US Bancorp DE Has $1.12 Million Stock Holdings in Alaska Air Group, Inc. $ALK

US Bancorp DE increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 3.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,654 shares of the transportation company’s stock after purchasing an additional 672 shares during the period. US Bancorp DE’s holdings in Alaska Air Group were worth $1,121,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group lifted 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 worth $31,000 after purchasing an additional 184 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Alaska Air Group during the 1st quarter worth about $71,000. KBC Group NV acquired a new position in shares of Alaska Air Group during the 1st quarter worth about $76,000. State of Wyoming acquired a new position in shares of Alaska Air Group during the 1st quarter worth about $92,000. Finally, Fifth Third Bancorp raised its holdings in Alaska Air Group by 96.3% in the 1st quarter. Fifth Third Bancorp now owns 1,926 shares of the transportation company’s stock valued at $95,000 after acquiring an additional 945 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research cut Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 8th. Evercore ISI cut their price target on 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 set a $58.00 price target on Alaska Air Group and gave the company a “positive” rating in a report on Friday, October 3rd. Raymond James Financial set a $68.00 price target on Alaska Air Group and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $71.62.

Alaska Air Group Stock Down 0.9%

NYSE ALK opened at $47.36 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.40. Alaska Air Group, Inc. has a one year low of $39.79 and a one year high of $78.08. The stock’s 50 day simple moving average is $55.75 and its 200 day simple moving average is $51.73. 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 released its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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%.Alaska Air Group’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior 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. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 7,600 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock worth $1,031,306 in the last three months. 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.