Delta Global Management LP acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,736 shares of the transportation company’s stock, valued at approximately $2,200,000.
Other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group during the fourth quarter worth approximately $26,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alaska Air Group during the third quarter worth approximately $28,000. AlphaQuest LLC bought a new stake in shares of Alaska Air Group during the third quarter worth approximately $34,000. First Command Advisory Services Inc. boosted its holdings in shares of Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after acquiring an additional 485 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Alaska Air Group by 43.2% during the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after acquiring an additional 253 shares during the period. Institutional investors own 81.90% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on ALK shares. Citigroup cut Alaska Air Group from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $51.00 to $32.00 in a report on Friday, May 1st. The Goldman Sachs Group reduced their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Evercore set a $60.00 price target on Alaska Air Group in a research note on Friday, April 17th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Susquehanna cut their price target on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and an average price target of $62.00.
Alaska Air Group Stock Up 3.6%
Shares of ALK opened at $49.01 on Tuesday. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88. The company has a market cap of $5.46 billion, a P/E ratio of 92.47 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $41.38 and a two-hundred day simple moving average of $45.90.
Alaska Air Group (NYSE:ALK – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm earned ($0.77) earnings per share. The firm’s revenue for the quarter 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. Research analysts forecast that Alaska Air Group, Inc. will post -1.01 EPS for the current fiscal year.
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.
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