Lesa Sroufe & Co Acquires 47,884 Shares of Alaska Air Group, Inc. $ALK

Lesa Sroufe & Co grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 131.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,233 shares of the transportation company’s stock after buying an additional 47,884 shares during the quarter. Alaska Air Group makes up 2.1% of Lesa Sroufe & Co’s portfolio, making the stock its 20th largest position. Lesa Sroufe & Co’s holdings in Alaska Air Group were worth $3,098,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after acquiring an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alaska Air Group by 81.7% in 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 acquiring an additional 152,953 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Alaska Air Group during the first quarter worth approximately $1,318,000. Finally, Invesco Ltd. lifted its position in shares of Alaska Air Group by 2.7% during the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after purchasing an additional 9,307 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Up 0.1%

Shares of NYSE ALK opened at $51.13 on Friday. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The firm’s 50-day moving average is $44.21 and its 200-day moving average is $46.28. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $5.70 billion, a PE ratio of 96.47 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the firm earned ($0.77) earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts expect that Alaska Air Group, Inc. will post -0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reissued a “sell” rating and issued a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a report on Friday, June 26th. TD Cowen reaffirmed a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a report on Thursday. Susquehanna decreased their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Evercore set a $60.00 target price on Alaska Air Group in a research note on Friday, April 17th. Finally, Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.58.

About Alaska Air Group

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.