17,143 Shares in Alaska Air Group, Inc. $ALK Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired 17,143 shares of Alaska Air Group, Inc. for approximately $844,000 during the first quarter, reflecting growing institutional interest in the company.
• Analysts have raised their target prices for Alaska Air Group, with upgrades from firms like UBS Group and TD Cowen, reflecting a positive outlook as the stock is currently rated a "Moderate Buy."
• Insider trading activity showed notable sales, including a significant reduction in holdings by executive Andrew R. Harrison, indicating potential concerns or strategic changes within the company.

Fox Run Management L.L.C. purchased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,143 shares of the transportation company's stock, valued at approximately $844,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Alaska Air Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company's stock worth $403,076,000 after purchasing an additional 56,740 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Alaska Air Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after purchasing an additional 321,505 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Alaska Air Group by 22.1% during the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock worth $63,064,000 after purchasing an additional 176,576 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Alaska Air Group by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after purchasing an additional 79,099 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ALK shares. Susquehanna upped their price objective on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research note on Tuesday, August 5th. TD Cowen upped their price objective on Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Barclays increased their price target on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. 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 report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $67.83.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Emily Halverson sold 2,946 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president owned 8,253 shares of the company's stock, valued at $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. Over the last three months, insiders sold 21,460 shares of company stock valued at $1,182,553. Insiders own 0.92% of the company's stock.

Alaska Air Group Stock Performance

NYSE ALK traded down $1.2390 on Wednesday, hitting $55.8810. 1,052,819 shares of the company's stock traded hands, compared to its average volume of 3,148,167. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 1-year low of $34.44 and a 1-year high of $78.08. The firm's 50-day moving average price is $51.74 and its two-hundred day moving average price is $54.21. The firm has a market capitalization of $6.44 billion, a PE ratio of 22.75, a P/E/G ratio of 0.56 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $2.55 earnings per share. Alaska Air Group's revenue for the quarter 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, analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

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.