Lodge Hill Capital LLC Acquires New Shares in Alaska Air Group, Inc. $ALK

Key Points

• Lodge Hill Capital LLC acquired 304,880 shares of Alaska Air Group, Inc., representing about $15 million and making it the firm's 17th largest holding.
• Analysts have raised target prices for Alaska Air Group, with Barclays setting a new target at $60, indicating a positive outlook and leading to a consensus rating of "Moderate Buy."
• Alaska Air Group reported earnings per share (EPS) of $1.78 for the last quarter, exceeding expectations, and has a revenue forecast of $3.70 billion, showing significant growth year-over-year.

Lodge Hill Capital LLC bought a new position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 304,880 shares of the transportation company's stock, valued at approximately $15,006,000. Alaska Air Group accounts for approximately 3.5% of Lodge Hill Capital LLC's investment portfolio, making the stock its 17th biggest holding. Lodge Hill Capital LLC owned approximately 0.25% of Alaska Air Group as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in ALK. New Mexico Educational Retirement Board purchased a new stake in shares of Alaska Air Group in the first quarter worth about $1,235,000. Cambridge Investment Research Advisors Inc. lifted its stake in Alaska Air Group by 416.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,499 shares of the transportation company's stock worth $1,501,000 after purchasing an additional 24,592 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Alaska Air Group by 2.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,160 shares of the transportation company's stock valued at $1,238,000 after purchasing an additional 713 shares during the period. KBC Group NV purchased a new position in shares of Alaska Air Group during the 1st quarter valued at $76,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alaska Air Group by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 971,938 shares of the transportation company's stock worth $47,839,000 after purchasing an additional 79,099 shares during the period. Hedge funds and other institutional investors own 81.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their target price 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. UBS Group raised their target price on shares of Alaska Air Group from $49.00 to $56.00 and gave the company 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. Finally, Susquehanna increased their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Alaska Air Group has an average rating of "Moderate Buy" and an average target price of $68.00.

Alaska Air Group Price Performance

ALK stock opened at $61.73 on Thursday. The firm has a market cap of $7.12 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.59 and a beta of 1.45. The firm's fifty day moving average is $53.01 and its 200 day moving average is $53.68. Alaska Air Group, Inc. has a 52 week low of $35.39 and a 52 week high of $78.08. 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 quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.22. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $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. Research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Kyle B. Levine sold 5,914 shares of the firm'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 transaction, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shane R. Tackett sold 5,000 shares of Alaska Air Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $57.06, for a total transaction 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. The trade was a 10.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,460 shares of company stock valued at $1,182,553 in the last 90 days. 1.00% of the stock is owned by insiders.

Alaska Air Group 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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