Alaska Air Group, Inc. $ALK Position Trimmed by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp reduced its holdings in Alaska Air Group by 75.6%, owning 2,850 shares worth $141,000 after divesting 8,815 shares in the second quarter.
• Several institutional investors increased their stakes in Alaska Air Group, with 81.90% of the stock currently owned by such investors.
Analysts have generally upgraded their outlook on Alaska Air Group, with a consensus Buy rating and an average price target of $71.92, indicating positive market sentiment.

Toth Financial Advisory Corp lowered its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 75.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,850 shares of the transportation company's stock after selling 8,815 shares during the period. Toth Financial Advisory Corp's holdings in Alaska Air Group were worth $141,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ALK. New Mexico Educational Retirement Board bought a new position in shares of Alaska Air Group in the first quarter worth about $1,235,000. Cambridge Investment Research Advisors Inc. raised its position in Alaska Air Group by 416.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company's stock valued at $1,501,000 after purchasing an additional 24,592 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Alaska Air Group by 2.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company's stock valued at $1,238,000 after buying an additional 713 shares during the last quarter. KBC Group NV bought a new position in shares of Alaska Air Group during the first quarter valued at approximately $76,000. Finally, Bank of New York Mellon Corp grew its stake in Alaska Air Group by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after purchasing an additional 79,099 shares in the last quarter. Institutional investors own 81.90% of the company's stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, 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 completion of the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $57.75, for a total value 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. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,514 shares of company stock worth $1,031,306. Insiders own 0.92% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALK. 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. Raymond James Financial upgraded Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research note on Monday, August 25th. Evercore ISI cut their price target on Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, September 16th. UBS Group upgraded Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $71.92.

Alaska Air Group Stock Performance

Shares of ALK traded down $2.37 during midday trading on Monday, reaching $54.88. 3,999,073 shares of the stock were exchanged, compared to its average volume of 2,770,497. The business's 50-day moving average price is $57.01 and its 200 day moving average price is $52.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. Alaska Air Group, Inc. has a twelve month low of $39.79 and a twelve month high of $78.08. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.62 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $2.55 EPS. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

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.