Alaska Air Group, Inc. $ALK Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Alaska Air Group stake by 1,445.3% in the second quarter, acquiring 81,545 additional shares for a total of 87,187 shares valued at approximately $4.55 million. Institutional investors and hedge funds own 81.9% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings, one Hold and two Sell ratings. Alaska Air Group has a consensus rating of Moderate Buy and an average price target of $60.12.
• The company’s latest quarterly results beat EPS expectations, reporting a loss of $0.92 per share versus the projected $0.99 loss, while revenue reached $4.07 billion. CEO Benito Minicucci bought 25,000 shares, although EVP Andrew Harrison sold 5,300 shares.

Engineers Gate Manager LP grew its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 1,445.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 87,187 shares of the transportation company's stock after acquiring an additional 81,545 shares during the period. Engineers Gate Manager LP owned about 0.08% of Alaska Air Group worth $4,551,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ALK. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. lifted its stake in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company's stock worth $34,000 after purchasing an additional 485 shares in the last quarter. Compound Global Advisors LLC acquired a new position in Alaska Air Group during the second quarter worth $39,000. Cedar Mountain Advisors LLC boosted its position in shares of Alaska Air Group by 963.3% during the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company's stock worth $44,000 after buying an additional 761 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company's stock worth $58,000 after buying an additional 385 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ALK. Susquehanna boosted their price objective on Alaska Air Group from $50.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, July 7th. Barclays set a $52.00 target price on Alaska Air Group and gave the company an "overweight" rating in a report on Friday. TD Cowen reiterated a "buy" rating and set a $46.00 price target (down from $59.00) on shares of Alaska Air Group in a research note on Monday, August 24th. Bank of America boosted their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Finally, UBS Group reduced their price target on shares of Alaska Air Group from $56.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Alaska Air Group presently has a consensus rating of "Moderate Buy" and an average target price of $60.12.

Alaska Air Group Trading Up 2.7%

Shares of NYSE:ALK opened at $41.18 on Friday. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company's 50 day moving average is $45.37 and its two-hundred day moving average is $43.91. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The company has a market cap of $4.59 billion, a PE ratio of -26.23 and a beta of 1.28.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities analysts predict that Alaska Air Group, Inc. will post -1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares of the company's stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Benito Minicucci acquired 25,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the purchase, the chief executive officer owned 256,582 shares of the company's stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by company insiders.

Alaska Air Group Profile

Alaska Air Group, Inc is an airline holding company whose principal subsidiaries include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. The company provides scheduled passenger and air cargo transportation, along with related services such as aircraft maintenance and ground handling through affiliated businesses.

Alaska Airlines serves destinations throughout the United States, Canada, Mexico, Costa Rica and other parts of North America, while Hawaiian Airlines connects the Hawaiian Islands with the U.S.

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