Farther Finance Advisors LLC Sells 843 Shares of Alaska Air Group, Inc. $ALK

Farther Finance Advisors LLC decreased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the transportation company’s stock after selling 843 shares during the period. Farther Finance Advisors LLC’s holdings in Alaska Air Group were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ALK. New Mexico Educational Retirement Board bought a new stake in Alaska Air Group during the first quarter worth about $1,235,000. Cambridge Investment Research Advisors Inc. boosted its stake in Alaska Air Group by 416.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company’s stock worth $1,501,000 after acquiring an additional 24,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Alaska Air Group by 2.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company’s stock worth $1,238,000 after acquiring an additional 713 shares in the last quarter. KBC Group NV bought a new stake in Alaska Air Group during the first quarter worth about $76,000. Finally, Bank of New York Mellon Corp boosted its stake in Alaska Air Group by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company’s stock worth $47,839,000 after acquiring an additional 79,099 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, 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 approximately $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the transaction, the chief financial officer owned 43,335 shares of the company’s stock, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,514 shares of company stock valued at $1,031,306. Insiders own 0.92% of the company’s stock.

Alaska Air Group Stock Down 1.2%

Shares of ALK stock opened at $49.84 on Wednesday. Alaska Air Group, Inc. has a 12 month low of $39.79 and a 12 month high of $78.08. The stock has a market cap of $5.75 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.55 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. The company has a 50 day simple moving average of $56.89 and a two-hundred day simple moving average of $52.08.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 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 business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $2.55 earnings per share. The firm’s 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. On average, research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on ALK. Barclays boosted 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 note on Thursday, July 10th. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $90.00 in a research note on Friday, September 12th. 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 report on Friday, September 12th. 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 report on Tuesday, August 5th. Finally, Evercore ISI decreased their target price 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. Thirteen equities research 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 target price 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.