Advisors Asset Management Inc. Increases Stake in Alaska Air Group, Inc. $ALK

Key Points

• Advisors Asset Management Inc. increased its stake in Alaska Air Group by 355.7% in the first quarter, owning 7,770 shares valued at $382,000.
• Several major investors, including American Century Companies Inc. and Point72 Asset Management L.P., have also significantly increased their holdings in Alaska Air Group.
• Analysts have a consensus rating of "Moderate Buy" for Alaska Air Group, with prices targets ranging from $56.00 to $70.00, indicating positive future growth expectations.

Advisors Asset Management Inc. increased its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 355.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,770 shares of the transportation company's stock after buying an additional 6,065 shares during the period. Advisors Asset Management Inc.'s holdings in Alaska Air Group were worth $382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ALK. Brooklyn Investment Group raised its stake in Alaska Air Group by 41.1% in the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Perkins Coie Trust Co raised its position in shares of Alaska Air Group by 125.7% during the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after buying an additional 377 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Alaska Air Group during the 4th quarter valued at $38,000. UMB Bank n.a. raised its position in shares of 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 buying an additional 1,065 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Alaska Air Group during the 1st quarter valued at $71,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Up 1.6%

NYSE:ALK traded up $0.91 during midday trading on Wednesday, reaching $58.51. 2,608,784 shares of the stock traded hands, compared to its average volume of 2,560,320. The company has a fifty day moving average of $56.82 and a 200 day moving average of $52.50. Alaska Air Group, Inc. has a 12 month low of $39.10 and a 12 month high of $78.08. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. The stock has a market capitalization of $6.75 billion, a P/E ratio of 23.78, a PEG ratio of 0.63 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The company's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior 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, research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In related news, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the sale, the senior vice president owned 20,917 shares in the company, valued at $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the transaction, the chief financial officer owned 43,335 shares of the company's stock, valued at $2,472,695.10. This trade represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 in the last 90 days. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their price target on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday. UBS Group raised Alaska Air Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $56.00 to $90.00 in a report on Friday, September 12th. Raymond James Financial raised shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research note on Monday, August 25th. 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 research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Alaska Air Group presently has an average rating of "Buy" and a consensus target price of $71.92.

Alaska Air Group 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.