Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) saw some unusual options trading activity on Monday. Stock investors acquired 17,026 call options on the company. This is an increase of 213% compared to the typical volume of 5,441 call options.
Hedge Funds Weigh In On Alaska Air Group
A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in shares of Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 385 shares during the period. Lodge Hill Capital LLC increased its holdings in shares of Alaska Air Group by 32.7% in the 1st quarter. Lodge Hill Capital LLC now owns 507,800 shares of the transportation company’s stock valued at $18,677,000 after purchasing an additional 125,000 shares during the period. South Dakota Investment Council increased its holdings in shares of Alaska Air Group by 9.7% in the 1st quarter. South Dakota Investment Council now owns 448,271 shares of the transportation company’s stock valued at $16,487,000 after purchasing an additional 39,708 shares during the period. Amundi acquired a new position in shares of Alaska Air Group in the 1st quarter valued at about $2,205,000. Finally, California State Teachers Retirement System increased its holdings in shares of Alaska Air Group by 38.2% in the 1st quarter. California State Teachers Retirement System now owns 45,088 shares of the transportation company’s stock valued at $1,658,000 after purchasing an additional 12,453 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. UBS Group upped their price target on shares of Alaska Air Group from $54.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. The Goldman Sachs Group cut their price target on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Susquehanna cut their price target on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a report on Friday, June 5th. Finally, Wall Street Zen raised shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $62.00.
Alaska Air Group Trading Up 3.9%
ALK stock traded up $1.86 during mid-day trading on Monday, reaching $49.18. 2,922,193 shares of the stock traded hands, compared to its average volume of 4,071,324. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $65.88. The company has a market cap of $5.48 billion, a P/E ratio of 92.72 and a beta of 1.29. The stock’s fifty day moving average is $41.15 and its 200-day moving average is $45.85.
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the company posted ($0.77) earnings per share. Alaska Air Group’s quarterly revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, sell-side analysts expect that Alaska Air Group will post -1.01 earnings per share for the current year.
About Alaska Air Group
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.
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