Alaska Air Group, Inc. $ALK Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC boosted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 27,912 shares of the transportation company’s stock after purchasing an additional 342 shares during the period. Mutual Advisors LLC’s holdings in Alaska Air Group were worth $1,456,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC increased its holdings in Alaska Air Group by 112.5% in the 2nd quarter. Verdence Capital Advisors LLC now owns 10,960 shares of the transportation company’s stock valued at $542,000 after purchasing an additional 5,803 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Alaska Air Group by 23.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,552 shares of the transportation company’s stock valued at $324,000 after purchasing an additional 1,260 shares during the last quarter. Ellis Investment Partners LLC increased its holdings in Alaska Air Group by 1.7% in the 2nd quarter. Ellis Investment Partners LLC now owns 40,673 shares of the transportation company’s stock valued at $2,013,000 after purchasing an additional 699 shares during the last quarter. CWM LLC increased its holdings in Alaska Air Group by 24.0% in the 2nd quarter. CWM LLC now owns 26,306 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 5,084 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Alaska Air Group by 28.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,153 shares of the transportation company’s stock worth $1,442,000 after acquiring an additional 6,371 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $47.36 on Friday. 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 fifty day moving average price of $55.75 and a 200 day moving average price of $51.73. The company has a market cap of $5.46 billion, a P/E ratio of 19.25, a PEG ratio of 0.75 and a beta of 1.40. Alaska Air Group, Inc. has a 12 month low of $39.79 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK) last issued 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the transaction, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $285,300.00. Following the transaction, the chief financial officer owned 43,335 shares of the company’s stock, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,514 shares of company stock worth $1,031,306. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ALK. Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the stock a “positive” rating in a research note on Friday, October 3rd. Evercore ISI dropped their price target on shares of 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. Raymond James Financial set a $68.00 price target on shares of Alaska Air Group and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Alaska Air Group in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.62.

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.