U S Global Investors Inc. Grows Stake in Alaska Air Group, Inc. $ALK

U S Global Investors Inc. grew its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 455,934 shares of the transportation company’s stock after purchasing an additional 84,569 shares during the quarter. Alaska Air Group comprises about 2.5% of U S Global Investors Inc.’s investment portfolio, making the stock its 7th biggest position. U S Global Investors Inc. owned approximately 0.39% of Alaska Air Group worth $22,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of Alaska Air Group by 40.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock worth $8,642,000 after purchasing an additional 49,663 shares during the period. Generate Investment Management Ltd bought a new position in shares of Alaska Air Group during the 4th quarter worth about $40,240,000. Lighthouse Investment Partners LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth about $4,194,000. CM Management LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth about $1,244,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Alaska Air Group by 29.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock worth $10,263,000 after purchasing an additional 46,445 shares during the period. Institutional investors own 81.90% of the company’s stock.

Insider Transactions at Alaska Air Group

In other news, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the transaction, the chief financial officer directly owned 43,377 shares in the company, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kyle B. Levine sold 2,945 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total transaction of $176,758.90. Following the transaction, the executive vice president owned 20,977 shares in the company, valued at $1,259,039.54. The trade was a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 56,945 shares of company stock worth $3,204,569. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALK. TD Cowen dropped their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Barclays reiterated an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. The Goldman Sachs Group decreased their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group reiterated a “buy” rating and set a $54.00 target price (up from $53.00) on shares of Alaska Air Group in a research report on Wednesday, April 15th. Finally, Morgan Stanley decreased their target price on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $63.31.

Alaska Air Group Price Performance

NYSE:ALK opened at $41.18 on Friday. The firm has a market cap of $4.67 billion, a PE ratio of 77.70, a price-to-earnings-growth ratio of 6.53 and a beta of 1.27. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a quick ratio of 0.46, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company’s 50-day moving average price is $43.37 and its two-hundred day moving average price is $46.43.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, equities analysts anticipate that Alaska Air Group, Inc. will post 0.31 EPS for the current fiscal year.

About Alaska Air Group

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.