Alaska Air Group, Inc. $ALK Stock Holdings Trimmed by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Alaska Air Group by 50.3%, selling 18,462 shares and ending the quarter with 18,227 shares valued at approximately $897,000.
• Alaska Air Group reported a net margin of 2.33% and an EPS of $1.78, surpassing analyst expectations of $1.56 by $0.22, with revenues up 27.9% year-over-year.
• Analysts have given Alaska Air Group a consensus average price target of $68.00, with multiple firms raising their price objectives, highlighting a positive outlook for the stock.

Kestra Advisory Services LLC reduced its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 50.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,227 shares of the transportation company's stock after selling 18,462 shares during the period. Kestra Advisory Services LLC's holdings in Alaska Air Group were worth $897,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ALK. Brighton Jones LLC lifted its holdings in 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 worth $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Northern Trust Corp lifted its holdings in Alaska Air Group by 14.1% in the 4th quarter. Northern Trust Corp now owns 777,330 shares of the transportation company's stock worth $50,332,000 after purchasing an additional 96,134 shares in the last quarter. Lido Advisors LLC bought a new stake in Alaska Air Group in the 4th quarter worth approximately $215,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $555,000. Finally, Algert Global LLC purchased a new stake in shares of Alaska Air Group during the 4th quarter worth approximately $1,862,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Trading Up 0.4%

NYSE:ALK traded up $0.28 on Friday, reaching $63.09. The company's stock had a trading volume of 2,815,716 shares, compared to its average volume of 2,123,331. 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 firm has a market cap of $7.27 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 0.61 and a beta of 1.45. Alaska Air Group, Inc. has a 12-month low of $37.00 and a 12-month high of $78.08. The stock has a 50 day moving average price of $55.05 and a 200 day moving average price of $53.12.

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 return on equity of 12.62% and a net margin of 2.33%.The business's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $2,472,695.10. This trade represents a 10.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,514 shares of company stock valued at $1,031,306. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALK shares. Barclays upped their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group increased their price target on Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research report on Monday, August 25th. Finally, 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 report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

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.