Harbour Capital Advisors LLC Takes $320,000 Position in Alaska Air Group, Inc. $ALK

Key Points

• Harbour Capital Advisors LLC has invested $320,000 in Alaska Air Group, Inc., purchasing 6,290 shares during the second quarter.
• Several institutional investors, including UMB Bank n.a. and Assenagon Asset Management S.A., have significantly increased their stakes in Alaska Air Group, indicating strong institutional interest.
• Analysts maintain a consensus Buy rating on Alaska Air Group, with a target price averaging $71.92, despite Evercore ISI slightly lowering their price target from $70.00 to $65.00.

Harbour Capital Advisors LLC acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,290 shares of the transportation company's stock, valued at approximately $320,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group raised 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 worth $31,000 after acquiring an additional 184 shares during the last quarter. US Bancorp DE increased its holdings in Alaska Air Group by 1.0% in the first quarter. US Bancorp DE now owns 21,982 shares of the transportation company's stock worth $1,082,000 after purchasing an additional 210 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Alaska Air Group by 3.4% in the first quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company's stock valued at $385,000 after acquiring an additional 256 shares during the period. Meeder Asset Management Inc. grew its stake in Alaska Air Group by 0.8% in the first quarter. Meeder Asset Management Inc. now owns 43,865 shares of the transportation company's stock valued at $2,159,000 after acquiring an additional 339 shares during the period. Finally, Perkins Coie Trust Co raised its position in shares of Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after purchasing an additional 377 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the transaction, the senior vice president owned 20,917 shares of the company's stock, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer directly 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. Over the last quarter, insiders have sold 18,514 shares of company stock valued at $1,031,306. Insiders own 0.92% of the company's stock.

Alaska Air Group Stock Down 4.1%

Shares of NYSE:ALK traded down $2.37 during mid-day trading on Monday, hitting $54.88. 3,999,073 shares of the company traded hands, compared to its average volume of 3,125,269. The stock has a market cap of $6.33 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.62 and a beta of 1.45. 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 12-month low of $39.79 and a 12-month high of $78.08. The stock has a 50-day moving average price of $56.97 and a two-hundred day moving average price of $52.20.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 business 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 earned $2.55 earnings per share. The business'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. On average, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analysts Set New Price Targets

ALK has been the topic of a number of recent research reports. Susquehanna increased their target price on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Raymond James Financial upgraded Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. increased their target price on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Barclays increased their target price on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Evercore ISI cut their target price on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, September 16th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $71.92.

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.