Alaska Air Group, Inc. $ALK Holdings Lifted by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Alaska Air Group, Inc. by 28.0% during the second quarter, owning 29,153 shares valued at approximately $1.44 million.
• Alaska Air Group reported earnings of $1.78 per share for the quarter, exceeding analyst expectations of $1.56 and showing a year-over-year revenue increase of 27.9% to $3.70 billion.
• Institutional investors collectively own 81.90% of Alaska Air Group's stock, with various funds making significant increases to their holdings over recent quarters.

Vanguard Personalized Indexing Management LLC lifted its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 28.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,153 shares of the transportation company's stock after purchasing an additional 6,371 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Alaska Air Group were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ALK. Brighton Jones LLC boosted its position in shares of Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after purchasing an additional 92,416 shares during the period. GAMMA Investing LLC boosted its position in shares of Alaska Air Group by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 4,033 shares of the transportation company's stock valued at $199,000 after purchasing an additional 571 shares during the period. Fifth Third Bancorp boosted its position in shares of Alaska Air Group by 96.3% in the 1st quarter. Fifth Third Bancorp now owns 1,926 shares of the transportation company's stock valued at $95,000 after purchasing an additional 945 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alaska Air Group by 2.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company's stock valued at $1,238,000 after purchasing an additional 713 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Alaska Air Group by 113.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,310 shares of the transportation company's stock valued at $852,000 after purchasing an additional 9,205 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Down 0.9%

ALK opened at $47.36 on Friday. Alaska Air Group, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $78.08. The business has a 50-day moving average of $55.75 and a 200-day moving average of $51.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $5.46 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping 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 the consensus estimate of $3.65 billion. During the same period last year, the business earned $2.55 EPS. The business's quarterly 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 research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In other 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 transaction of $404,472.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly 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 disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 in the last three months. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna set a $58.00 price target on Alaska Air Group and gave the company a "positive" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Alaska Air Group in a research report on Wednesday, October 8th. Raymond James Financial set a $68.00 price target on Alaska Air Group and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Evercore ISI decreased their price objective on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. raised their price objective on 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.62.

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.

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