Institute for Wealth Management LLC. Sells 501 Shares of Alaska Air Group, Inc. $ALK

Institute for Wealth Management LLC. trimmed its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 4.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,258 shares of the transportation company’s stock after selling 501 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Alaska Air Group were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALK. Brooklyn Investment Group increased its stake in Alaska Air Group by 41.1% during the first 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 period. Perkins Coie Trust Co increased its stake in Alaska Air Group by 125.7% during the first 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 period. UMB Bank n.a. grew its stake in shares of Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 1,065 shares during the period. Headlands Technologies LLC bought a new stake in shares of Alaska Air Group in the 1st quarter valued at approximately $71,000. Finally, KBC Group NV bought a new stake in shares of Alaska Air Group in the 1st quarter valued at approximately $76,000. 81.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the company’s stock in a transaction on Monday, July 28th. The stock was 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 represents a 28.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the transaction, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,514 shares of company stock valued at $1,031,306. 1.00% of the stock is currently owned by corporate insiders.

Alaska Air Group Stock Down 2.5%

NYSE ALK opened at $48.52 on Thursday. The firm has a market cap of $5.59 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.54 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 $56.79 and its 200 day simple moving average is $52.06. 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Susquehanna upped their price objective on Alaska Air Group from $50.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, August 5th. Barclays upped their price objective on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Evercore ISI lowered their price objective on Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 16th. Raymond James Financial set a $68.00 price objective on Alaska Air Group and gave the company an “outperform” rating in a research note on Wednesday. Finally, UBS Group upgraded Alaska Air Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $56.00 to $90.00 in a research note on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $71.77.

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.