Victory Capital Amends Alaska Air Group Stake Filing

Ticker: ALK · Form: SC 13G/A · Filed: 2024-02-06T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Victory Capital still owns Alaska Air stock, signaling institutional confidence.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of Alaska Air Group Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, though passive, stake in the airline. This matters to investors because it confirms a major institutional investor maintains confidence in Alaska Air Group, potentially signaling stability or long-term value, even if their exact share count isn't detailed in this snippet.

Why It Matters

This filing shows a major institutional investor, Victory Capital Management Inc., continues to hold a significant position in Alaska Air Group, which can be a vote of confidence for other investors.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate financial risk or major change in company operations.

Analyst Insight

Investors should note that a major institutional investor is maintaining its position, suggesting a stable long-term outlook from their perspective, but this filing alone doesn't provide new catalysts for immediate action.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No. 1)*'.

Who is the reporting person in this filing?

The reporting person is Victory Capital Management Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY CAPITAL MANAGEMENT INC' and '1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Victory Capital Management Inc.'.

What is the subject company whose shares are being reported?

The subject company is ALASKA AIR GROUP, INC., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA AIR GROUP, INC.' and 'Alaska Air Group Inc. (Name of Issuer)'.

What was the 'Date of Event which Requires Filing of this Statement'?

The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'x' next to 'Rule 13d-1(b)' in the filing.

From the Filing

0001040188-24-000005.txt : 20240206 0001040188-24-000005.hdr.sgml : 20240206 20240206100649 ACCESSION NUMBER: 0001040188-24-000005 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA AIR GROUP, INC. CENTRAL INDEX KEY: 0000766421 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 911292054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36542 FILM NUMBER: 24598570 BUSINESS ADDRESS: STREET 1: 19300 INTERNATIONAL BOULEVARD CITY: SEATTLE STATE: WA ZIP: 98188 BUSINESS PHONE: 206-392-5040 MAIL ADDRESS: STREET 1: 19300 INTERNATIONAL BOULEVARD CITY: SEATTLE STATE: WA ZIP: 98188 FORMER COMPANY: FORMER CONFORMED NAME: ALASKA AIR GROUP INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001040188 ORGANIZATION NAME: IRS NUMBER: 132700161 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 15935 LA CANTERA PARKWAY CITY: SAN ANTONIO STATE: TX ZIP: 78256 BUSINESS PHONE: 2168982400 MAIL ADDRESS: STREET 1: 15935 LA CANTERA PARKWAY CITY: SAN ANTONIO STATE: TX ZIP: 78256 FORMER COMPANY: FORMER CONFORMED NAME: KEY ASSET MANAGEMENT INC/OH DATE OF NAME CHANGE: 19990325 SC 13G/A 1 alaskaair13ga1_123123.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Alaska Air Group Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 011659109 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) ¨ Rule 13d-1(c) ¨ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 011659109 13G Page 2 of 4 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Victory Capital Management Inc. 13-2700161 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 7,307,110 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 7,441,510 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,441,510 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ 11. PERCENT OF CLASS REPRSENTED BY AMOUNT IN ROW (9) 5.90% 12. TYPE OF REPORTING PERSON (see instructions) IA CUSIP No. 011659109 13G Page 3 of 4 Pages Item 1. (a) Name of Issuer Alaska Air Group Inc. (b) Address of Issuer’s Principal Executive Offices 19300 International Blvd. Seatac, WA 98188 Item 2. (a) Name of Persons Filing Victory Capital Management Inc. (b) Address of the Principal Office or, if none, residence 4900 Tiedeman Rd. 4 th Floor Brooklyn, OH 44144 (c) Citizenship New York (d) Title of Class of Securities Common Stock (e) CUSIP Number 011659109 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filin

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