Caxton Associates LLP Buys New Position in Alaska Air Group, Inc. $ALK

Key Points

• Caxton Associates LLP has acquired a new stake in Alaska Air Group, purchasing 44,360 shares valued at approximately $2,183,000 in the first quarter.
• Insider selling has been notable, with EVP Andrew R. Harrison and SVP Kyle B. Levine selling shares, leading to decreases in their respective ownership stakes.
• Recent analyst reports have boosted price targets for Alaska Air Group, with UBS raising their target from $49.00 to $56.00 and Raymond James setting a new target of $70.00.

Caxton Associates LLP acquired a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 44,360 shares of the transportation company's stock, valued at approximately $2,183,000.

Other institutional investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new stake in Alaska Air Group in the fourth quarter worth about $38,000. Brooklyn Investment Group grew its stake 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 valued at $31,000 after acquiring an additional 184 shares during the period. Perkins Coie Trust Co increased its holdings in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock worth $33,000 after acquiring an additional 377 shares in the last quarter. UMB Bank n.a. raised its stake in Alaska Air Group by 459.1% during the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock worth $64,000 after acquiring an additional 1,065 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Alaska Air Group during the first quarter valued at approximately $71,000. 81.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction on Monday, July 28th. The shares were sold at an average price of $53.22, for a total transaction of $404,472.00. Following the completion of the transaction, the executive vice president directly owned 18,930 shares of the company's stock, valued at $1,007,454.60. The trade was a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following 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 a total of 18,514 shares of company stock worth $1,031,306 over the last three months. 0.92% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ALK has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a research report 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 on the stock in a report on Monday, August 25th. Barclays boosted their price target on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Susquehanna raised their price target on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.00.

Alaska Air Group Trading Up 0.9%

ALK opened at $63.70 on Tuesday. The stock has a 50-day moving average of $55.33 and a 200 day moving average of $52.76. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group, Inc. has a 12 month low of $37.84 and a 12 month high of $78.08. The firm has a market cap of $7.34 billion, a P/E ratio of 25.89, a P/E/G ratio of 0.69 and a beta of 1.45.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the company 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. As a group, research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

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.

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