Credit Agricole S A Purchases Shares of 27,290 Alaska Air Group, Inc. $ALK

Credit Agricole S A purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,290 shares of the transportation company’s stock, valued at approximately $1,343,000.

A number of other large investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of Alaska Air Group by 195.8% during the 1st quarter. Hsbc Holdings PLC now owns 73,063 shares of the transportation company’s stock valued at $3,552,000 after purchasing an additional 149,299 shares during the period. Quantbot Technologies LP purchased a new position in shares of Alaska Air Group during the 1st quarter valued at about $5,347,000. Northern Trust Corp lifted its position in shares of Alaska Air Group by 36.7% during the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company’s stock valued at $52,307,000 after buying an additional 285,382 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock valued at $31,000 after buying an additional 184 shares in the last quarter. Finally, Versor Investments LP lifted its position in shares of Alaska Air Group by 133.0% during the 1st quarter. Versor Investments LP now owns 7,253 shares of the transportation company’s stock valued at $357,000 after buying an additional 4,140 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alaska Air Group news, 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 owned 43,335 shares of the company’s stock, valued at $2,472,695.10. This represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the transaction, the senior vice president directly owned 20,917 shares in the company, valued at $1,207,956.75. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,460 shares of company stock worth $1,182,553. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ALK shares. UBS Group lifted their price objective on Alaska Air Group from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Barclays lifted their price objective 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, Susquehanna boosted their price target on Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.83.

Alaska Air Group Stock Up 8.0%

NYSE ALK opened at $59.3020 on Monday. The stock’s 50 day moving average is $52.22 and its 200 day moving average is $53.69. 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 $34.60 and a 12 month high of $78.08. The stock has a market cap of $6.84 billion, a PE ratio of 24.11, a P/E/G ratio of 0.58 and a beta of 1.45.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Alaska Air Group Company 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.