Trexquant Investment LP Takes Position in Alaska Air Group, Inc. $ALK

Key Points

• Trexquant Investment LP invested approximately $10.40 million in Alaska Air Group, acquiring 211,378 shares, which represents about 0.17% of the company's stock.
• During the first quarter of 2023, several institutional investors increased their stakes in Alaska Air Group, including Brooklyn Investment Group with a 41.1% increase and UMB Bank n.a. with a massive 459.1% increase.
• Alaska Air Group reported earnings of $1.78 per share for the most recent quarter, exceeding analyst expectations and showcasing a 27.9% revenue increase compared to the same quarter last year.

Trexquant Investment LP acquired a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 211,378 shares of the transportation company's stock, valued at approximately $10,404,000. Trexquant Investment LP owned approximately 0.17% of Alaska Air Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after buying an additional 184 shares in the last quarter. Perkins Coie Trust Co grew its stake in shares of Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after buying an additional 377 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Alaska Air Group in the 4th quarter worth $38,000. UMB Bank n.a. grew its stake in shares of 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 worth $64,000 after buying an additional 1,065 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Alaska Air Group in the 1st quarter worth $71,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 dated 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 sale, the chief financial officer directly owned 43,335 shares of the company's stock, valued at $2,472,695.10. The trade was a 10.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Emily Halverson sold 2,946 shares of the business's 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. This represents a 26.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,460 shares of company stock valued at $1,182,553 in the last quarter. Corporate insiders own 0.92% of the company's stock.

Alaska Air Group Trading Down 0.0%

Alaska Air Group stock traded down $0.03 during trading hours on Wednesday, hitting $62.56. The company had a trading volume of 1,170,355 shares, compared to its average volume of 3,099,549. The firm has a market cap of $7.21 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.61 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. Alaska Air Group, Inc. has a 1 year low of $35.77 and a 1 year high of $78.08. The company has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $53.23.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm's quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $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, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALK shares. Raymond James Financial raised shares of 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. UBS Group lifted their price target on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research note on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

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.