Capstone Investment Advisors LLC Purchases New Shares in Alaska Air Group, Inc. $ALK

Posted by Brenda Bartman on Aug 28th, 2026

Capstone Investment Advisors LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,050 shares of the transportation company’s stock, valued at approximately $994,000.

Several other hedge funds have also recently modified their holdings of ALK. SBI Securities Co. Ltd. lifted its stake in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after acquiring an additional 212 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Alaska Air Group by 1.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after purchasing an additional 249 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of Alaska Air Group by 2.0% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock worth $737,000 after buying an additional 281 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Alaska Air Group by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock valued at $864,000 after purchasing an additional 300 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Alaska Air Group by 0.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after acquiring an additional 313 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Benito Minicucci acquired 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen restated a “buy” rating and set a $46.00 target price (down from $59.00) on shares of Alaska Air Group in a research report on Monday. UBS Group reiterated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Finally, Raymond James Financial restated an “outperform” rating and issued a $52.00 price target (down from $60.00) on shares of Alaska Air Group in a report on Monday. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.88.

View Our Latest Analysis on Alaska Air Group

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $42.22 on Friday. The firm has a market capitalization of $4.70 billion, a PE ratio of -26.89 and a beta of 1.29. The business’s fifty day moving average price is $47.58 and its two-hundred day moving average price is $44.97. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. Alaska Air Group’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post -1.76 EPS for the current year.

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.