Dimensional Fund Advisors LP Sells 482,667 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Dimensional Fund Advisors LP reduced its stake in Alaska Air Group by 7.8%, selling 482,667 shares and ending the quarter with a total ownership of 5,742,387 shares valued at approximately $282.64 million.
• Alaska Air Group reported a quarterly earnings per share of $1.78, beating analyst estimates of $1.56, and had a revenue of $3.70 billion, surpassing expectations of $3.65 billion.
• Investment analysts have raised their price targets for Alaska Air Group, with the consensus rating now being a "Moderate Buy" and a price target of $67.83 following several upgrades from notable firms.

Dimensional Fund Advisors LP trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,742,387 shares of the transportation company's stock after selling 482,667 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.68% of Alaska Air Group worth $282,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $38,000. Perkins Coie Trust Co grew its stake in shares of Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after purchasing an additional 377 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Alaska Air Group by 459.1% during the first quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after purchasing an additional 1,065 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Alaska Air Group during the first quarter valued at approximately $71,000. Finally, KBC Group NV acquired a new position in Alaska Air Group in the first quarter valued at approximately $76,000. 81.90% of the stock is owned by institutional investors.

Insider Activity at Alaska Air Group

In related news, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction that occurred on Thursday, June 5th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of Alaska Air Group stock in a transaction that occurred on 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 in the company, valued at $2,472,695.10. This trade represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,460 shares of company stock valued at $1,182,553. Company insiders own 1.00% of the company's stock.

Alaska Air Group Stock Performance

Shares of NYSE ALK traded up $3.6380 during mid-day trading on Friday, reaching $58.5580. 706,663 shares of the company were exchanged, compared to its average volume of 3,131,618. The company's 50-day simple moving average is $51.98 and its 200-day simple moving average is $54.09. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $6.75 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.54 and a beta of 1.45. Alaska Air Group, Inc. has a twelve month low of $34.60 and a twelve month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The business's 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. As a group, research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

ALK has been the topic of several analyst reports. UBS Group increased their price objective on shares of Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 25th. TD Cowen raised their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Barclays raised their target price 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 target price 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of "Moderate Buy" and an average price target of $67.83.

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.