QRG Capital Management Inc. Has $981,000 Stock Holdings in Alaska Air Group, Inc. $ALK

Key Points

• QRG Capital Management Inc. significantly increased its stake in Alaska Air Group, Inc. (ALK) by 90% in the second quarter, acquiring a total of 19,816 shares valued at approximately $981,000.
• Multiple research firms have upgraded Alaska Air Group's stock ratings and price targets, with JPMorgan Chase raising the target from $73 to $96, indicating strong investor confidence.
• Alaska Air Group's recent earnings report showed an EPS of $1.78, beating analysts' expectations and demonstrating a year-over-year revenue growth of 27.9% with reported revenue of $3.70 billion.

QRG Capital Management Inc. raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 90.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,816 shares of the transportation company's stock after purchasing an additional 9,388 shares during the quarter. QRG Capital Management Inc.'s holdings in Alaska Air Group were worth $981,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board bought a new position in Alaska Air Group during the 1st quarter worth $1,235,000. Cambridge Investment Research Advisors Inc. increased its position in Alaska Air Group by 416.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company's stock worth $1,501,000 after buying an additional 24,592 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Alaska Air Group by 2.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company's stock worth $1,238,000 after buying an additional 713 shares during the period. KBC Group NV bought a new position in Alaska Air Group during the 1st quarter worth $76,000. Finally, Bank of New York Mellon Corp increased its position in Alaska Air Group by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after buying an additional 79,099 shares during the period. Institutional investors own 81.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALK. JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Evercore ISI lowered their price objective on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 16th. UBS Group upgraded Alaska Air Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $56.00 to $90.00 in a research report on Friday, September 12th. Barclays raised their price target 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. Finally, Susquehanna set a $58.00 price target on Alaska Air Group and gave the stock a "positive" rating in a research report on Friday, October 3rd. Thirteen 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 an average rating of "Moderate Buy" and an average price target of $71.62.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $49.13 on Thursday. Alaska Air Group, Inc. has a 12-month low of $39.79 and a 12-month high of $78.08. 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 business's 50-day moving average price is $56.39 and its two-hundred day moving average price is $51.90. The stock has a market cap of $5.67 billion, a PE ratio of 19.97, a P/E/G ratio of 0.60 and a beta of 1.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The business'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. As a group, analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president directly owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction dated Monday, July 28th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock worth $1,031,306 over the last 90 days. Insiders own 1.00% of the company's stock.

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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