219,090 Shares in Alaska Air Group, Inc. $ALK Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC acquired 219,090 shares of Alaska Air Group, valued at approximately $10.78 million, representing about 0.18% ownership in the company.
• Insider activities included CFO Shane R. Tackett selling 5,000 shares, leading to a 10.34% decrease in his ownership, and SVP Kyle B. Levine selling 5,914 shares, reflecting a 22.04% decrease in his holdings.
• Alaska Air Group reported a quarterly earnings per share of $1.78, surpassing analysts' estimates, with analysts projecting an average price target of $67.83 for the stock.

Jump Financial LLC acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 219,090 shares of the transportation company's stock, valued at approximately $10,784,000. Jump Financial LLC owned approximately 0.18% of Alaska Air Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALK. Brighton Jones LLC raised its stake in Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. Mariner LLC raised its stake in Alaska Air Group by 19.3% in the fourth quarter. Mariner LLC now owns 14,295 shares of the transportation company's stock worth $926,000 after buying an additional 2,310 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Alaska Air Group in the fourth quarter worth approximately $202,000. Pinebridge Investments L.P. raised its stake in Alaska Air Group by 33.5% in the fourth quarter. Pinebridge Investments L.P. now owns 11,628 shares of the transportation company's stock worth $753,000 after buying an additional 2,917 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Alaska Air Group by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,229 shares of the transportation company's stock worth $5,519,000 after buying an additional 11,216 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Insider Activity at Alaska Air Group

In other news, CFO Shane R. Tackett sold 5,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total transaction of $285,300.00. Following the sale, the chief financial officer directly owned 43,335 shares of the company's stock, valued at $2,472,695.10. The trade was a 10.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president directly owned 20,917 shares in the company, valued at $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,460 shares of company stock valued at $1,182,553 over the last three months. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Price Performance

Shares of ALK opened at $59.3020 on Friday. The firm has a market capitalization of $6.84 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. Alaska Air Group, Inc. has a 1-year low of $34.60 and a 1-year high of $78.08. The company's fifty day moving average price is $52.22 and its 200-day moving average price is $53.84.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.22. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The business's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.55 earnings per share. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ALK shares. Susquehanna upped their price target on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. UBS Group upped their price target on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Barclays upped their price target on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Alaska Air Group has a consensus rating of "Moderate Buy" and an average price target of $67.83.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

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