95,064 Shares in Alaska Air Group, Inc. $ALK Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC has invested approximately $4.68 million in Alaska Air Group, purchasing 95,064 shares, which constitutes 0.08% of the company.
• Alaska Air Group reported a 27.9% increase in quarterly revenue year-over-year, totaling $3.70 billion and achieving an earnings per share (EPS) of $1.78, beating analysts' expectations.
• Wall Street analysts are optimistic with a consensus target price of $68.00 for Alaska Air Group, citing multiple increases in their ratings from firms like Barclays and UBS Group.

FORA Capital LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 95,064 shares of the transportation company's stock, valued at approximately $4,679,000. FORA Capital LLC owned 0.08% of Alaska Air Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ALK. Brighton Jones LLC increased its holdings in shares of Alaska Air Group by 2,046.4% in the 4th 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 during the last quarter. Mariner LLC increased its holdings in shares of Alaska Air Group by 19.3% in the 4th quarter. Mariner LLC now owns 14,295 shares of the transportation company's stock valued at $926,000 after acquiring an additional 2,310 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Alaska Air Group in the 4th quarter valued at about $202,000. Pinebridge Investments L.P. increased its holdings in shares of Alaska Air Group by 33.5% in the 4th quarter. Pinebridge Investments L.P. now owns 11,628 shares of the transportation company's stock valued at $753,000 after acquiring an additional 2,917 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Alaska Air Group by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,229 shares of the transportation company's stock valued at $5,519,000 after acquiring an additional 11,216 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Down 0.5%

Alaska Air Group stock traded down $0.34 during midday trading on Friday, reaching $62.84. The stock had a trading volume of 1,641,801 shares, compared to its average volume of 3,115,242. Alaska Air Group, Inc. has a twelve month low of $35.67 and a twelve month high of $78.08. The stock has a market capitalization of $7.25 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 0.60 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 stock's 50-day simple moving average is $53.34 and its 200 day simple moving average is $53.60.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results 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. 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 quarter last year, the firm earned $2.55 earnings per share. The firm'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. Analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction dated 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 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 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 the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the transaction, the chief financial officer owned 43,335 shares in the company, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,460 shares of company stock worth $1,182,553. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ALK shares. Barclays raised their price target 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. Susquehanna raised their price objective on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research note on Tuesday, August 5th. Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Monday. Finally, UBS Group raised 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. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.00.

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.