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

Jag Capital Management LLC lowered its position in Alaska Air Group, Inc. (NYSE:ALK) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,261 shares of the transportation company’s stock after selling 1,487 shares during the period. Jag Capital Management LLC owned about 0.06% of Alaska Air Group worth $3,378,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALK. Brooklyn Investment Group raised its holdings in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Headlands Technologies LLC acquired a new position in shares of Alaska Air Group during the 1st quarter worth approximately $71,000. KBC Group NV acquired a new position in shares of Alaska Air Group during the 1st quarter worth approximately $76,000. State of Wyoming purchased a new position in shares of Alaska Air Group during the 1st quarter valued at approximately $92,000. Finally, Fifth Third Bancorp grew its stake in Alaska Air Group by 96.3% in the 1st quarter. Fifth Third Bancorp now owns 1,926 shares of the transportation company’s stock valued at $95,000 after acquiring an additional 945 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Performance

NYSE:ALK opened at $48.23 on Tuesday. The company has a market cap of $5.56 billion, a P/E ratio of 19.61, a P/E/G ratio of 0.73 and a beta of 1.40. Alaska Air Group, Inc. has a twelve month low of $39.79 and a twelve month high of $78.08. The company’s 50-day moving average price is $56.14 and its 200-day moving average price 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 (NYSE:ALK) last announced its quarterly earnings data 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 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 in the prior year, the company earned $2.55 EPS. Alaska Air Group’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. On average, sell-side analysts forecast 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, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the transaction, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the business’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 directly owned 43,335 shares in the company, valued at $2,472,695.10. This trade represents a 10.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,514 shares of company stock valued at $1,031,306. 0.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Susquehanna set a $58.00 price objective on shares of Alaska Air Group and gave the stock a “positive” rating in a research report on Friday, October 3rd. Evercore ISI cut 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 note on Tuesday, September 16th. Raymond James Financial set a $68.00 price target on shares of Alaska Air Group and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Zacks Research cut Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alaska Air Group in a research note on Wednesday, October 8th. Thirteen 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.62.

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.