Alaska Air Group, Inc. $ALK Shares Sold by Paradoxiom Capital L.P.

Key Points

• Paradoxiom Capital L.P. sold 77,043 shares of Alaska Air Group, reducing its stake by 50.6% during the 1st quarter, while still maintaining approximately 2.4% of its holdings in the company.
• Various institutional investors have made significant changes to their positions in Alaska Air Group, with Point72 Asset Management increasing its holdings by 134% in the last quarter, now owning over 2.1 million shares.
• Alaska Air Group reported $1.78 earnings per share for the last quarter, exceeding analysts' expectations, and experienced a remarkable 27.9% increase in revenue compared to the same quarter last year.

Paradoxiom Capital L.P. lowered its stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 50.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,189 shares of the transportation company's stock after selling 77,043 shares during the quarter. Alaska Air Group comprises 2.4% of Paradoxiom Capital L.P.'s holdings, making the stock its 23rd largest holding. Paradoxiom Capital L.P. owned 0.06% of Alaska Air Group worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Alaska Air Group during the 4th quarter valued at $38,000. Brooklyn Investment Group boosted its holdings in shares of Alaska Air Group by 41.1% in 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 last quarter. Perkins Coie Trust Co lifted its position in 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 purchasing an additional 377 shares during the period. UMB Bank n.a. grew its position 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 purchasing an additional 1,065 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Alaska Air Group in the 1st quarter valued at about $71,000. Institutional investors own 81.90% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ALK. UBS Group upped their price target on Alaska Air Group from $49.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Barclays raised their target price on Alaska Air Group from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Raymond James Financial upgraded shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a research report on Monday, August 25th. Finally, Susquehanna upped their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research note on Tuesday, August 5th. Twelve investment 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, the company presently has an average rating of "Moderate Buy" and an average target price of $68.00.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 7,600 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at $1,007,454.60. This represents a 28.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kyle B. Levine sold 5,914 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president owned 20,917 shares in the company, valued at $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 in the last three months. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Trading Up 1.9%

Shares of ALK traded up $1.16 during trading on Thursday, reaching $63.81. 3,683,537 shares of the company traded hands, compared to its average volume of 3,095,783. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The stock has a market cap of $7.36 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.45. Alaska Air Group, Inc. has a twelve month low of $38.97 and a twelve month high of $78.08. The stock has a 50-day simple moving average of $55.81 and a 200-day simple moving average of $52.90.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates 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 prior year, the business 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, analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

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.