DRW Securities LLC Makes New $527,000 Investment in Alaska Air Group, Inc. $ALK

Key Points

• DRW Securities LLC has made a new investment of $527,000 in Alaska Air Group, acquiring 10,700 shares during the first quarter.
• Several institutional investors significantly increased their stakes in Alaska Air Group, with Brighton Jones LLC boosting its holdings by 2,046.4% in the last quarter.
• Analysts have raised their price targets for Alaska Air Group, with UBS Group now at $56.00 and Raymond James at $70.00, reflecting a generally optimistic outlook on the stock.

DRW Securities LLC bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,700 shares of the transportation company's stock, valued at approximately $527,000.

A number of other large investors also recently bought and sold shares of ALK. Brighton Jones LLC lifted its holdings in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alaska Air Group by 15.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,229 shares of the transportation company's stock worth $5,519,000 after purchasing an additional 11,216 shares during the period. Northern Trust Corp raised its position in shares of Alaska Air Group by 14.1% during the 4th quarter. Northern Trust Corp now owns 777,330 shares of the transportation company's stock worth $50,332,000 after purchasing an additional 96,134 shares during the period. Lido Advisors LLC acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $215,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $555,000. Institutional investors own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president directly owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the transaction, the vice president owned 8,253 shares in the company, valued at approximately $423,709.02. This trade represents a 26.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,460 shares of company stock valued at $1,182,553 in the last quarter. Company insiders own 0.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group increased their price target 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 increased their price target on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Raymond James Financial upgraded 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 report on Monday, August 25th. Finally, Susquehanna increased their price target on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.00.

Alaska Air Group Stock Down 0.5%

ALK opened at $62.84 on Monday. Alaska Air Group, Inc. has a 12 month low of $35.67 and a 12 month high of $78.08. 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 has a market cap of $7.25 billion, a P/E ratio of 25.54, a P/E/G ratio of 0.61 and a beta of 1.45. The stock's 50 day moving average price is $53.66 and its 200 day moving average price is $53.26.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the firm earned $2.55 EPS. The firm's revenue was up 27.9% compared to the same quarter last year. 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.

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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