Quantbot Technologies LP Purchases Shares of 108,627 Alaska Air Group, Inc. $ALK

Key Points

• Quantbot Technologies LP acquired 108,627 shares of Alaska Air Group, Inc., valued at approximately $5.3 million, representing a new stake in the company during the first quarter.
• Multiple analysts have raised their price targets for Alaska Air Group, with UBS Group setting a new target of $56.00 and Barclays raising theirs to $60.00, indicating positive market sentiment.
• The stock of Alaska Air Group is currently rated as a "Moderate Buy" with an average price target of $67.83, reflecting strong institutional investor interest, as they own approximately 81.9% of the company's stock.

Quantbot Technologies LP bought a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 108,627 shares of the transportation company's stock, valued at approximately $5,347,000. Quantbot Technologies LP owned 0.09% of Alaska Air Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. increased its holdings in shares of Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after acquiring an additional 1,222,277 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Alaska Air Group by 4,615.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company's stock worth $61,063,000 after purchasing an additional 923,064 shares during the period. Candlestick Capital Management LP bought a new position in Alaska Air Group during the fourth quarter worth $51,306,000. Interval Partners LP acquired a new position in shares of Alaska Air Group in the fourth quarter valued at $50,507,000. Finally, Driehaus Capital Management LLC bought a new position in Alaska Air Group in the 4th quarter valued at about $37,562,000. Institutional investors own 81.90% of the company's stock.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 5,000 shares of the company'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 value of $285,300.00. Following the completion of the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Emily Halverson sold 2,946 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president owned 8,253 shares of the company's stock, valued at $423,709.02. The trade was a 26.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,460 shares of company stock valued at $1,182,553. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ALK. UBS Group lifted their price objective on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays increased 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. 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. Finally, TD Cowen increased their price objective on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.83.

Alaska Air Group Price Performance

ALK stock traded up $4.3820 during trading on Friday, reaching $59.3020. 2,761,305 shares of the company were exchanged, compared to its average volume of 2,310,572. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 0.53 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The company has a 50-day moving average of $52.22 and a two-hundred day moving average of $53.98. Alaska Air Group, Inc. has a twelve month low of $34.60 and a twelve month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The company's revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 earnings per share. 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, equities analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.