First Pacific Financial Increases Stock Position in Alaska Air Group, Inc. $ALK

First Pacific Financial raised its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 5,268.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,736 shares of the transportation company’s stock after purchasing an additional 10,536 shares during the quarter. First Pacific Financial’s holdings in Alaska Air Group were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ALK. Brooklyn Investment Group lifted its holdings 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 worth $31,000 after acquiring an additional 184 shares during the last quarter. Perkins Coie Trust Co lifted its stake in Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock worth $33,000 after purchasing an additional 377 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company’s stock worth $64,000 after purchasing an additional 1,065 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Alaska Air Group in the 1st quarter worth about $71,000. Finally, KBC Group NV bought a new position in shares of Alaska Air Group during the 1st quarter valued at about $76,000. Institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

ALK has been the subject of a number of recent research reports. Barclays boosted their target price on Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. UBS Group upgraded shares of Alaska Air Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $90.00 in a report on Friday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Raymond James Financial set a $68.00 target price on shares of Alaska Air Group and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Susquehanna boosted their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.77.

Insider Buying and Selling

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total value of $285,300.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 20,917 shares of the company’s stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,514 shares of company stock valued at $1,031,306 over the last ninety days. 1.00% of the stock is owned by insiders.

Alaska Air Group Stock Down 2.5%

Shares of NYSE ALK opened at $48.52 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 52 week low of $39.79 and a 52 week high of $78.08. The firm’s fifty day moving average is $56.79 and its 200 day moving average is $52.06. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.54 and a beta of 1.40.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. On average, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share 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.