Redwood Investment Management LLC Makes New $1.32 Million Investment in Alaska Air Group, Inc. $ALK

Key Points

• Redwood Investment Management LLC acquired 26,722 shares of Alaska Air Group, valued at approximately $1,315,000, indicating significant investment interest in the transportation company.
• Several hedge funds have increased their holdings in Alaska Air Group, with institutional investors now owning 81.90% of the company's stock, reflecting strong institutional confidence in the company.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Alaska Air Group, with a price target of $68.00, highlighting potential for growth in the company's stock value.

Redwood Investment Management LLC acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,722 shares of the transportation company's stock, valued at approximately $1,315,000.

A number of other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in Alaska Air Group by 1.5% during the first quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock worth $158,693,000 after buying an additional 47,184 shares in the last quarter. Point72 Asset Management L.P. increased its position in Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Alaska Air Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock valued at $94,028,000 after purchasing an additional 321,505 shares during the last quarter. Northern Trust Corp raised its stake in Alaska Air Group by 36.7% in the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock valued at $52,307,000 after purchasing an additional 285,382 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in Alaska Air Group by 22.1% in the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock valued at $63,064,000 after purchasing an additional 176,576 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the transaction, the executive vice president directly owned 18,930 shares of the company's stock, valued at $1,007,454.60. This trade represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the transaction, the chief financial officer owned 43,335 shares in the company, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,460 shares of company stock worth $1,182,553. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Trading Down 0.5%

Shares of NYSE ALK traded down $0.34 during midday trading on Friday, hitting $62.84. The stock had a trading volume of 1,641,801 shares, compared to its average volume of 2,150,883. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 1-year low of $35.67 and a 1-year high of $78.08. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.61 and a beta of 1.45. The company has a fifty day moving average price of $53.66 and a 200 day moving average price of $53.53.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate 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%. Alaska Air Group's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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, analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Barclays lifted their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group increased 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. Finally, Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and an average target price of $68.00.

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.