Advisors Asset Management Inc. Has $382,000 Stake in Alaska Air Group, Inc. $ALK

Advisors Asset Management Inc. boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 355.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,770 shares of the transportation company’s stock after buying an additional 6,065 shares during the period. Advisors Asset Management Inc.’s holdings in Alaska Air Group were worth $382,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Alaska Air Group by 1.5% during the first quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company’s stock worth $158,693,000 after buying an additional 47,184 shares in the last quarter. Point72 Asset Management L.P. grew its stake in 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 worth $138,191,000 after buying an additional 1,222,277 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alaska Air Group by 20.2% during 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 buying an additional 321,505 shares in the last quarter. Northern Trust Corp grew its stake in Alaska Air Group by 36.7% during the first quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company’s stock worth $52,307,000 after buying an additional 285,382 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its stake in 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 worth $63,064,000 after buying an additional 176,576 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALK. UBS Group increased their price objective on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Susquehanna increased their target price on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, August 5th. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Monday, August 25th. Finally, Barclays increased their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Insider Activity at Alaska Air Group

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer owned 43,335 shares in the company, valued at $2,472,695.10. This trade represents a 10.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 18,514 shares of company stock worth $1,031,306 in the last quarter. 1.00% of the stock is owned by insiders.

Alaska Air Group Stock Up 1.9%

ALK stock opened at $63.81 on Friday. The stock has a market capitalization of $7.36 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 12 month low of $38.97 and a 12 month high of $78.08. The firm has a 50-day moving average price of $56.07 and a 200-day moving average price of $52.84.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data 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. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

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.