8,103 Shares in Alaska Air Group, Inc. $ALK Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association invested approximately $408,000 in Alaska Air Group, acquiring 8,103 shares during the first quarter of the year.
• Alaska Air Group reported a 27.9% year-over-year increase in quarterly revenue, reaching $3.70 billion, and earning $1.78 per share, surpassing analysts' expectations.
• The stock has seen significant interest from institutional investors, with 81.90% of shares owned by them, highlighting growing confidence in Alaska Air Group's potential.

United Services Automobile Association purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,103 shares of the transportation company's stock, valued at approximately $408,000.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Alaska Air Group by 1.5% in the first quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock valued at $158,693,000 after buying an additional 47,184 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alaska Air Group by 249.1% in 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 in the last quarter. Point72 Asset Management L.P. increased its position in Alaska Air Group by 134.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after purchasing an additional 1,222,277 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Alaska Air Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after purchasing an additional 321,505 shares in the last quarter. Finally, Northern Trust Corp increased its position in Alaska Air Group by 36.7% during the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock worth $52,307,000 after purchasing an additional 285,382 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Wall Street Analyst Weigh In

ALK has been the subject of a number of recent research reports. 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 research report on Friday. 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 report on Monday, August 25th. Susquehanna lifted their price objective on Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Barclays lifted their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $71.15.

Alaska Air Group Trading Down 0.7%

ALK traded down $0.46 during midday trading on Friday, hitting $63.40. The company's stock had a trading volume of 2,724,943 shares, compared to its average volume of 2,283,586. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The firm has a market cap of $7.31 billion, a P/E ratio of 25.77, a PEG ratio of 0.69 and a beta of 1.45. The firm has a 50-day moving average price of $56.32 and a two-hundred day moving average price of $52.65. Alaska Air Group, Inc. has a 52-week low of $39.10 and a 52-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 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 return on equity of 12.62% and a net margin of 2.33%.The firm's revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business 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, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Activity

In related news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the transaction, the senior vice president directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,514 shares of company stock valued at $1,031,306 in the last three months. Corporate insiders own 0.92% of the company's stock.

About Alaska Air Group

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.