Great Lakes Advisors LLC Purchases 169,255 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Great Lakes Advisors LLC significantly increased its holdings in Alaska Air Group by purchasing 169,255 shares, bringing its total ownership to approximately 215,840 shares, valued at about $10.6 million.
• Multiple institutional investors have also raised their stakes in Alaska Air Group, with notable increases from firms like Brooklyn Investment Group and Perkins Coie Trust Co.
• Analysts are optimistic about Alaska Air Group, with new target prices set as high as $70.00, reflecting a consensus rating of "Moderate Buy" from twelve investment analysts.

Great Lakes Advisors LLC raised its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 363.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215,840 shares of the transportation company's stock after acquiring an additional 169,255 shares during the period. Great Lakes Advisors LLC owned approximately 0.18% of Alaska Air Group worth $10,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALK. Brooklyn Investment Group increased its holdings in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after acquiring an additional 184 shares during the last quarter. Perkins Coie Trust Co increased its holdings in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after acquiring an additional 377 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in Alaska Air Group in the 4th quarter valued at $38,000. UMB Bank n.a. increased its holdings in Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Alaska Air Group in the 1st quarter valued at $71,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Trading Down 0.7%

Alaska Air Group stock traded down $0.46 during trading hours on Friday, hitting $63.40. The company had a trading volume of 2,724,943 shares, compared to its average volume of 2,283,586. The firm has a market cap of $7.31 billion, a P/E ratio of 25.77, a P/E/G ratio of 0.69 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. Alaska Air Group, Inc. has a 1 year low of $39.10 and a 1 year high of $78.08. The company has a 50-day moving average price of $56.32 and a two-hundred day moving average price of $52.52.

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, beating the consensus estimate 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $2.55 EPS. The company's quarterly 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. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ALK shares. UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $56.00 to $90.00 in a report on Friday. Raymond James Financial raised shares of 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 note on Monday, August 25th. Barclays lifted their price target on shares of 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 boosted their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $71.15.

Insider Activity

In other news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the sale, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the sale, the chief financial officer owned 43,335 shares of the company's stock, 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 quarter, insiders sold 18,514 shares of company stock worth $1,031,306. 0.92% of the stock is currently owned by corporate insiders.

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.