NFJ Investment Group LLC Sells 11,137 Shares of Alaska Air Group, Inc. $ALK

Key Points

• NFJ Investment Group LLC has decreased its stake in Alaska Air Group by 6.2%, holding 167,393 shares valued at approximately $8.24 million as of the latest quarter.
• Several institutional investors have recently increased their holdings in Alaska Air Group, with 81.90% of the stock now owned by such investors.
• Alaska Air Group reported an earnings per share (EPS) of $1.78 for the last quarter, surpassing analysts' expectations and signifying a 27.9% revenue increase year-over-year.

NFJ Investment Group LLC cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,393 shares of the transportation company's stock after selling 11,137 shares during the quarter. NFJ Investment Group LLC owned about 0.14% of Alaska Air Group worth $8,239,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group grew 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 buying an additional 184 shares in the last quarter. Perkins Coie Trust Co grew 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 buying an additional 377 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $38,000. UMB Bank n.a. grew 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 buying an additional 1,065 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Alaska Air Group in the 1st quarter valued at $71,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Price Performance

Shares of ALK stock traded up $0.28 on Friday, hitting $63.09. 2,815,716 shares of the company's stock were exchanged, compared to its average volume of 2,169,927. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. Alaska Air Group, Inc. has a 12 month low of $37.00 and a 12 month high of $78.08. The stock has a market cap of $7.27 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. The company has a 50 day moving average of $55.05 and a 200 day moving average of $52.80.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $2.55 EPS. 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. On average, equities research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. 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 report on Monday, August 25th. 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. UBS Group increased their target price on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

Insider Buying and Selling

In related news, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was 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 directly owned 43,335 shares in the company, valued at $2,472,695.10. This represents a 10.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the company'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 sale, the senior vice president owned 20,917 shares of the company's stock, valued at approximately $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,514 shares of company stock worth $1,031,306 in the last ninety days. 0.92% of the stock is owned by insiders.

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.