Lombard Odier Asset Management USA Corp Buys New Holdings in Alaska Air Group, Inc. $ALK

Lombard Odier Asset Management USA Corp purchased a new position in Alaska Air Group, Inc. (NYSE:ALK) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,060 shares of the transportation company’s stock, valued at approximately $1,247,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Alaska Air Group by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock valued at $312,280,000 after acquiring an additional 56,225 shares during the period. American Century Companies Inc. increased its stake in shares of Alaska Air Group by 1.3% in the second quarter. American Century Companies Inc. now owns 3,266,619 shares of the transportation company’s stock worth $161,632,000 after acquiring an additional 42,454 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Alaska Air Group by 18.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company’s stock worth $118,203,000 after purchasing an additional 368,511 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alaska Air Group by 3.6% during the second quarter. Geode Capital Management LLC now owns 2,215,697 shares of the transportation company’s stock worth $109,657,000 after purchasing an additional 77,531 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Alaska Air Group by 10.1% during the second quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock valued at $71,809,000 after purchasing an additional 134,141 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALK shares. Weiss Ratings raised shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. UBS Group decreased their price objective on Alaska Air Group from $77.00 to $60.00 and set a “buy” rating for the company in a report on Monday. Susquehanna raised their target price on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. Wall Street Zen upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Cantor Fitzgerald set a $63.00 price target on Alaska Air Group in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.80.

Alaska Air Group Stock Up 1.4%

ALK opened at $38.52 on Tuesday. The company has a fifty day moving average of $50.56 and a two-hundred day moving average of $49.86. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 0.37 and a beta of 1.16. Alaska Air Group, Inc. has a fifty-two week low of $37.40 and a fifty-two week high of $65.88. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. 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. On average, research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total transaction of $176,758.90. Following the transaction, the executive vice president owned 20,977 shares in the company, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the sale, the executive vice president directly owned 20,195 shares in the company, valued at approximately $1,106,887.95. The trade was a 41.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 56,945 shares of company stock worth $3,204,569. 0.92% of the stock is owned by corporate insiders.

Alaska Air Group 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.