Graham Capital Management L.P. Takes Position in Alaska Air Group, Inc. $ALK

Key Points

• Graham Capital Management has acquired a new stake in Alaska Air Group, purchasing 43,593 shares valued at approximately $2.1 million, highlighting growing institutional interest in the company.
• Analysts have recently increased their target prices for Alaska Air Group, with Susquehanna raising its price target from $50 to $60, suggesting a positive outlook for the stock.
• Alaska Air Group reported strong earnings, surpassing expectations with $1.78 earnings per share and a revenue of $3.70 billion for the quarter, marking a 27.9% year-over-year increase.

Graham Capital Management L.P. acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 43,593 shares of the transportation company's stock, valued at approximately $2,146,000.

Several other hedge funds also recently modified their holdings of ALK. Wood Tarver Financial Group LLC bought a new stake in shares of Alaska Air Group during the fourth quarter worth about $38,000. Brooklyn Investment Group grew its holdings in Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after buying an additional 184 shares in the last quarter. Perkins Coie Trust Co raised its position 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 valued at $33,000 after buying an additional 377 shares during the last quarter. UMB Bank n.a. raised its position in Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after buying an additional 1,065 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Alaska Air Group during the 1st quarter worth $71,000. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Price Performance

Shares of NYSE:ALK traded up $0.28 on Friday, hitting $63.09. The company's stock had a trading volume of 2,815,716 shares, compared to its average volume of 2,169,927. Alaska Air Group, Inc. has a 1 year low of $37.00 and a 1 year high of $78.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $7.27 billion, a PE ratio of 25.64, a PEG ratio of 0.69 and a beta of 1.45. The company has a 50-day simple moving average of $55.05 and a 200 day simple moving average of $52.80.

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 for the quarter, topping 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 company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Alaska Air Group's revenue for the quarter was up 27.9% compared to the same quarter last year. 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 forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In other news, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was 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 directly owned 18,930 shares of the company's stock, valued at approximately $1,007,454.60. This represents a 28.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,514 shares of company stock worth $1,031,306. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.