Cutler Investment Counsel LLC Lowers Position in Alaska Air Group, Inc. $ALK

Cutler Investment Counsel LLC cut its stake in Alaska Air Group, Inc. (NYSE:ALK) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,779 shares of the transportation company’s stock after selling 1,409 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Alaska Air Group were worth $385,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Verdence Capital Advisors LLC grew its holdings in Alaska Air Group by 112.5% during the second quarter. Verdence Capital Advisors LLC now owns 10,960 shares of the transportation company’s stock worth $542,000 after buying an additional 5,803 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Alaska Air Group by 23.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,552 shares of the transportation company’s stock worth $324,000 after acquiring an additional 1,260 shares during the last quarter. Ellis Investment Partners LLC lifted its position in shares of Alaska Air Group by 1.7% during the second quarter. Ellis Investment Partners LLC now owns 40,673 shares of the transportation company’s stock valued at $2,013,000 after purchasing an additional 699 shares in the last quarter. CWM LLC lifted its position in shares of Alaska Air Group by 24.0% during the second quarter. CWM LLC now owns 26,306 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 5,084 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Alaska Air Group by 28.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,153 shares of the transportation company’s stock valued at $1,442,000 after purchasing an additional 6,371 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Alaska Air Group in a research note on Wednesday, October 8th. Barclays upped their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Zacks Research cut Alaska Air Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Finally, Evercore ISI lowered their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.62.

Insiders Place Their Bets

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the transaction, the senior vice president owned 20,917 shares in the company, valued at $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the company’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 transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock worth $1,031,306 over the last quarter. 0.92% of the stock is currently owned by company insiders.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $48.23 on Tuesday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.73 and a beta of 1.40. The business’s 50 day simple moving average is $56.14 and its 200 day simple moving average is $51.79. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 12 month low of $39.79 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.22. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the company posted $2.55 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

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.