23,779 Shares in Alaska Air Group, Inc. $ALK Bought by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC has acquired 23,779 shares of Alaska Air Group, valued at approximately $1.17 million, indicating increased institutional interest in the company's stock.
• Analysts have raised their price targets for Alaska Air Group stock, with a consensus target of $67.83, reflecting an overall positive outlook as eleven analysts rate it as a Buy.
• In its latest earnings report, Alaska Air Group reported $1.78 EPS, surpassing estimates, and revealed a revenue increase of 27.9% compared to the previous year.

Oliver Luxxe Assets LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,779 shares of the transportation company's stock, valued at approximately $1,170,000.

A number of other large investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new position in shares of Alaska Air Group in the fourth quarter valued at about $38,000. Brooklyn Investment Group boosted its holdings in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after purchasing an additional 184 shares during the period. Perkins Coie Trust Co grew its stake in shares of Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after purchasing an additional 377 shares during the last quarter. UMB Bank n.a. increased its holdings in Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after purchasing an additional 1,065 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Alaska Air Group during the 1st quarter valued at about $71,000. Institutional investors own 81.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ALK shares. Barclays increased their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Susquehanna upped their target price on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. Finally, UBS Group raised their price target on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Alaska Air Group has an average rating of "Moderate Buy" and a consensus target price of $67.83.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $59.3020 on Friday. Alaska Air Group, Inc. has a fifty-two week low of $34.60 and a fifty-two week high of $78.08. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.58 and a beta of 1.45. The stock's 50 day simple moving average is $52.22 and its two-hundred day simple moving average is $53.84. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the business posted $2.55 EPS. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. As a group, analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In related news, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at $2,472,695.10. This trade represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the transaction, the senior vice president directly owned 20,917 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 21,460 shares of company stock worth $1,182,553. Corporate insiders own 1.00% of the company's stock.

About Alaska Air Group

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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