The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8,042.75, a PE ratio of 10.41, a PEG ratio of 1.47 and a beta of 0.75.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Monday, April 23rd. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.39%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. equities analysts predict that Alaska Air Group will post 5.71 EPS for the current year.

In other Alaska Air Group news, VP Christopher Michael Berry sold 460 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the sale, the vice president now directly owns 1,997 shares of the company’s stock, valued at approximately $193,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary L. Beck sold 6,360 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $65.10, for a total transaction of $414,036.00. Following the completion of the sale, the chief executive officer now directly owns 3,316 shares of the company’s stock, valued at $215,871.60. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock valued at $884,697 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives bought a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $105,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Alaska Air Group by 55.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 888 shares during the period. Wetherby Asset Management Inc. bought a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $206,000. Nwam LLC bought a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $214,000. Finally, Hourglass Capital LLC bought a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $217,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

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About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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