Alaska Air Group, Inc. $ALK Position Decreased by Ieq Capital LLC

Key Points

• Ieq Capital LLC has reduced its stake in Alaska Air Group by 31.9%, holding 44,902 shares worth approximately $2.21 million after selling 21,065 shares in the first quarter.
• Multiple hedge funds, including Point72 Asset Management and SG Americas Securities, significantly increased their positions in Alaska Air Group, highlighting growing institutional interest, with 81.90% of the company now owned by such investors.
• Analysts are optimistic about Alaska Air Group, with several raising their price targets, leading to a consensus rating of "Moderate Buy" and an average price target of $68.00.

Ieq Capital LLC cut its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,902 shares of the transportation company's stock after selling 21,065 shares during the period. Ieq Capital LLC's holdings in Alaska Air Group were worth $2,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ALK. Brooklyn Investment Group raised its holdings in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after purchasing an additional 184 shares during the period. Perkins Coie Trust Co raised its holdings in shares of Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after purchasing an additional 377 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $38,000. UMB Bank n.a. raised its holdings in shares of Alaska Air Group by 459.1% during the first quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock worth $64,000 after purchasing an additional 1,065 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Alaska Air Group during the first quarter worth $71,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alaska Air Group

In other news, CFO Shane R. Tackett sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer owned 43,335 shares in the company, valued at approximately $2,472,695.10. This trade represents a 10.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction dated 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 owned 20,917 shares of the company's stock, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,514 shares of company stock valued at $1,031,306. Company insiders own 1.00% of the company's stock.

Alaska Air Group Price Performance

Alaska Air Group stock traded up $0.28 during trading hours on Friday, hitting $63.09. 2,815,716 shares of the company traded hands, compared to its average volume of 2,123,331. The firm has a market cap of $7.27 billion, a P/E ratio of 25.64, a P/E/G ratio of 0.61 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The firm's 50-day simple moving average is $55.05 and its two-hundred day simple moving average is $52.96. Alaska Air Group, Inc. has a 1-year low of $37.00 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.56 by $0.22. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. Alaska Air Group's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $2.55 EPS. 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, analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALK. Barclays increased their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Susquehanna upped their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. Raymond James Financial upgraded shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Monday, August 25th. Finally, UBS Group upped their price target on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.00.

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.