Greenleaf Trust Reduces Position in Alaska Air Group, Inc. $ALK

Greenleaf Trust decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,694 shares of the transportation company’s stock after selling 641 shares during the quarter. Greenleaf Trust’s holdings in Alaska Air Group were worth $232,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group boosted its position in shares of Alaska Air Group by 41.1% during 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 last quarter. Perkins Coie Trust Co boosted its position in shares of Alaska Air Group by 125.7% during 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 last quarter. UMB Bank n.a. boosted its position in shares of Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 1,065 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Alaska Air Group during the 1st quarter valued at about $71,000. Finally, KBC Group NV acquired a new position in shares of Alaska Air Group during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 0.2%

Shares of ALK opened at $49.09 on Friday. The stock has a market capitalization of $5.66 billion, a PE ratio of 19.96, a P/E/G ratio of 0.55 and a beta of 1.40. 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 quick ratio of 0.49 and a current ratio of 0.52. The company’s 50-day simple moving average is $56.69 and its 200-day simple moving average is $51.98.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Alaska Air Group in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. 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 research report on Friday, September 12th. Barclays upped their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Raymond James Financial set a $68.00 target price on shares of Alaska Air Group and gave the company an “outperform” rating in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.62.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the transaction, the senior vice president directly owned 20,917 shares in the company, valued at $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the 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 in the company, valued at $1,007,454.60. This represents a 28.65% 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 over the last three months. Insiders own 1.00% of the company’s stock.

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.