5,468 Shares in Alaska Air Group, Inc. $ALK Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC has purchased 5,468 shares of Alaska Air Group, Inc. valued at approximately $269,000, marking a new position for the firm.
• Major institutional investors, including Goldman Sachs and SG Americas Securities LLC, significantly increased their stakes in Alaska Air Group during the first quarter, indicating strong investor confidence.
• Alaska Air Group reported a 27.9% year-over-year increase in quarterly revenue, totaling $3.70 billion, with earnings per share surpassing consensus estimates.

SCS Capital Management LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,468 shares of the transportation company's stock, valued at approximately $269,000.

Several other hedge funds have also recently added to or reduced their stakes in ALK. Brooklyn Investment Group raised its stake in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Perkins Coie Trust Co raised its stake in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after purchasing an additional 377 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $38,000. UMB Bank n.a. raised its stake in Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Alaska Air Group in the 1st quarter valued at $71,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on ALK shares. Barclays increased their price objective on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group upgraded Alaska Air Group from a "neutral" rating to a "buy" rating and upped their target price for the company from $56.00 to $90.00 in a report on Friday, September 12th. Raymond James Financial upgraded Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Monday, August 25th. Susquehanna upped their target price on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Alaska Air Group from $73.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of "Buy" and an average target price of $71.92.

Alaska Air Group Stock Down 1.6%

ALK stock traded down $0.95 during mid-day trading on Thursday, reaching $57.54. The company had a trading volume of 1,023,574 shares, compared to its average volume of 3,096,710. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.45. The firm has a fifty day simple moving average of $56.82 and a 200 day simple moving average of $52.50. Alaska Air Group, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the company earned $2.55 EPS. Alaska Air Group'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 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of the firm'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 owned 20,917 shares of the company's stock, valued at approximately $1,207,956.75. This trade 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, CFO Shane R. Tackett sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer owned 43,335 shares in the company, valued at $2,472,695.10. This represents a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,514 shares of company stock valued at $1,031,306. Corporate insiders own 1.00% of the company's stock.

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.