Lecap Asset Management Ltd. Sells 6,329 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Lecap Asset Management Ltd. has reduced its stake in Alaska Air Group, Inc. by 40.3%, selling 6,329 shares, and now holds 9,365 shares valued at approximately $463,000.
• Several other institutional investors have increased their positions, with UMB Bank n.a. boosting its stake by 459.1% and several new investments made during the first quarter of the year.
• Alaska Air Group's stock performance shows a recent earnings report exceeding expectations, with an EPS of $1.78, and a revenue increase of 27.9% compared to the previous year.

Lecap Asset Management Ltd. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 40.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,365 shares of the transportation company's stock after selling 6,329 shares during the period. Lecap Asset Management Ltd.'s holdings in Alaska Air Group were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Brooklyn Investment Group boosted its position in shares of Alaska Air Group by 41.1% during the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after buying an additional 184 shares during the period. Perkins Coie Trust Co boosted its position in shares of Alaska Air Group by 125.7% during the first 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 period. UMB Bank n.a. boosted its position in shares of Alaska Air Group by 459.1% during the first 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 period. Headlands Technologies LLC purchased a new position in shares of Alaska Air Group during the first quarter valued at approximately $71,000. Finally, KBC Group NV purchased a new position in shares of Alaska Air Group during the first quarter valued at approximately $76,000. Institutional investors own 81.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALK. Weiss Ratings restated a "hold (c)" rating on shares of Alaska Air Group in a research report on Saturday, September 27th. Raymond James Financial set a $68.00 target price on Alaska Air Group and gave the company an "outperform" rating in a research report on Wednesday. UBS Group raised shares of Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $56.00 to $90.00 in a research note on Friday, September 12th. Barclays lifted their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Susquehanna set a $58.00 price target on shares of Alaska Air Group and gave the company a "positive" rating in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.62.

Insider Buying and Selling

In related news, SVP Kyle B. Levine sold 5,914 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president owned 20,917 shares of the company's stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 7,600 shares of the business'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 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. This trade represents a 28.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $49.09 on Friday. The company has a 50 day moving average price of $56.69 and a 200-day moving average price of $51.99. 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 fifty-two week low of $39.79 and a fifty-two week high of $78.08. The company has a market capitalization of $5.66 billion, a PE ratio of 19.96, a P/E/G ratio of 0.55 and a beta of 1.40.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. Alaska Air Group's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 earnings per share. 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, equities analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share 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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