Alaska Air Group, Inc. $ALK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 34.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,716 shares of the transportation company’s stock after selling 17,824 shares during the quarter. Voya Investment Management LLC’s holdings in Alaska Air Group were worth $1,660,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its stake in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 184 shares during the period. US Bancorp DE grew its stake in Alaska Air Group by 1.0% in the 1st quarter. US Bancorp DE now owns 21,982 shares of the transportation company’s stock valued at $1,082,000 after acquiring an additional 210 shares during the period. Valeo Financial Advisors LLC grew its stake in Alaska Air Group by 3.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 256 shares during the period. Meeder Asset Management Inc. grew its stake in Alaska Air Group by 0.8% in the 1st quarter. Meeder Asset Management Inc. now owns 43,865 shares of the transportation company’s stock valued at $2,159,000 after acquiring an additional 339 shares during the period. Finally, Perkins Coie Trust Co grew its stake in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at $2,472,695.10. The trade was a 10.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the business’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 transaction, the senior vice president owned 20,917 shares in the company, valued at $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,514 shares of company stock worth $1,031,306 in the last ninety days. 0.92% of the stock is owned by insiders.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $54.88 on Tuesday. 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 stock has a market cap of $6.33 billion, a P/E ratio of 22.31, a PEG ratio of 0.62 and a beta of 1.45. The company has a 50-day moving average price of $57.01 and a 200 day moving average price of $52.16. 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 posted its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion for 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%. Alaska Air Group’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the business posted $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. Sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALK. Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. 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 research note on Monday, August 25th. JPMorgan Chase & Co. lifted 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 note on Friday, September 12th. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $90.00 in a research note on Friday, September 12th. Finally, Susquehanna lifted their target price 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. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently 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.