Alaska Air Group, Inc. $ALK Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,017 shares of the transportation company’s stock after buying an additional 1,058 shares during the period. Pallas Capital Advisors LLC’s holdings in Alaska Air Group were worth $397,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New Mexico Educational Retirement Board purchased a new position in shares of Alaska Air Group in the 1st quarter valued at $1,235,000. Cambridge Investment Research Advisors Inc. grew its position in Alaska Air Group by 416.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company’s stock worth $1,501,000 after purchasing an additional 24,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Alaska Air Group by 2.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company’s stock valued at $1,238,000 after purchasing an additional 713 shares during the period. KBC Group NV purchased a new stake in shares of Alaska Air Group in the first quarter valued at about $76,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alaska Air Group by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company’s stock valued at $47,839,000 after buying an additional 79,099 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group 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 value of $404,472.00. Following the completion of the transaction, the executive vice president directly owned 18,930 shares of the company’s stock, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 20,917 shares of the company’s stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock worth $1,031,306 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Alaska Air Group Trading Down 0.4%

Alaska Air Group stock opened at $57.17 on Friday. The firm has a 50 day simple moving average of $56.97 and a 200-day simple moving average of $52.27. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market capitalization of $6.59 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. Alaska Air Group, Inc. has a 12-month low of $39.10 and a 12-month high of $78.08.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $2.55 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. 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 expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALK. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $56.00 to $90.00 in a report on Friday, September 12th. Evercore ISI lowered their target price 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, September 16th. 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 on the stock in a report on Monday, August 25th. Susquehanna lifted their target price 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $71.92.

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.