Alaska Air Group, Inc. $ALK Shares Purchased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Alaska Air Group by 31.1% in the first quarter, owning 16,700 shares now worth $822,000.
• Alaska Air Group reported $1.78 EPS for the last quarter, surpassing predictions and showing a 27.9% revenue increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Alaska Air Group, with an average price target of $68.00.

Integrated Wealth Concepts LLC grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 31.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,700 shares of the transportation company's stock after purchasing an additional 3,965 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Alaska Air Group were worth $822,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of 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 valued at $158,693,000 after purchasing an additional 47,184 shares during the period. Point72 Asset Management L.P. grew 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 buying an additional 1,222,277 shares in the last quarter. Massachusetts Financial Services Co. MA grew 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 buying an additional 321,505 shares in the last quarter. Northern Trust Corp grew its position in shares of 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 buying an additional 285,382 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of 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 buying an additional 176,576 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped 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 research report on Friday, September 12th. Susquehanna raised their price objective on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price objective on Alaska Air Group from $73.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Finally, Barclays raised their price objective on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alaska Air Group has a consensus rating of "Buy" and a consensus price target of $71.92.

Insider Activity

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the business'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 sale, the senior vice president owned 20,917 shares of the company's stock, valued at $1,207,956.75. This trade represents 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 worth $1,031,306 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Performance

ALK stock traded up $0.91 during trading on Wednesday, hitting $58.51. 2,608,784 shares of the company traded hands, compared to its average volume of 2,560,320. The stock's 50-day simple moving average is $56.82 and its 200 day simple moving average is $52.50. 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 cap of $6.75 billion, a PE ratio of 23.78, a P/E/G ratio of 0.63 and a beta of 1.45. Alaska Air Group, Inc. has a 1 year low of $39.10 and a 1 year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.Alaska Air Group's quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned $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, equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

About Alaska Air Group

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.