Alaska Air Group, Inc. $ALK Position Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,635 shares of the transportation company’s stock after selling 785 shares during the quarter. State of Alaska Department of Revenue’s holdings in Alaska Air Group were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of Alaska Air Group by 1.5% during the first quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company’s stock worth $158,693,000 after purchasing an additional 47,184 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Alaska Air Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,638,464 shares of the transportation company’s stock worth $129,865,000 after purchasing an additional 1,882,598 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Alaska Air Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company’s stock worth $94,028,000 after purchasing an additional 321,505 shares during the period. Northern Trust Corp raised its holdings in shares of Alaska Air Group by 36.7% during the first quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company’s stock worth $52,307,000 after purchasing an additional 285,382 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 purchasing an additional 79,099 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Kyle B. Levine sold 5,914 shares of the firm’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 approximately $1,207,956.75. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the transaction, the executive vice president owned 18,930 shares of the company’s stock, valued at approximately $1,007,454.60. This trade represents a 28.65% 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 0.92% of the company’s stock.

Alaska Air Group Stock Performance

Shares of ALK opened at $49.14 on Wednesday. The firm has a 50-day moving average price of $56.47 and a 200 day moving average price of $51.92. The firm has a market capitalization of $5.67 billion, a PE ratio of 19.97, a P/E/G ratio of 0.56 and a beta of 1.40. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 52-week low of $39.79 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.22. The firm had revenue of $3.70 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ALK. Weiss Ratings reissued a “hold (c)” rating on shares of Alaska Air Group in a report on Saturday, September 27th. Susquehanna set a $58.00 price objective on shares of Alaska Air Group and gave the stock a “positive” rating in a report on Friday. Evercore ISI dropped their price objective 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 set a $68.00 price objective on shares of Alaska Air Group and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average target price of $71.62.

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.