Lesa Sroufe & Co Purchases 47,884 Shares of Alaska Air Group, Inc. $ALK

Lesa Sroufe & Co raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 131.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,233 shares of the transportation company’s stock after acquiring an additional 47,884 shares during the period. Alaska Air Group comprises approximately 2.1% of Lesa Sroufe & Co’s holdings, making the stock its 20th largest holding. Lesa Sroufe & Co owned 0.07% of Alaska Air Group worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group in the third quarter valued at $28,000. First Command Advisory Services Inc. lifted its position in Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares during the period. SBI Securities Co. Ltd. lifted its position in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Alaska Air Group during the third quarter worth $90,000. Institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALK. Bank of America increased their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their target price on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen reissued a “buy” rating and issued a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research report on Thursday. Evercore set a $60.00 price target on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.58.

Alaska Air Group Trading Up 0.1%

Shares of Alaska Air Group stock opened at $51.13 on Friday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 96.47 and a beta of 1.28. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a 50-day simple moving average of $44.21 and a 200 day simple moving average of $46.28. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts expect that Alaska Air Group, Inc. will post -0.65 earnings per share for the current fiscal year.

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.