Deltec Asset Management LLC Takes Position in Alaska Air Group, Inc. $ALK

Key Points

• Deltec Asset Management opened a new position in Alaska Air Group, buying 30,000 shares valued at about $1.51 million during the fourth quarter.
• Alaska Air missed Q1 expectations with EPS of ($1.68) vs. ($1.61) expected, reported $3.30B in revenue, and set a negative Q2 guidance (around -1.00 EPS), while analysts maintain a "Moderate Buy" consensus and a $63.31 average target.
• Insiders have been net sellers (56,945 shares worth ~$3.2M over 90 days), even as institutional investors own about 81.9% of the stock, with Vanguard holding roughly 11.06 million shares (~$556M).

Deltec Asset Management LLC acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 30,000 shares of the transportation company's stock, valued at approximately $1,509,000.

A number of other hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its stake in shares of Alaska Air Group by 3.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 11,814 shares of the transportation company's stock valued at $594,000 after purchasing an additional 387 shares during the period. Vanguard Group Inc. raised its stake in shares of Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company's stock valued at $556,288,000 after purchasing an additional 110,628 shares during the period. U S Global Investors Inc. raised its stake in shares of Alaska Air Group by 22.8% during the fourth quarter. U S Global Investors Inc. now owns 455,934 shares of the transportation company's stock valued at $22,933,000 after purchasing an additional 84,569 shares during the period. M&T Bank Corp raised its stake in shares of Alaska Air Group by 90.6% during the fourth quarter. M&T Bank Corp now owns 18,862 shares of the transportation company's stock valued at $949,000 after purchasing an additional 8,968 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Alaska Air Group by 60.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company's stock valued at $3,528,000 after purchasing an additional 26,310 shares during the period. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Up 0.1%

Shares of NYSE:ALK opened at $41.65 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $43.10 and a 200 day simple moving average of $46.34. The firm has a market cap of $4.72 billion, a PE ratio of 78.58 and a beta of 1.27. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000--1.000 EPS. On average, equities research analysts anticipate that Alaska Air Group, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 24,000 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 5,500 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the sale, the executive vice president owned 30,828 shares of the company's stock, valued at approximately $1,745,789.64. The trade was a 15.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,945 shares of company stock worth $3,204,569 over the last 90 days. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Alaska Air Group from $68.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Barclays restated an "overweight" rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. Weiss Ratings upgraded shares of Alaska Air Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 9th. TD Cowen dropped their price target on shares of Alaska Air Group from $63.00 to $54.00 and set a "buy" rating for the company in a research note on Monday, March 9th. Finally, Evercore set a $60.00 price target on shares of Alaska Air Group in a research note on Friday, April 17th. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.31.

Alaska Air Group Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.

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