Cutler Investment Counsel LLC Sells 1,409 Shares of Alaska Air Group, Inc. $ALK

Cutler Investment Counsel LLC decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,779 shares of the transportation company’s stock after selling 1,409 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Alaska Air Group were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Mexico Educational Retirement Board acquired a new position in Alaska Air Group during the 1st quarter worth about $1,235,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Alaska Air Group by 416.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company’s stock worth $1,501,000 after acquiring an additional 24,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Alaska Air Group by 2.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company’s stock worth $1,238,000 after acquiring an additional 713 shares during the last quarter. KBC Group NV acquired a new stake in Alaska Air Group during the 1st quarter valued at approximately $76,000. Finally, Bank of New York Mellon Corp increased its position in Alaska Air Group by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company’s stock valued at $47,839,000 after purchasing an additional 79,099 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALK has been the topic of a number of analyst reports. Raymond James Financial set a $68.00 price objective on shares of Alaska Air Group and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Evercore ISI dropped their target price on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Alaska Air Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, UBS Group raised Alaska Air Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $90.00 in a research note on Friday, September 12th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $71.62.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the completion of the sale, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president owned 20,917 shares of the company’s stock, valued at $1,207,956.75. This trade represents 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. 0.92% of the stock is owned by company insiders.

Alaska Air Group Trading Up 2.1%

ALK opened at $48.23 on Tuesday. Alaska Air Group, Inc. has a 1-year low of $39.79 and a 1-year high of $78.08. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The company has a market cap of $5.56 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. The company has a fifty day moving average price of $56.14 and a two-hundred day moving average price of $51.79.

Alaska Air Group (NYSE:ALK) last issued its earnings results 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 period last year, the business 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. Analysts predict that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal 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.