Strs Ohio Makes New Investment in Alaska Air Group, Inc. $ALK

Key Points

• Strs Ohio has invested approximately $5.3 million in Alaska Air Group by acquiring 107,963 shares in the first quarter, representing 0.09% of the company.
• Several institutional investors, including Brooklyn Investment Group and UMB Bank n.a., have significantly increased their stakes in Alaska Air Group, with some holdings rising over 400%.
• Analysts are optimistic about Alaska Air Group, with major firms like JPMorgan Chase and Raymond James upgrading their ratings and target prices for the stock to as high as $96.

Strs Ohio purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 107,963 shares of the transportation company's stock, valued at approximately $5,314,000. Strs Ohio owned 0.09% of Alaska Air Group as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in shares of Alaska Air Group by 41.1% in the first 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 period. Perkins Coie Trust Co increased its holdings in shares of Alaska Air Group by 125.7% in the first 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 period. Wood Tarver Financial Group LLC acquired a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $38,000. UMB Bank n.a. increased its holdings in shares of Alaska Air Group by 459.1% in the first 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 period. Finally, Headlands Technologies LLC acquired a new position in shares of Alaska Air Group in the first quarter valued at approximately $71,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president directly owned 18,930 shares in the company, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 43,335 shares in the company, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,514 shares of company stock worth $1,031,306. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALK. JPMorgan Chase & Co. boosted 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. Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Monday, August 25th. Barclays boosted their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna lifted their price target on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research note on Tuesday, August 5th. Finally, UBS Group upgraded Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $56.00 to $90.00 in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Alaska Air Group currently has an average rating of "Buy" and an average target price of $71.15.

Alaska Air Group Stock Down 0.7%

ALK opened at $63.40 on Monday. The business's fifty day moving average is $56.32 and its two-hundred day moving average is $52.52. 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 cap of $7.31 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 0.69 and a beta of 1.45. Alaska Air Group, Inc. has a one year low of $39.10 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. The company had revenue of $3.70 billion for 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%.Alaska Air Group's quarterly revenue was up 27.9% compared to the same quarter last year. 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.