Deroy & Devereaux Private Investment Counsel Inc. Boosts Stock Holdings in Alaska Air Group, Inc. $ALK

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 24.4% during the second quarter, HoldingsChannel.com reports. The firm owned 102,945 shares of the transportation company’s stock after acquiring an additional 20,165 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Alaska Air Group were worth $5,094,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board purchased a new position in shares of Alaska Air Group in the 1st quarter valued at $1,235,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Alaska Air Group by 416.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company’s stock valued at $1,501,000 after acquiring an additional 24,592 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Alaska Air Group by 2.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company’s stock valued at $1,238,000 after acquiring an additional 713 shares during the period. KBC Group NV purchased a new position in shares of Alaska Air Group in the 1st quarter valued at $76,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Alaska Air Group by 8.9% in 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 acquiring an additional 79,099 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the firm’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 transaction, the executive vice president directly owned 18,930 shares of the company’s stock, valued at $1,007,454.60. This trade represents a 28.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the transaction, the senior vice president directly owned 20,917 shares of the company’s stock, valued at approximately $1,207,956.75. This represents a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,514 shares of company stock valued at $1,031,306 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Alaska Air Group Price Performance

Shares of ALK stock opened at $49.41 on Wednesday. The firm has a market cap of $5.70 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.75 and a beta of 1.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. Alaska Air Group, Inc. has a 1-year low of $39.79 and a 1-year high of $78.08. The firm has a fifty day moving average of $56.06 and a two-hundred day moving average of $51.77.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.22. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $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. As a group, research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALK has been the topic of a number of research reports. Evercore ISI cut 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 research note on Tuesday, September 16th. Barclays raised their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $56.00 to $90.00 in a research note on Friday, September 12th. JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $73.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Raymond James Financial set a $68.00 price target on shares of Alaska Air Group and gave the company an “outperform” rating in a report on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.62.

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.