Alaska Air Group, Inc. $ALK is Hennessy Advisors Inc.’s 9th Largest Position

Hennessy Advisors Inc. reduced its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,044,800 shares of the transportation company’s stock after selling 115,300 shares during the period. Alaska Air Group comprises 1.7% of Hennessy Advisors Inc.’s portfolio, making the stock its 9th largest holding. Hennessy Advisors Inc.’s holdings in Alaska Air Group were worth $51,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings 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 buying an additional 184 shares during the last quarter. Perkins Coie Trust Co boosted its position in shares of Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock worth $33,000 after purchasing an additional 377 shares during the period. UMB Bank n.a. boosted its position in shares of Alaska Air Group by 459.1% in the first quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,065 shares during the period. Headlands Technologies LLC bought a new position in shares of Alaska Air Group in the first quarter worth approximately $71,000. Finally, KBC Group NV bought a new position in shares of Alaska Air Group in the first quarter worth approximately $76,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ALK shares. Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the stock a “positive” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. UBS Group upgraded shares of Alaska Air Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $90.00 in a research report on Friday, September 12th. Raymond James Financial set a $68.00 target price on shares of Alaska Air Group and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI dropped their target price on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, September 16th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.62.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $49.09 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a fifty day moving average price of $56.69 and a 200 day moving average price of $51.99. Alaska Air Group, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $78.08. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 0.55 and a beta of 1.40.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping 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 for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.55 earnings per share. 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 expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,600 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares of the company’s stock, valued at $1,007,454.60. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total transaction of $285,300.00. Following the sale, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock valued at $1,031,306 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.