Hawk Ridge Capital Management LP Takes Position in Alaska Air Group, Inc. $ALK

Key Points

• Hawk Ridge Capital Management LP acquired 57,600 shares of Alaska Air Group, Inc. for approximately $2.83 million during the first quarter, indicating growing interest in the company's stock.
• Alaska Air Group reported an earnings per share (EPS) of $1.78 for the last quarter, exceeding expectations and representing a 27.9% year-over-year revenue increase.
• Analysts have raised price targets for Alaska Air Group shares, with recommendations varying from "neutral" to "overweight," indicating a positive outlook on the stock's performance.

Hawk Ridge Capital Management LP bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 57,600 shares of the transportation company's stock, valued at approximately $2,835,000.

Several other institutional investors also recently bought and sold shares of ALK. American Century Companies Inc. grew its stake in shares of Alaska Air Group by 1.5% in the 1st quarter. American Century Companies Inc. now owns 3,224,165 shares of the transportation company's stock worth $158,693,000 after buying an additional 47,184 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Alaska Air Group by 134.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after buying an additional 1,222,277 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Alaska Air Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,910,364 shares of the transportation company's stock worth $94,028,000 after buying an additional 321,505 shares in the last quarter. Northern Trust Corp grew its stake in shares of Alaska Air Group by 36.7% in the 1st quarter. Northern Trust Corp now owns 1,062,712 shares of the transportation company's stock worth $52,307,000 after buying an additional 285,382 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its stake in shares of Alaska Air Group by 22.1% in the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock worth $63,064,000 after buying an additional 176,576 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.75, for a total value of $341,533.50. Following the completion of the sale, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. The trade was a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $285,300.00. Following the completion of the sale, the chief financial officer owned 43,335 shares of the company's stock, valued at approximately $2,472,695.10. This represents a 10.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,514 shares of company stock valued at $1,031,306 in the last three months. Company insiders own 1.00% of the company's stock.

Alaska Air Group Trading Up 0.4%

Alaska Air Group stock traded up $0.28 during trading hours on Friday, hitting $63.09. The company had a trading volume of 2,815,716 shares, compared to its average volume of 2,123,331. The firm has a market cap of $7.27 billion, a P/E ratio of 25.64, a P/E/G 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, Inc. has a 1 year low of $37.00 and a 1 year high of $78.08. The company has a 50-day moving average price of $55.05 and a two-hundred day moving average price of $52.96.

Alaska Air Group (NYSE:ALK - Get Free Report) last released 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm's quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALK has been the subject of several analyst reports. Barclays raised their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group lifted their price target on shares of 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 shares of 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. Finally, Susquehanna lifted their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.