Man Group plc Invests $5.68 Million in Alaska Air Group, Inc. $ALK

Man Group plc acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 108,887 shares of the transportation company’s stock, valued at approximately $5,684,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALK. BlackRock Inc. purchased a new stake in Alaska Air Group during the 2nd quarter worth about $606,307,000. Vanguard Group Inc. raised its position in Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock valued at $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after buying an additional 145,484 shares during the period. Primecap Management Co. CA purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at about $168,467,000. Finally, Capital Research Global Investors grew its position in shares of Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after buying an additional 1,475,350 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group restated a “buy” rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Citigroup reduced their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $61.88.

Insiders Place Their Bets

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

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $42.43 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The firm has a market capitalization of $4.73 billion, a PE ratio of -27.03 and a beta of 1.29. The stock’s 50-day simple moving average is $47.44 and its 200-day simple moving average is $44.95.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, equities research analysts forecast 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.