Alaska Air Group, Inc. $ALK is Lodge Hill Capital LLC’s 6th Largest Position

Lodge Hill Capital LLC boosted its position in Alaska Air Group, Inc. (NYSE:ALK) by 45.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,800 shares of the transportation company’s stock after buying an additional 225,000 shares during the quarter. Alaska Air Group accounts for approximately 6.4% of Lodge Hill Capital LLC’s holdings, making the stock its 6th biggest holding. Lodge Hill Capital LLC owned about 0.62% of Alaska Air Group worth $35,732,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ALK. MAI Capital Management lifted its position in shares of Alaska Air Group by 80.5% in the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC acquired a new stake in Alaska Air Group in the third quarter worth about $34,000. Smartleaf Asset Management LLC raised its holdings in Alaska Air Group by 43.2% during the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares in the last quarter. Country Trust Bank acquired a new stake in Alaska Air Group in the third quarter worth approximately $45,000. Finally, Rexford Capital Inc. bought a new position in Alaska Air Group during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling at Alaska Air Group

In related news, CFO Shane R. Tackett sold 10,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 33,530 shares in the company, valued at approximately $1,844,150. This represents a 22.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president owned 20,977 shares in the company, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALK. Bank of America raised their target price on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating and issued a $69.00 price target (up previously from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Raymond James Financial reissued an “outperform” rating and set a $71.00 price objective on shares of Alaska Air Group in a research note on Friday, December 19th. Wall Street Zen raised Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Barclays restated an “overweight” rating and set a $70.00 price objective (up previously from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Stock Down 3.3%

Shares of Alaska Air Group stock opened at $55.61 on Friday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 63.92, a P/E/G ratio of 0.52 and a beta of 1.21. The stock has a 50-day simple moving average of $51.69 and a 200-day simple moving average of $51.05. Alaska Air Group, Inc. has a 52-week low of $37.63 and a 52-week high of $78.08. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post 6.03 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.