Credit Agricole S A Takes Position in Alaska Air Group, Inc. $ALK

Key Points

• Credit Agricole S A has acquired a new stake in Alaska Air Group, purchasing 27,290 shares valued at approximately $1,343,000 in the first quarter.
• Other investors like Hsbc Holdings PLC and Northern Trust Corp have also increased their stakes in Alaska Air Group, indicating a growing interest among institutional investors.
• Alaska Air Group reported a Q2 EPS of $1.78, exceeding analysts' expectations, and the stock has received mostly positive ratings from research analysts with an average price target of $67.83.

Credit Agricole S A acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,290 shares of the transportation company's stock, valued at approximately $1,343,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Alaska Air Group by 1.5% in the 1st quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock worth $158,693,000 after acquiring an additional 47,184 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alaska Air Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after purchasing an additional 321,505 shares during the last quarter. Northern Trust Corp increased its position in shares of 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 worth $52,307,000 after purchasing an additional 285,382 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Alaska Air Group by 22.1% during the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock worth $63,064,000 after purchasing an additional 176,576 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Down 0.6%

Shares of Alaska Air Group stock traded down $0.38 on Friday, reaching $62.80. 646,738 shares of the company were exchanged, compared to its average volume of 3,109,073. Alaska Air Group, Inc. has a 1-year low of $35.67 and a 1-year high of $78.08. The company has a market cap of $7.24 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.60 and a beta of 1.45. 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 stock's 50 day moving average price is $53.34 and its 200-day moving average price is $53.60.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group raised their price objective on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Barclays boosted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Susquehanna boosted 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 note on Tuesday, August 5th. Finally, 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 on the stock in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction 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 completion of the transaction, the senior vice president owned 20,917 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer owned 43,335 shares of the company's stock, valued at $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,460 shares of company stock worth $1,182,553 in the last three months. Corporate insiders own 1.00% of the company's stock.

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.