Caption Management LLC Purchases Shares of 18,125 Alaska Air Group, Inc. $ALK

Key Points

• Caption Management LLC acquired a new stake in Alaska Air Group, purchasing 18,125 shares valued at approximately $892,000 during the first quarter.
• Insider selling occurred recently, with CFO Shane R. Tackett and SVP Kyle B. Levine selling shares, reducing their ownership by 10.34% and 22.04%, respectively.
• Alaska Air Group reported a quarterly earnings per share of $1.78, exceeding analyst estimates, alongside a 27.9% year-over-year revenue increase.

Caption Management LLC bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 18,125 shares of the transportation company's stock, valued at approximately $892,000.

Several other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group boosted its position in shares of Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after purchasing an additional 184 shares in the last quarter. US Bancorp DE raised its stake in shares of Alaska Air Group by 1.0% during the 1st quarter. US Bancorp DE now owns 21,982 shares of the transportation company's stock worth $1,082,000 after buying an additional 210 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Alaska Air Group by 3.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company's stock worth $385,000 after buying an additional 256 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Alaska Air Group by 0.8% during the 1st quarter. Meeder Asset Management Inc. now owns 43,865 shares of the transportation company's stock worth $2,159,000 after buying an additional 339 shares during the last quarter. Finally, Perkins Coie Trust Co raised its stake in shares of Alaska Air Group by 125.7% during the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after buying an additional 377 shares during the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance

ALK stock traded down $0.03 during trading on Wednesday, hitting $62.56. The stock had a trading volume of 1,953,792 shares, compared to its average volume of 1,993,654. The company's 50 day moving average price is $54.50 and its two-hundred day moving average price is $53.30. Alaska Air Group, Inc. has a 1-year low of $35.77 and a 1-year high of $78.08. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 0.61 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.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.22. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $2.55 EPS. The firm's revenue for the quarter was up 27.9% on a year-over-year basis. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group lifted their price target on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Raymond James Financial raised 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 note on Monday, August 25th. Barclays lifted their price target on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Susquehanna lifted their price target on 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

Insider Activity

In related news, CFO Shane R. Tackett sold 5,000 shares of the business's 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 transaction, the chief financial officer owned 43,335 shares of the company's stock, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president owned 18,930 shares of the company's stock, valued at $1,007,454.60. This trade represents a 28.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,460 shares of company stock worth $1,182,553. Company insiders own 0.92% of the company's stock.

Alaska Air Group Company 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.