Alaska Air Group, Inc. $ALK Shares Purchased by U S Global Investors Inc.

Key Points

• U S Global Investors Inc. increased its stake in Alaska Air Group by 12.0%, owning approximately 479,052 shares worth about $23.7 million as of the most recent quarter.
• Insiders have sold a total of 18,514 shares of Alaska Air stock worth over $1 million in the last 90 days, indicating significant insider activity.
• Analysts have set a wide range of price targets for Alaska Air shares, with targets ranging from $58.00 to $96.00, reflecting varying outlooks on the company's performance.

U S Global Investors Inc. raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 479,052 shares of the transportation company's stock after purchasing an additional 51,492 shares during the period. Alaska Air Group accounts for approximately 2.8% of U S Global Investors Inc.'s holdings, making the stock its 7th biggest position. U S Global Investors Inc. owned approximately 0.39% of Alaska Air Group worth $23,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. UMB Bank n.a. raised its position in shares of Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock worth $64,000 after buying an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Alaska Air Group by 28.8% during the 1st quarter. Farther Finance Advisors LLC now owns 5,643 shares of the transportation company's stock worth $277,000 after buying an additional 1,261 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Alaska Air Group by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 4,033 shares of the transportation company's stock worth $199,000 after buying an additional 571 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Alaska Air Group by 96.3% during the 1st quarter. Fifth Third Bancorp now owns 1,926 shares of the transportation company's stock worth $95,000 after buying an additional 945 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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 shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $341,533.50. Following 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 have sold 18,514 shares of company stock worth $1,031,306 over the last 90 days. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ALK. Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the stock a "positive" rating in a research report on Friday, October 3rd. Raymond James Financial set a $68.00 price target on shares of Alaska Air Group and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Zacks Research downgraded shares of Alaska Air Group from a "hold" rating to a "strong sell" rating in a report on Wednesday. Finally, UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Thirteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.62.

Alaska Air Group Stock Down 3.8%

NYSE ALK opened at $47.26 on Friday. 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's 50 day simple moving average is $56.23 and its 200 day simple moving average is $51.82. Alaska Air Group, Inc. has a 12 month low of $39.79 and a 12 month high of $78.08. The company has a market capitalization of $5.45 billion, a P/E ratio of 19.21, a PEG ratio of 0.76 and a beta of 1.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $2.55 earnings per share. The firm's revenue 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. Equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Alaska Air Group Company 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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