United Services Automobile Association Invests $408,000 in Alaska Air Group, Inc. $ALK

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new position in shares of Alaska Air Group in the fourth quarter worth approximately $38,000. Brooklyn Investment Group grew its holdings in 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 acquiring an additional 184 shares during the last quarter. Perkins Coie Trust Co grew its stake 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 worth $33,000 after purchasing an additional 377 shares during the last quarter. UMB Bank n.a. grew its stake 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 worth $64,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Alaska Air Group in the first quarter worth about $71,000. 81.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALK has been the topic of a number of recent analyst reports. 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, September 12th. Evercore ISI cut their price target on shares of Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday. Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. UBS Group raised shares of Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $56.00 to $90.00 in a research note on Friday, September 12th. Finally, Barclays lifted their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $71.92.

Alaska Air Group Trading Up 1.7%

ALK stock traded up $1.01 during mid-day trading on Wednesday, reaching $58.61. The company had a trading volume of 588,710 shares, compared to its average volume of 3,096,938. Alaska Air Group, Inc. has a 12 month low of $39.10 and a 12 month high of $78.08. The company has a market capitalization of $6.76 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 0.64 and a beta of 1.45. The firm has a 50 day moving average of $56.64 and a 200 day moving average of $52.46. 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 (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company earned $2.55 EPS. The business's revenue was up 27.9% compared to the same quarter last year. 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 analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In related news, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president owned 20,917 shares of the company's stock, valued at $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the completion of the sale, the executive vice president owned 18,930 shares of the company's stock, valued at approximately $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 a total of 18,514 shares of company stock valued at $1,031,306 over the last quarter. 0.92% of the stock is owned by corporate insiders.

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.