84,248 Shares in Alaska Air Group, Inc. $ALK Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,248 shares of the transportation company’s stock, valued at approximately $4,194,000. Lighthouse Investment Partners LLC owned approximately 0.07% of Alaska Air Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after purchasing an additional 152,953 shares during the last quarter. Intech Investment Management LLC acquired a new position in Alaska Air Group in the first quarter worth about $1,318,000. Finally, Savant Capital LLC grew its stake in Alaska Air Group by 15.8% in the second quarter. Savant Capital LLC now owns 9,248 shares of the transportation company’s stock worth $458,000 after purchasing an additional 1,265 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALK. Weiss Ratings upgraded Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Susquehanna lifted their target price on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, January 9th. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 price target on shares of Alaska Air Group in a report on Friday, December 19th. TD Cowen dropped their price target on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Finally, Citigroup restated a “buy” rating and set a $69.00 price objective (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.80.

Alaska Air Group Price Performance

ALK opened at $38.52 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $50.56 and its 200 day moving average price is $49.86. Alaska Air Group, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $65.88. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.Alaska Air Group’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. As a group, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,500 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total value of $311,465.00. Following the sale, the executive vice president directly owned 30,828 shares of the company’s stock, valued at $1,745,789.64. This trade represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane R. Tackett sold 24,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 56,945 shares of company stock valued at $3,204,569. Insiders own 0.92% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.