Alaska Air Group, Inc. $ALK Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC lifted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,770 shares of the transportation company’s stock after buying an additional 316 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Alaska Air Group were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group grew its position in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. US Bancorp DE boosted its holdings in Alaska Air Group by 1.0% in the first quarter. US Bancorp DE now owns 21,982 shares of the transportation company’s stock worth $1,082,000 after purchasing an additional 210 shares during the period. Signaturefd LLC boosted its holdings in Alaska Air Group by 7.8% in the second quarter. Signaturefd LLC now owns 3,113 shares of the transportation company’s stock worth $154,000 after purchasing an additional 225 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Alaska Air Group by 3.4% in the first quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company’s stock worth $385,000 after purchasing an additional 256 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Alaska Air Group by 0.8% in the first quarter. Meeder Asset Management Inc. now owns 43,865 shares of the transportation company’s stock worth $2,159,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ALK shares. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Monday, August 25th. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $90.00 in a report on Friday, September 12th. JPMorgan Chase & Co. boosted their price target on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Barclays boosted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Evercore ISI reduced their price target 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, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $71.92.

Insider Activity at Alaska Air Group

In related news, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the sale, the senior vice president owned 20,917 shares of the company’s stock, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 18,930 shares of the company’s stock, valued at approximately $1,007,454.60. The trade was 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 valued at $1,031,306. 0.92% of the stock is owned by corporate insiders.

Alaska Air Group Trading Down 1.0%

NYSE:ALK opened at $50.80 on Monday. 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, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $78.08. The stock’s 50-day moving average is $57.00 and its two-hundred day moving average is $52.12. The stock has a market cap of $5.86 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.45.

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, beating the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.