Northern Trust Corp Buys 285,382 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Northern Trust Corp increased its holdings in Alaska Air Group by 36.7% during the 1st quarter, owning approximately 1,062,712 shares valued at $52.31 million.
• Several institutional investors have significantly raised their positions in Alaska Air Group, with Point72 Asset Management boosting their holdings by 134% and SG Americas Securities increasing theirs by 707.9%.
• Alaska Air Group reported earnings per share of $1.78, exceeding analysts' expectations, and anticipates an EPS of 6.03 for the current year.

Northern Trust Corp lifted its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 36.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,062,712 shares of the transportation company's stock after acquiring an additional 285,382 shares during the period. Northern Trust Corp owned approximately 0.87% of Alaska Air Group worth $52,307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group lifted its holdings in shares of Alaska Air Group by 41.1% during the 1st 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 period. Versor Investments LP lifted its holdings in Alaska Air Group by 133.0% during the 1st quarter. Versor Investments LP now owns 7,253 shares of the transportation company's stock valued at $357,000 after purchasing an additional 4,140 shares during the last quarter. American Century Companies Inc. lifted its holdings in Alaska Air Group by 1.5% during the 1st quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock valued at $158,693,000 after purchasing an additional 47,184 shares during the last quarter. Ethic Inc. lifted its holdings in Alaska Air Group by 6.2% during the 1st quarter. Ethic Inc. now owns 11,041 shares of the transportation company's stock valued at $541,000 after purchasing an additional 645 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Alaska Air Group during the 1st quarter valued at about $844,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Trading Down 0.3%

Shares of NYSE:ALK traded down $0.16 during trading on Tuesday, hitting $62.62. 2,526,742 shares of the company's stock were exchanged, compared to its average volume of 1,993,654. Alaska Air Group, Inc. has a 1-year low of $35.76 and a 1-year high of $78.08. The firm has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $53.23. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The firm has a market cap of $7.22 billion, a P/E ratio of 25.45, a PEG ratio of 0.61 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the company earned $2.55 EPS. Alaska Air Group'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. Equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity

In related news, CFO Shane R. Tackett sold 5,000 shares of the business's 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 approximately $2,472,695.10. The trade was a 10.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction 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. This represents a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,460 shares of company stock worth $1,182,553 in the last ninety days. Company insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. 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 report on Monday, August 25th. Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. UBS Group lifted their price target on shares of Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Twelve 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

Alaska Air Group 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.