First Pacific Financial Purchases 10,536 Shares of Alaska Air Group, Inc. $ALK

Key Points

• First Pacific Financial significantly increased its position in Alaska Air Group by acquiring an additional 10,536 shares, raising its ownership by 5,268.0% during the second quarter, bringing its total holdings to 10,736 shares worth approximately $531,000.
• Other hedge funds also increased their stakes in Alaska Air Group, with Brooklyn Investment Group boosting its position by 41.1% and multiple firms reporting increased ownership over the past few quarters.
• JPMorgan and UBS recently raised their target prices for Alaska Air Group's stock, highlighting a growing confidence in the company's future performance with recommendations reflecting a general "buy" sentiment among analysts.

First Pacific Financial raised its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 5,268.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,736 shares of the transportation company's stock after acquiring an additional 10,536 shares during the quarter. First Pacific Financial's holdings in Alaska Air Group were worth $531,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after buying an additional 184 shares during the last quarter. US Bancorp DE raised its position in Alaska Air Group by 1.0% in the 1st quarter. US Bancorp DE now owns 21,982 shares of the transportation company's stock valued at $1,082,000 after buying an additional 210 shares during the last quarter. Signaturefd LLC lifted its stake in Alaska Air Group by 7.8% during the 2nd quarter. Signaturefd LLC now owns 3,113 shares of the transportation company's stock valued at $154,000 after acquiring an additional 225 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Alaska Air Group by 3.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company's stock worth $385,000 after acquiring an additional 256 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Alaska Air Group by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,770 shares of the transportation company's stock worth $1,028,000 after acquiring an additional 316 shares during the last quarter. 81.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, 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. In the last 90 days, insiders sold 18,514 shares of company stock valued at $1,031,306. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ALK has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, September 12th. UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $56.00 to $90.00 in a research note on Friday, September 12th. Susquehanna lifted their target price on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. Barclays boosted their target price on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Evercore ISI reduced their target price on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, September 16th. Thirteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of "Buy" and a consensus target price of $71.77.

Alaska Air Group Stock Down 2.5%

Alaska Air Group stock opened at $48.52 on Thursday. The firm has a 50 day moving average price of $56.79 and a 200-day moving average price of $52.06. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a twelve month low of $39.79 and a twelve month high of $78.08. The company has a market capitalization of $5.59 billion, a P/E ratio of 19.72, a P/E/G ratio of 0.54 and a beta of 1.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted 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 net margin of 2.33% and a return on equity of 12.62%. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $2.55 EPS. Alaska Air Group'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, equities analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

About Alaska Air Group

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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