U S Global Investors Inc. Buys 84,569 Shares of Alaska Air Group, Inc. $ALK

U S Global Investors Inc. lifted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 22.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 455,934 shares of the transportation company’s stock after buying an additional 84,569 shares during the period. Alaska Air Group accounts for approximately 2.5% of U S Global Investors Inc.’s holdings, making the stock its 7th largest position. U S Global Investors Inc.’s holdings in Alaska Air Group were worth $22,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ALK. BNP Paribas Financial Markets raised its stake in shares of Alaska Air Group by 1,563.7% during the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after buying an additional 1,026,710 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Alaska Air Group during the third quarter worth approximately $48,583,000. Generate Investment Management Ltd bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $40,240,000. Massachusetts Financial Services Co. MA raised its stake in shares of Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after buying an additional 588,119 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Alaska Air Group by 129.4% during the third quarter. Invesco Ltd. now owns 820,296 shares of the transportation company’s stock worth $40,834,000 after buying an additional 462,776 shares during the last quarter. 81.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Wall Street Zen downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Citigroup dropped their price target on shares of Alaska Air Group from $69.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Evercore set a $60.00 price target on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, BMO Capital Markets boosted their price target on shares of Alaska Air Group from $42.50 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.31.

Insider Activity

In other news, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the transaction, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 14,500 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $54.81, for a total transaction of $794,745.00. Following the completion of the transaction, the executive vice president owned 20,195 shares of the company’s stock, valued at $1,106,887.95. This trade represents a 41.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 56,945 shares of company stock worth $3,204,569 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Stock Up 1.0%

Shares of NYSE:ALK opened at $41.18 on Friday. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.46 and a current ratio of 0.43. The company has a market capitalization of $4.67 billion, a PE ratio of 77.70, a PEG ratio of 6.53 and a beta of 1.27. The company has a 50 day moving average price of $43.37 and a two-hundred day moving average price of $46.43.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Analysts forecast that Alaska Air Group, Inc. will post 0.31 earnings per share for the current year.

Alaska Air Group Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.