Russell Investments Group Ltd. Increases Stake in Alaska Air Group, Inc. $ALK

Key Points

• Russell Investments Group Ltd. increased its stake in Alaska Air Group by 20.3% during the 1st quarter, owning 64,623 shares valued at approximately $3.18 million.
• Several large investors, including Brighton Jones LLC and Mariner LLC, significantly boosted their positions in Alaska Air Group, increasing the institutional ownership to 81.90%.
• Analysts have generally rated Alaska Air Group positively, with eleven giving it a Buy rating and a consensus price target of $67.83.

Russell Investments Group Ltd. grew its stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,623 shares of the transportation company's stock after purchasing an additional 10,909 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Alaska Air Group worth $3,181,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. Mariner LLC boosted its stake in shares of Alaska Air Group by 19.3% during the 4th quarter. Mariner LLC now owns 14,295 shares of the transportation company's stock worth $926,000 after acquiring an additional 2,310 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Alaska Air Group during the 4th quarter valued at about $202,000. Pinebridge Investments L.P. increased its stake in shares of Alaska Air Group by 33.5% in the 4th quarter. Pinebridge Investments L.P. now owns 11,628 shares of the transportation company's stock valued at $753,000 after purchasing an additional 2,917 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Alaska Air Group by 15.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,229 shares of the transportation company's stock worth $5,519,000 after purchasing an additional 11,216 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group raised their price objective on Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays increased their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Susquehanna boosted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $67.83.

Insider Buying and Selling at Alaska Air Group

In related news, SVP Kyle B. Levine sold 5,914 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Emily Halverson sold 2,946 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $51.34, for a total transaction of $151,247.64. Following the completion of the sale, the vice president owned 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,460 shares of company stock worth $1,182,553 over the last three months. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Stock Performance

NYSE ALK opened at $59.3020 on Friday. 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 stock's 50 day simple moving average is $52.22 and its 200-day simple moving average is $53.84. The company has a market cap of $6.84 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 0.58 and a beta of 1.45. Alaska Air Group, Inc. has a 1-year low of $34.60 and a 1-year high of $78.08.

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. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The firm's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the business earned $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 research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Alaska Air Group Company 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.

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