Privium Fund Management UK Ltd bought a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,465 shares of the transportation company's stock, valued at approximately $716,000. Alaska Air Group accounts for approximately 0.5% of Privium Fund Management UK Ltd's portfolio, making the stock its 7th biggest position.
Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC grew its position in Alaska Air Group by 13,557.0% during the 2nd quarter. William Blair Investment Management LLC now owns 625,764 shares of the transportation company's stock worth $30,963,000 after purchasing an additional 621,182 shares during the last quarter. Lesa Sroufe & Co boosted its stake in shares of Alaska Air Group by 2.4% during the second quarter. Lesa Sroufe & Co now owns 36,347 shares of the transportation company's stock worth $1,798,000 after buying an additional 864 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Alaska Air Group by 10.8% during the second quarter. Allianz Asset Management GmbH now owns 123,947 shares of the transportation company's stock worth $6,133,000 after buying an additional 12,041 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Alaska Air Group by 24.4% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 102,945 shares of the transportation company's stock worth $5,094,000 after buying an additional 20,165 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in Alaska Air Group by 1.2% in the 2nd quarter. Mutual Advisors LLC now owns 27,912 shares of the transportation company's stock valued at $1,456,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.
Alaska Air Group Price Performance
Shares of NYSE ALK opened at $48.46 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. Alaska Air Group, Inc. has a one year low of $39.79 and a one year high of $78.08. The firm has a market capitalization of $5.59 billion, a P/E ratio of 19.70, a PEG ratio of 0.75 and a beta of 1.40. The company's fifty day moving average is $55.70 and its two-hundred day moving average is $51.80.
Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the business earned $2.55 earnings per share. The business's revenue for the quarter was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.
Insider Activity at Alaska Air Group
In related news, EVP Andrew R. Harrison sold 7,600 shares of the firm'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 value of $404,472.00. Following the completion of the transaction, the executive vice president directly owned 18,930 shares of the company's stock, valued at $1,007,454.60. This trade represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, 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 disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 in the last ninety days. Corporate insiders own 0.92% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on ALK. Zacks Research downgraded Alaska Air Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 8th. Raymond James Financial set a $68.00 price objective on shares of Alaska Air Group and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Evercore ISI cut their price objective on shares of Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, September 16th. JPMorgan Chase & Co. raised their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Alaska Air Group in a research note on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.62.
View Our Latest Stock Report on ALK
About Alaska Air Group
(
Free Report)
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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