MetLife Investment Management LLC Has $14.93 Million Stock Holdings in Alaska Air Group, Inc. $ALK

MetLife Investment Management LLC lifted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 13,665.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 303,380 shares of the transportation company’s stock after purchasing an additional 301,176 shares during the quarter. MetLife Investment Management LLC owned about 0.25% of Alaska Air Group worth $14,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Alaska Air Group in the 4th quarter valued at approximately $38,000. Brooklyn Investment Group boosted its position in 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 boosted its position in Alaska Air Group by 125.7% during the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock worth $33,000 after acquiring an additional 377 shares during the last quarter. UMB Bank n.a. boosted its position in Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company’s stock worth $64,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Alaska Air Group during the 1st quarter worth approximately $71,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 43,335 shares of the company’s stock, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the 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 completion of the sale, the senior vice president directly owned 20,917 shares of the company’s stock, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,460 shares of company stock worth $1,182,553. 0.92% of the stock is owned by corporate insiders.

Alaska Air Group Trading Up 0.9%

NYSE ALK opened at $60.02 on Tuesday. The company has a market cap of $6.92 billion, a PE ratio of 24.40, a PEG ratio of 0.58 and a beta of 1.45. 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 $35.07 and a 12 month high of $78.08. The stock has a 50 day moving average of $52.44 and a 200-day moving average of $53.58.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.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 firm 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 anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Susquehanna upped their price target on Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a research report on Tuesday, August 5th. Barclays upped their price target 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. Finally, Raymond James Financial raised Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.