Alaska Air Group, Inc. $ALK Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 71.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,230 shares of the transportation company’s stock after purchasing an additional 933 shares during the quarter. UMB Bank n.a.’s holdings in Alaska Air Group were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ALK. Brooklyn Investment Group raised its holdings in shares of 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 buying an additional 184 shares during the period. Perkins Coie Trust Co grew its position 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 in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in Alaska Air Group during the fourth quarter worth about $38,000. Headlands Technologies LLC purchased a new stake in Alaska Air Group during the first quarter worth about $71,000. Finally, KBC Group NV acquired a new stake in shares of Alaska Air Group during the first quarter worth about $76,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALK has been the subject of a number of research reports. Evercore ISI dropped their price objective on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, September 16th. Susquehanna boosted 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. JPMorgan Chase & Co. upped their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Barclays lifted their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Raymond James Financial upgraded Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Monday, August 25th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $71.92.

Alaska Air Group Stock Down 2.3%

Shares of NYSE ALK opened at $52.90 on Thursday. The business has a 50-day moving average of $57.08 and a two-hundred day moving average of $52.18. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 0.59 and a beta of 1.45. Alaska Air Group, Inc. has a 1 year low of $39.79 and a 1 year high of $78.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company 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. On average, analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the company’s stock in a transaction on 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 owned 18,930 shares in the company, valued at $1,007,454.60. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was 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 approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,514 shares of company stock worth $1,031,306. Corporate insiders own 1.00% of the company’s stock.

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.