Deutsche Bank AG Increases Position in Alaska Air Group, Inc. $ALK

Key Points

• Deutsche Bank AG increased its holdings in Alaska Air Group by 9.8%, acquiring an additional 4,572 shares during the first quarter, bringing its total ownership to 51,454 shares valued at $2.53 million.
• Other institutional investors, such as Point72 Asset Management and Massachusetts Financial Services, also significantly increased their stakes in Alaska Air Group, indicating a strong interest in the company among hedge funds.
• Alaska Air Group reported earnings of $1.78 per share for the latest quarter, exceeding analysts' expectations, with revenue of $3.70 billion, a 27.9% increase year-over-year.

Deutsche Bank AG increased its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,454 shares of the transportation company's stock after purchasing an additional 4,572 shares during the quarter. Deutsche Bank AG's holdings in Alaska Air Group were worth $2,533,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ALK. Perkins Coie Trust Co raised its holdings in shares of Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after purchasing an additional 377 shares during the period. Wood Tarver Financial Group LLC bought a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $38,000. UMB Bank n.a. raised its holdings in shares of 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 worth $64,000 after purchasing an additional 1,065 shares during the period. KBC Group NV bought a new stake in shares of Alaska Air Group in the 1st quarter worth approximately $76,000. Finally, Fifth Third Bancorp raised its holdings in shares of Alaska Air Group by 96.3% in the 1st quarter. Fifth Third Bancorp now owns 1,926 shares of the transportation company's stock worth $95,000 after purchasing an additional 945 shares during the period. Institutional investors own 81.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group lifted their price target on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.83.

Insider Activity

In other news, EVP Andrew R. Harrison sold 7,600 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares of the company's stock, valued at approximately $1,007,454.60. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,460 shares of company stock worth $1,182,553. Company insiders own 1.00% of the company's stock.

Alaska Air Group Stock Performance

Alaska Air Group stock traded up $4.3820 during mid-day trading on Friday, reaching $59.3020. The company's stock had a trading volume of 2,761,305 shares, compared to its average volume of 2,310,572. Alaska Air Group, Inc. has a 12-month low of $34.60 and a 12-month high of $78.08. The company has a market capitalization of $6.84 billion, a P/E ratio of 24.11, a PEG ratio of 0.58 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. The firm's fifty day moving average price is $52.22 and its two-hundred day moving average price is $53.84.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.22. The business 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%. Alaska Air Group's revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.55 EPS. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 EPS 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.