Amundi Sells 54,527 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Amundi cut its Alaska Air Group stake by 90.9% in the second quarter, selling 54,527 shares and retaining 5,429 shares valued at approximately $283,000. Institutional investors collectively own 81.9% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $60.12. Ten analysts rate the stock a Buy, compared with one Hold and two Sell ratings.
• Alaska Air Group reported a quarterly loss of $0.92 per share, though it beat estimates by $0.07, while revenue rose 9.7% year over year to $4.07 billion. The stock opened at $40.01, within a 12-month range of $33.03 to $60.63.

Amundi lowered its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 90.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,429 shares of the transportation company's stock after selling 54,527 shares during the period. Amundi's holdings in Alaska Air Group were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ALK. BlackRock Inc. bought a new stake in shares of Alaska Air Group during the 2nd quarter valued at about $606,307,000. Dimensional Fund Advisors LP boosted its position in Alaska Air Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company's stock valued at $233,463,000 after acquiring an additional 145,484 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $168,467,000. Capital Research Global Investors raised its position in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company's stock worth $159,720,000 after acquiring an additional 1,475,350 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Alaska Air Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company's stock valued at $108,166,000 after buying an additional 35,352 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALK. Susquehanna lifted their price objective on Alaska Air Group from $50.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the company an "overweight" rating in a research report on Friday, September 11th. Bank of America boosted their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Finally, Raymond James Financial reiterated an "outperform" rating and set a $52.00 target price (down from $60.00) on shares of Alaska Air Group in a research note on Monday, August 24th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of "Moderate Buy" and an average price target of $60.12.

Insider Buying and Selling at Alaska Air Group

In related news, CEO Benito Minicucci bought 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the transaction, the chief executive officer owned 256,582 shares of the company's stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 5,300 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the sale, the executive vice president directly owned 25,528 shares of the company's stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company's stock.

Alaska Air Group Stock Performance

ALK opened at $40.01 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -25.49 and a beta of 1.28. The company's 50 day moving average is $44.64 and its 200 day moving average is $43.48. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $60.63.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts' consensus estimates of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post -1.74 EPS for the current year.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company whose principal subsidiaries include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. The company provides scheduled passenger and air cargo transportation, along with related services such as aircraft maintenance and ground handling through affiliated businesses.

Alaska Airlines serves destinations throughout the United States, Canada, Mexico, Costa Rica and other parts of North America, while Hawaiian Airlines connects the Hawaiian Islands with the U.S.

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