Cobalt Capital Management Inc. Makes New $13.08 Million Investment in Alaska Air Group, Inc. $ALK

Cobalt Capital Management Inc. bought a new position in Alaska Air Group, Inc. (NYSE:ALK – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 260,000 shares of the transportation company’s stock, valued at approximately $13,078,000. Alaska Air Group accounts for approximately 5.8% of Cobalt Capital Management Inc.’s portfolio, making the stock its 6th largest position. Cobalt Capital Management Inc. owned about 0.22% of Alaska Air Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALK. Atlas Capital Advisors Inc. purchased a new stake in shares of Alaska Air Group during the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alaska Air Group during the 3rd quarter valued at $28,000. First Command Advisory Services Inc. grew its stake in shares of Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after buying an additional 485 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Alaska Air Group by 43.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after buying an additional 253 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of Alaska Air Group by 30.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

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Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $48.20 on Thursday. The firm has a market cap of $5.37 billion, a PE ratio of 90.95 and a beta of 1.29. The firm’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $45.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88.

Alaska Air Group (NYSE:ALK – Get Free Report) last announced its quarterly earnings data 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 net margin of 0.51% and a return on equity of 4.96%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the company earned ($0.77) EPS. Alaska Air Group’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 forecast that Alaska Air Group, Inc. will post -1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on ALK shares. Evercore set a $60.00 target price on shares of Alaska Air Group in a report on Friday, April 17th. Susquehanna reduced their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Citigroup lowered shares of Alaska Air Group from a “buy” rating to a “sell” rating and reduced their target price for the company from $51.00 to $32.00 in a report on Friday, May 1st. Finally, BMO Capital Markets lifted their target price on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.00.

View Our Latest Stock Report on ALK

About Alaska Air Group

(Free Report)

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.

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