Northwestern Mutual Wealth Management Co. Sells 745 Shares of Alaska Air Group, Inc. $ALK

Northwestern Mutual Wealth Management Co. lessened its position in Alaska Air Group, Inc. (NYSE:ALK) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,394 shares of the transportation company’s stock after selling 745 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alaska Air Group were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALK. Point72 Asset Management L.P. grew its position in shares of Alaska Air Group by 134.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company’s stock valued at $138,191,000 after acquiring an additional 1,222,277 shares during the period. Interval Partners LP bought a new position in shares of Alaska Air Group in the 4th quarter valued at about $50,507,000. Driehaus Capital Management LLC bought a new position in shares of Alaska Air Group in the 4th quarter valued at about $37,562,000. SG Americas Securities LLC grew its position in shares of Alaska Air Group by 707.9% in the 1st quarter. SG Americas Securities LLC now owns 474,005 shares of the transportation company’s stock valued at $23,331,000 after acquiring an additional 415,334 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Alaska Air Group by 630.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 442,038 shares of the transportation company’s stock valued at $21,757,000 after acquiring an additional 381,509 shares during the period. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $62.62 on Wednesday. Alaska Air Group, Inc. has a twelve month low of $35.76 and a twelve month high of $78.08. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The company has a 50-day simple moving average of $54.22 and a two-hundred day simple moving average of $53.23. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 0.61 and a beta of 1.45.

Alaska Air Group (NYSE:ALK) last issued 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. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The business’s revenue was up 27.9% on a year-over-year basis. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of Alaska Air Group stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president owned 8,253 shares in the company, valued at $423,709.02. The trade was a 26.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of 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 21,460 shares of company stock worth $1,182,553 over the last quarter. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ALK. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Monday, August 25th. UBS Group raised their target price on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Susquehanna raised their target price on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, August 5th. Finally, Barclays raised their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Alaska Air Group 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.