Vanguard Trims Alaska Air Stake to 8.5% as of Dec 29, 2023

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

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.

From the Filing

0001104659-24-020215.txt : 20240213 0001104659-24-020215.hdr.sgml : 20240213 20240213165848 ACCESSION NUMBER: 0001104659-24-020215 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24627322 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0218-alaskaairgroupinc.htm SCHEDULE 13G/A alaskaairgroupinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 14)* Name of issuer:  Alaska Air Group Inc Title of Class of Securities:  Common Stock CUSIP Number:  011659109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 the disclosures provided in a prior cover page. The information required in 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). (Continued on the following page(s))     13G CUSIP No.:  011659109 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 66,705 7.  SOLE DISPOSITIVE POWER 13,816,111 8.  SHARED DISPOSITIVE POWER 138,298 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,954,409 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.90% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Alaska Air Group Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 19300 International Boulevard Seattle, WA 98188-5304 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: P