Vanguard Trims Alaska Air Stake to 8.5% as of Dec 29, 2023
Ticker: ALK · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 766421
| Field | Detail |
|---|---|
| Company | Alaska Air Group, INC. (ALK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-change, amendment, airline
TL;DR
**Vanguard cut its Alaska Air stake to 8.5%, signaling a slight pullback.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Alaska Air Group Inc. As of December 29, 2023, Vanguard holds 10,776,346 shares of Alaska Air's Common Stock, representing 8.5% of the company. This is a decrease from their previous filing, indicating Vanguard has slightly reduced its stake. This matters to investors because Vanguard is a significant institutional holder, and changes in its position can signal shifts in its outlook on the airline's future performance.
Why It Matters
A reduction in Vanguard's stake could suggest a less bullish outlook from a major institutional investor, potentially influencing other investors' perceptions of Alaska Air Group Inc.'s stock.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment by a large institutional investor, not a drastic change that would significantly alter the company's risk profile.
Analyst Insight
An investor should note that a major institutional holder like Vanguard has slightly reduced its position, which could be a minor signal, but it's unlikely to be a strong indicator for immediate action given Vanguard's passive investment style. It's prudent to monitor future filings for more significant changes or other institutional activity.
Key Numbers
- 10,776,346 — Shares Beneficially Owned (Represents the total number of Common Stock shares of Alaska Air Group Inc. held by The Vanguard Group as of December 29, 2023.)
- 8.5% — Percentage of Class (Indicates the proportion of Alaska Air Group Inc.'s Common Stock owned by The Vanguard Group, showing its significant but slightly reduced stake.)
- December 29, 2023 — Event Date (The specific date that triggered the requirement for The Vanguard Group to file this amendment, providing a snapshot of their holdings.)
- 14 — Amendment Number (This is the 14th amendment to Vanguard's Schedule 13G filing for Alaska Air Group Inc., indicating ongoing adjustments to their position.)
Key Players & Entities
- The Vanguard Group (company) — reporting person and institutional investor
- Alaska Air Group Inc (company) — subject company whose securities are being reported
- 10,776,346 shares (dollar_amount) — total number of shares beneficially owned by Vanguard
- 8.5% (dollar_amount) — percentage of class beneficially owned by Vanguard
- December 29, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Vanguard will continue to hold a significant, but potentially fluctuating, stake in Alaska Air Group Inc., reflecting its passive investment strategy. (The Vanguard Group) — high confidence, target: 2025-02-13
- The slight reduction in Vanguard's stake will not significantly impact Alaska Air Group Inc.'s stock price in the short term, given the passive nature of the investment. (Alaska Air Group Inc.) — medium confidence, target: 2024-05-13
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 14) by The Vanguard Group to report its beneficial ownership of Common Stock in Alaska Air Group Inc. as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of Alaska Air Group Inc. Common Stock does The Vanguard Group beneficially own according to this filing?
According to this filing, The Vanguard Group beneficially owns 10,776,346 shares of Alaska Air Group Inc. Common Stock as of December 29, 2023.
What percentage of Alaska Air Group Inc.'s Common Stock does The Vanguard Group own?
The Vanguard Group owns 8.5% of the class of Alaska Air Group Inc.'s Common Stock, as stated in the filing.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-02-13 16:58:48
Filing Documents
- tv0218-alaskaairgroupinc.htm (SC 13G/A) — 11KB
- 0001104659-24-020215.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Alaska Air Group Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 19300 International Boulevard Seattle, WA 98188-5304
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 011659109
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration