Advisors Asset Management Inc. Purchases 6,065 Shares of 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 position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 355.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,770 shares of the transportation company's stock after purchasing an additional 6,065 shares during the quarter. Advisors Asset Management Inc.'s holdings in Alaska Air Group were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Alaska Air Group by 1.5% during the 1st quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock worth $158,693,000 after purchasing an additional 47,184 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of 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 increased its position in shares of Alaska Air Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after purchasing an additional 321,505 shares in the last quarter. Northern Trust Corp grew its holdings in Alaska Air Group by 36.7% during the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock worth $52,307,000 after acquiring an additional 285,382 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Alaska Air Group by 22.1% during the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock worth $63,064,000 after acquiring an additional 176,576 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares of the company's stock, valued at approximately $1,007,454.60. This represents a 28.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,514 shares of company stock worth $1,031,306 in the last quarter. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

ALK has been the topic of a number of research analyst reports. UBS Group raised shares of Alaska Air Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $56.00 to $90.00 in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday. Susquehanna increased their price objective 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. Raymond James Financial raised shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a report on Monday, August 25th. Finally, Barclays increased their price objective on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, Alaska Air Group presently has a consensus rating of "Buy" and a consensus price target of $71.15.

Alaska Air Group Trading Down 0.7%

Shares of NYSE:ALK traded down $0.46 during trading on Friday, hitting $63.40. 2,724,943 shares of the company's stock were exchanged, compared to its average volume of 2,227,651. Alaska Air Group, Inc. has a 1-year low of $39.10 and a 1-year high of $78.08. The firm has a 50-day moving average price of $56.32 and a two-hundred day moving average price of $52.65. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The firm has a market cap of $7.31 billion, a P/E ratio of 25.77, a PEG ratio of 0.70 and a beta of 1.45.

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

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.