Alaska Air Group, Inc. $ALK Stake Raised 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 boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,700 shares of the transportation company's stock after acquiring 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.

Other institutional investors also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board acquired a new position in shares of Alaska Air Group during the first quarter valued at $1,235,000. Cambridge Investment Research Advisors Inc. grew its position in Alaska Air Group by 416.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company's stock valued at $1,501,000 after buying an additional 24,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Alaska Air Group by 2.9% during 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 buying an additional 713 shares during the period. KBC Group NV acquired a new position in Alaska Air Group during the 1st quarter valued at about $76,000. Finally, Bank of New York Mellon Corp raised its position in shares of Alaska Air Group by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after buying an additional 79,099 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Price Performance

Shares of ALK traded down $0.46 during trading hours on Friday, hitting $63.40. 2,724,943 shares of the company were exchanged, compared to its average volume of 2,227,651. 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 $7.31 billion, a PE ratio of 25.77, a PEG ratio of 0.70 and a beta of 1.45. The firm has a fifty day simple moving average of $56.32 and a 200-day simple moving average of $52.65. Alaska Air Group, Inc. has a one year low of $39.10 and a one year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $2.55 earnings per share. Alaska Air Group's revenue for the quarter was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Buying and Selling at Alaska Air Group

In other news, 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 transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the sale, the chief financial officer owned 43,335 shares of the company's stock, valued at approximately $2,472,695.10. This trade represents a 10.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,514 shares of company stock valued at $1,031,306. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALK has been the subject of several recent analyst reports. UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $56.00 to $90.00 in a report on Friday. Susquehanna increased their price target on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research note on Tuesday, August 5th. Raymond James Financial upgraded 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 report on Monday, August 25th. JPMorgan Chase & Co. boosted their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Barclays upped their price objective on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $71.15.

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.