SCS Capital Management LLC Takes Position in Alaska Air Group, Inc. $ALK

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 purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,468 shares of the transportation company's stock, valued at approximately $269,000.

Several other institutional investors have also recently made changes to their positions in ALK. Goldman Sachs Group Inc. increased its stake in shares of Alaska Air Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,638,464 shares of the transportation company's stock valued at $129,865,000 after buying an additional 1,882,598 shares during the period. SG Americas Securities LLC grew its stake in Alaska Air Group by 707.9% in the first quarter. SG Americas Securities LLC now owns 474,005 shares of the transportation company's stock valued at $23,331,000 after purchasing an additional 415,334 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Alaska Air Group by 630.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 442,038 shares of the transportation company's stock valued at $21,757,000 after purchasing an additional 381,509 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alaska Air Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock valued at $94,028,000 after purchasing an additional 321,505 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Alaska Air Group during the first quarter worth about $15,006,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,600 shares of the stock in a transaction 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 approximately $1,007,454.60. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,514 shares of company stock valued at $1,031,306. 1.00% of the stock is owned by insiders.

Alaska Air Group Trading Down 0.7%

Shares of ALK stock opened at $63.40 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 company has a market cap of $7.31 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 0.70 and a beta of 1.45. The stock has a 50 day simple moving average of $56.32 and a 200-day simple moving average of $52.78. Alaska Air Group, Inc. has a 1-year low of $39.10 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The business's quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.55 EPS. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ALK. Raymond James Financial raised shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a research report on Monday, August 25th. 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 research report on Friday. 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 research report on Friday. Barclays upped 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 upped their target price on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday, August 5th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat, Alaska Air Group has a consensus rating of "Buy" and a consensus target price of $71.15.

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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