Susquehanna Fundamental Investments LLC Buys Shares of 192,782 Alaska Air Group, Inc. $ALK

Susquehanna Fundamental Investments LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 192,782 shares of the transportation company’s stock, valued at approximately $10,063,000. Susquehanna Fundamental Investments LLC owned approximately 0.17% of Alaska Air Group at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after acquiring an additional 152,953 shares during the period. Intech Investment Management LLC bought a new stake in Alaska Air Group during the first quarter worth approximately $1,318,000. Finally, Invesco Ltd. lifted its position in Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after purchasing an additional 9,307 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Benito Minicucci bought 25,000 shares of Alaska Air Group stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares of the company’s stock, valued at $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Barclays set a $65.00 price objective on Alaska Air Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 13th. Finally, UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alaska Air Group has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Alaska Air Group Trading Up 0.3%

Alaska Air Group stock opened at $42.43 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -27.03 and a beta of 1.29. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The firm’s 50 day moving average price is $47.44 and its two-hundred day moving average price is $44.84.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts predict that Alaska Air Group, Inc. will post -1.76 EPS for the current fiscal 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.