Maryland State Retirement & Pension System Reduces Holdings in Alaska Air Group, Inc. $ALK

Key Points

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Maryland State Retirement & Pension System decreased its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,864 shares of the transportation company's stock after selling 44,041 shares during the quarter. Maryland State Retirement & Pension System's holdings in Alaska Air Group were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $38,000. Perkins Coie Trust Co boosted its position 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 valued at $33,000 after buying an additional 377 shares during the last quarter. UMB Bank n.a. boosted its position 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 valued at $64,000 after buying an additional 1,065 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Alaska Air Group during the first quarter valued at approximately $71,000. Finally, KBC Group NV purchased a new position in shares of Alaska Air Group during the first quarter valued at approximately $76,000. Institutional investors own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,600 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares of the company's stock, valued at $1,007,454.60. This represents a 28.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Emily Halverson sold 2,946 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the transaction, the vice president directly owned 8,253 shares in the company, valued at $423,709.02. This represents a 26.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,460 shares of company stock worth $1,182,553 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Performance

ALK stock traded up $4.3820 during midday trading on Friday, hitting $59.3020. The company's stock had a trading volume of 2,761,305 shares, compared to its average volume of 2,310,572. The stock's 50-day moving average price is $52.22 and its 200 day moving average price is $53.84. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 1 year low of $34.60 and a 1 year high of $78.08. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.58 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. The business's revenue was up 27.9% on a year-over-year basis. 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 forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALK shares. UBS Group lifted their target price on Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Barclays lifted their target price 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. TD Cowen lifted their target price on Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Susquehanna lifted their target price 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. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Alaska Air Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.83.

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.