Alaska Air Group, Inc. $ALK Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC lessened its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 2.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 68,261 shares of the transportation company’s stock after selling 1,487 shares during the quarter. Jag Capital Management LLC’s holdings in Alaska Air Group were worth $3,378,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in Alaska Air Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,638,464 shares of the transportation company’s stock worth $129,865,000 after acquiring an additional 1,882,598 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Alaska Air Group by 2,880.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 624,035 shares of the transportation company’s stock worth $30,877,000 after purchasing an additional 603,097 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Alaska Air Group by 630.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 442,038 shares of the transportation company’s stock worth $21,757,000 after purchasing an additional 381,509 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alaska Air Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company’s stock worth $94,028,000 after purchasing an additional 321,505 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Alaska Air Group in the 1st quarter valued at about $15,006,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the sale, the chief financial officer owned 43,335 shares of the company’s stock, valued at $2,472,695.10. This trade represents a 10.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm’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 completion of the sale, the executive vice president directly owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% 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 worth $1,031,306 in the last quarter. 0.92% of the stock is owned by company insiders.

Alaska Air Group Trading Up 2.1%

Shares of ALK stock opened at $48.23 on Tuesday. Alaska Air Group, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $78.08. The company has a 50 day moving average price of $56.14 and a 200 day moving average price of $51.79. The stock has a market capitalization of $5.56 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on ALK shares. JPMorgan Chase & Co. increased their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Evercore ISI decreased their price objective on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, September 16th. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $90.00 in a research report on Friday, September 12th. Barclays boosted their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Zacks Research cut Alaska Air Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.62.

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.