Dynamic Technology Lab Private Ltd Increases Holdings in Alaska Air Group, Inc. $ALK

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Alaska Air Group by 113.0%, now owning 38,963 shares valued at approximately $1.9 million.
• Several large investors have also significantly increased their stakes in Alaska Air Group, including Brighton Jones LLC, which raised its holdings by 2,046.4%, now owning nearly 97,000 shares worth over $6 million.
• Alaska Air Group reported a 27.9% year-over-year revenue growth, with quarterly earnings of $1.78 EPS exceeding analysts' expectations.

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 113.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,963 shares of the transportation company's stock after purchasing an additional 20,670 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Alaska Air Group were worth $1,917,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ALK. Brighton Jones LLC boosted its holdings in Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Alaska Air Group in the fourth quarter valued at $555,000. Ameriprise Financial Inc. boosted its holdings in Alaska Air Group by 42.7% in the fourth quarter. Ameriprise Financial Inc. now owns 566,955 shares of the transportation company's stock valued at $36,710,000 after acquiring an additional 169,673 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Alaska Air Group by 28.4% in the fourth quarter. Captrust Financial Advisors now owns 11,213 shares of the transportation company's stock valued at $726,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Alaska Air Group by 6.5% in the fourth quarter. Deutsche Bank AG now owns 46,882 shares of the transportation company's stock valued at $3,036,000 after acquiring an additional 2,849 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Insider Activity

In other news, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the transaction, the senior vice president directly owned 20,917 shares in the company, valued at $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm'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 $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock worth $1,031,306 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Performance

Shares of ALK opened at $63.09 on Friday. 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 business's 50 day moving average price is $55.05 and its 200-day moving average price is $52.96. Alaska Air Group, Inc. has a 52 week low of $37.00 and a 52 week high of $78.08. The stock has a market cap of $7.27 billion, a P/E ratio of 25.64, a P/E/G ratio of 0.61 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $2.55 EPS. The business's revenue for the quarter 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. Equities research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALK has been the topic of several recent analyst reports. UBS Group lifted their price target 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. 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 report on Monday, August 25th. Susquehanna increased their price objective on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Finally, Barclays increased their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Alaska Air Group presently has an average rating of "Moderate Buy" and an average target price of $68.00.

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.

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