Campbell & CO Investment Adviser LLC Buys New Position in Alaska Air Group, Inc. $ALK

Key Points

• Campbell & CO Investment Adviser LLC acquired a new stake in Alaska Air Group, purchasing 113,904 shares valued at approximately $5.6 million, which constitutes about 0.4% of Campbell's total holdings.
• Alaska Air Group reported a net income of $1.78 EPS for the latest quarter, surpassing analysts' estimates of $1.56 EPS, with revenues increasing 27.9% year-over-year.
• Analysts have raised their price targets for Alaska Air Group, with an average consensus price target now at $67.83, indicating a positive outlook for the stock.

Campbell & CO Investment Adviser LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 113,904 shares of the transportation company's stock, valued at approximately $5,606,000. Alaska Air Group makes up about 0.4% of Campbell & CO Investment Adviser LLC's holdings, making the stock its 22nd largest holding. Campbell & CO Investment Adviser LLC owned 0.09% of Alaska Air Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after buying an additional 184 shares in the last quarter. Perkins Coie Trust Co grew its position in Alaska Air Group by 125.7% in the 1st 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 in the last quarter. Wood Tarver Financial Group LLC bought a new position in Alaska Air Group in the 4th quarter valued at about $38,000. UMB Bank n.a. grew its position in Alaska Air Group by 459.1% in the 1st 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 in the last quarter. Finally, Headlands Technologies LLC bought a new position in Alaska Air Group in the 1st quarter valued at about $71,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Price Performance

ALK stock opened at $59.3020 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a one year low of $34.60 and a one year high of $78.08. The firm has a market capitalization of $6.84 billion, a PE ratio of 24.11, a P/E/G ratio of 0.58 and a beta of 1.45. The firm has a 50-day moving average of $52.22 and a two-hundred day moving average of $53.84.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The business's quarterly 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, analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the company'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 completion of the sale, the senior vice president directly owned 20,917 shares of the company's stock, valued at approximately $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of the company'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 sale, the chief financial officer directly owned 43,335 shares of the company's stock, valued at $2,472,695.10. This represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,460 shares of company stock valued at $1,182,553 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

ALK has been the subject of several research reports. UBS Group raised their price objective on shares of 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 raised their price objective on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Susquehanna raised their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.83.

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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