BI Asset Management Fondsmaeglerselskab A S Sells 41,034 Shares of Alaska Air Group, Inc. $ALK

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its stake in Alaska Air Group by 95.3%, now holding only 2,009 shares after selling 41,034 shares in the first quarter.
• Several institutional investors, including Brooklyn Investment Group and Perkins Coie Trust Co, increased their holdings in Alaska Air Group, with some reporting significant percentage increases.
• Analysts have upgraded Alaska Air Group's stock price targets, with Barclays raising it to $60.00 and eleven analysts giving the stock a Buy rating, indicating a positive outlook.

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 95.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,009 shares of the transportation company's stock after selling 41,034 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Alaska Air Group were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALK. Hsbc Holdings PLC raised its stake in Alaska Air Group by 195.8% during the 1st quarter. Hsbc Holdings PLC now owns 73,063 shares of the transportation company's stock valued at $3,552,000 after purchasing an additional 149,299 shares during the period. Quantbot Technologies LP acquired a new stake in Alaska Air Group during the 1st quarter valued at $5,347,000. Northern Trust Corp raised its stake in Alaska Air Group by 36.7% during the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock valued at $52,307,000 after purchasing an additional 285,382 shares during the period. Brooklyn Investment Group raised its stake in Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after purchasing an additional 184 shares during the period. Finally, Versor Investments LP raised its stake in Alaska Air Group by 133.0% during the 1st quarter. Versor Investments LP now owns 7,253 shares of the transportation company's stock valued at $357,000 after purchasing an additional 4,140 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Analyst Upgrades and Downgrades

ALK has been the topic of several recent analyst reports. Susquehanna boosted their target price on shares of 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 raised shares of 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 note on Monday. 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 note on Friday, July 25th. Finally, 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 research report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $68.00.

Insider Buying and Selling

In other news, SVP Kyle B. Levine sold 5,914 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the sale, the senior vice president directly owned 20,917 shares in the company, valued at approximately $1,207,956.75. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Emily Halverson sold 2,946 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $51.34, for a total transaction of $151,247.64. Following the sale, the vice president directly owned 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,460 shares of company stock valued at $1,182,553. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded down $0.38 during mid-day trading on Friday, hitting $62.80. The company had a trading volume of 646,738 shares, compared to its average volume of 3,109,073. 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 business's 50-day simple moving average is $53.34 and its 200-day simple moving average is $53.60. Alaska Air Group, Inc. has a 12 month low of $35.67 and a 12 month high of $78.08. The firm has a market cap of $7.24 billion, a P/E ratio of 25.51, a PEG ratio of 0.60 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.22. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The company's quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.55 earnings per share. 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 predict 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.