Kera Capital Partners Inc. Purchases Shares of 4,105 Alaska Air Group, Inc. $ALK

Key Points

• Kera Capital Partners Inc. has acquired 4,105 shares of Alaska Air Group, Inc., valued at approximately $203,000, during the 2nd quarter.
• Insider transactions included EVP Andrew R. Harrison and CFO Shane R. Tackett, who both sold shares in July and August, respectively, impacting their ownership percentages.
• Alaska Air Group reported a 27.9% increase in year-over-year revenue for the last quarter, with an earnings per share (EPS) of $1.78, exceeding analyst expectations.

Kera Capital Partners Inc. acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,105 shares of the transportation company's stock, valued at approximately $203,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Alaska Air Group in the 1st quarter valued at approximately $5,314,000. Intech Investment Management LLC acquired a new stake in shares of Alaska Air Group in the first quarter valued at $1,318,000. SCS Capital Management LLC purchased a new stake in shares of Alaska Air Group in the 1st quarter valued at $269,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Alaska Air Group by 81.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company's stock valued at $16,747,000 after buying an additional 152,953 shares during the period. Finally, Empowered Funds LLC lifted its stake in Alaska Air Group by 60.2% during the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company's stock worth $316,000 after acquiring an additional 2,414 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In related 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 transaction of $404,472.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 43,335 shares in the company, valued at $2,472,695.10. This represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,514 shares of company stock valued at $1,031,306. 0.92% of the stock is currently owned by corporate insiders.

Alaska Air Group Trading Down 0.7%

NYSE ALK opened at $63.40 on Monday. Alaska Air Group, Inc. has a 52 week low of $39.10 and a 52 week high of $78.08. The firm has a 50 day moving average of $56.32 and a two-hundred day moving average of $52.52. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $7.31 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.55 EPS. 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, research analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on ALK shares. Susquehanna lifted their target price on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday, August 5th. UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $56.00 to $90.00 in a report on Friday. Raymond James Financial upgraded shares of 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. raised their price target 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. Finally, Barclays upped their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $71.15.

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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