Deutsche Bank AG Buys 4,572 Shares of Alaska Air Group, Inc. $ALK

Deutsche Bank AG raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,454 shares of the transportation company’s stock after purchasing an additional 4,572 shares during the quarter. Deutsche Bank AG’s holdings in Alaska Air Group were worth $2,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ALK. Point72 Asset Management L.P. boosted its stake in shares of Alaska Air Group by 134.0% during the fourth quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company’s stock valued at $138,191,000 after purchasing an additional 1,222,277 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alaska Air Group by 20.2% in the first 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. Voloridge Investment Management LLC grew its position in shares of Alaska Air Group by 22.1% during the fourth quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company’s stock valued at $63,064,000 after purchasing an additional 176,576 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Alaska Air Group by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company’s stock worth $47,839,000 after purchasing an additional 79,099 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in Alaska Air Group by 4,615.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 943,064 shares of the transportation company’s stock valued at $61,063,000 after acquiring an additional 923,064 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,460 shares of company stock worth $1,182,553 over the last ninety days. 0.92% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $57.1450 on Wednesday. The firm’s 50-day moving average price is $51.74 and its two-hundred day moving average price is $54.21. The stock has a market capitalization of $6.59 billion, a P/E ratio of 23.23, a P/E/G ratio of 0.56 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 52-week low of $34.44 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.22. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm posted $2.55 EPS. Alaska Air Group’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. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALK. TD Cowen boosted their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. UBS Group raised their price objective on Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Barclays lifted their price objective on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Susquehanna increased 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. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold 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 $67.83.

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.