Redwood Investment Management LLC Purchases Shares of 22,459 Alaska Air Group, Inc. $ALK

Redwood Investment Management LLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 22,459 shares of the transportation company’s stock, valued at approximately $1,172,000.

A number of other institutional investors have also recently made changes to their positions in ALK. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. lifted its position in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 485 shares during the period. Compound Global Advisors LLC purchased a new stake in Alaska Air Group in the second quarter worth approximately $39,000. Cedar Mountain Advisors LLC boosted its holdings in Alaska Air Group by 963.3% in the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after purchasing an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

ALK opened at $43.12 on Thursday. The company’s 50 day moving average is $47.72 and its 200 day moving average is $45.09. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -27.46 and a beta of 1.29. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post -1.46 EPS for the current year.

Analyst Ratings Changes

ALK has been the subject of a number of research reports. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a research note on Monday. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. BMO Capital Markets raised their price target on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Barclays set a $65.00 price objective on Alaska Air Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Susquehanna upped their price objective on Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Insiders Place Their Bets

In other Alaska Air Group news, CEO Benito Minicucci acquired 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Alaska Air Group Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.