Lodge Hill Capital LLC Purchases New Position in Alaska Air Group, Inc. $ALK

Lodge Hill Capital LLC acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) during the first quarter, HoldingsChannel reports. The institutional investor acquired 304,880 shares of the transportation company’s stock, valued at approximately $15,006,000. Alaska Air Group makes up about 3.5% of Lodge Hill Capital LLC’s holdings, making the stock its 17th biggest position.

Several other large investors have also added to or reduced their stakes in the stock. Quadcap Wealth Management LLC lifted its position in shares of Alaska Air Group by 19.4% in the 1st quarter. Quadcap Wealth Management LLC now owns 6,518 shares of the transportation company’s stock worth $321,000 after purchasing an additional 1,058 shares during the period. Redwood Investment Management LLC bought a new stake in Alaska Air Group during the 1st quarter valued at approximately $1,315,000. Rafferty Asset Management LLC boosted its position in Alaska Air Group by 17.4% during the 1st quarter. Rafferty Asset Management LLC now owns 5,248 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 778 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Alaska Air Group during the 1st quarter worth approximately $4,679,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Alaska Air Group in the 1st quarter worth approximately $2,493,000. Institutional investors own 81.90% of the company’s stock.

Insider Activity at Alaska Air Group

In related news, CFO Shane R. Tackett sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total transaction of $285,300.00. Following the completion of the sale, the chief financial officer owned 43,335 shares in the company, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 20,917 shares in the company, 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 sold 21,460 shares of company stock valued at $1,182,553 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the topic of several research reports. UBS Group lifted their price target on Alaska Air Group from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Monday. Finally, Susquehanna boosted their price objective 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. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Alaska Air Group Trading Up 2.3%

Shares of NYSE ALK opened at $61.73 on Thursday. The company has a market cap of $7.12 billion, a PE ratio of 25.09, a P/E/G ratio of 0.59 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.52. The firm’s 50 day moving average price is $53.01 and its 200-day moving average price is $53.68. Alaska Air Group, Inc. has a 52-week low of $35.39 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.55 EPS. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

About Alaska Air Group

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.