Lecap Asset Management Ltd. Cuts Stake in Alaska Air Group, Inc. $ALK

Lecap Asset Management Ltd. reduced its position in Alaska Air Group, Inc. (NYSE:ALK) by 40.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,365 shares of the transportation company’s stock after selling 6,329 shares during the period. Lecap Asset Management Ltd.’s holdings in Alaska Air Group were worth $463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Pacific Financial grew its holdings in Alaska Air Group by 5,268.0% in the second quarter. First Pacific Financial now owns 10,736 shares of the transportation company’s stock worth $531,000 after purchasing an additional 10,536 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Alaska Air Group by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 20,770 shares of the transportation company’s stock worth $1,028,000 after purchasing an additional 316 shares during the last quarter. Signaturefd LLC grew its holdings in Alaska Air Group by 7.8% in the second quarter. Signaturefd LLC now owns 3,113 shares of the transportation company’s stock worth $154,000 after purchasing an additional 225 shares during the last quarter. Revisor Wealth Management LLC purchased a new position in Alaska Air Group in the second quarter worth $221,000. Finally, Harbour Capital Advisors LLC purchased a new position in Alaska Air Group in the second quarter worth $320,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALK. Barclays upped their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. UBS Group raised Alaska Air Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $56.00 to $90.00 in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Alaska Air Group in a research report on Saturday, September 27th. Evercore ISI lowered their price target on shares of Alaska Air Group from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, September 16th. Finally, Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the company a “positive” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.62.

Alaska Air Group Stock Up 0.2%

ALK opened at $49.09 on Friday. Alaska Air Group, Inc. has a twelve month low of $39.79 and a twelve month high of $78.08. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $56.69 and a 200 day moving average price of $51.99. The company has a market cap of $5.66 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.40.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.22. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. Alaska Air Group’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the sale, the senior vice president owned 20,917 shares of the company’s stock, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,514 shares of company stock worth $1,031,306. Insiders own 1.00% of the company’s stock.

Alaska Air Group Profile

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.