ARGA Investment Management LP Sells 848,036 Shares of Alaska Air Group, Inc. $ALK

ARGA Investment Management LP decreased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 77.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,154 shares of the transportation company’s stock after selling 848,036 shares during the quarter. ARGA Investment Management LP owned about 0.22% of Alaska Air Group worth $12,502,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ALK. Ellis Investment Partners LLC grew its stake in shares of Alaska Air Group by 0.5% during the third quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock valued at $2,035,000 after buying an additional 212 shares during the last quarter. Signaturefd LLC grew its holdings in Alaska Air Group by 7.8% in the second quarter. Signaturefd LLC now owns 3,113 shares of the transportation company’s stock worth $154,000 after purchasing an additional 225 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Alaska Air Group by 3.3% during the second quarter. Concurrent Investment Advisors LLC now owns 7,237 shares of the transportation company’s stock valued at $358,000 after acquiring an additional 232 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Alaska Air Group by 19.9% in the third quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock worth $70,000 after buying an additional 232 shares during the last quarter. Finally, Lesa Sroufe & Co lifted its position in Alaska Air Group by 0.7% during the 3rd quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock worth $1,821,000 after acquiring an additional 242 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Up 4.1%

Alaska Air Group stock opened at $50.88 on Friday. The stock’s fifty day moving average is $47.94 and its two-hundred day moving average is $50.79. The stock has a market cap of $5.90 billion, a PE ratio of 58.48, a P/E/G ratio of 0.50 and a beta of 1.22. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $78.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.49.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating 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 7.26%. The company 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 firm posted $0.97 earnings per share. The firm’s revenue 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, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ALK shares. Susquehanna increased their price objective on shares of Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Citigroup reissued a “buy” rating and set a $69.00 target price (up previously from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Cantor Fitzgerald set a $65.00 price objective on shares of Alaska Air Group in a research note on Monday, November 3rd. Finally, Barclays reaffirmed an “overweight” rating and issued a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Alaska Air Group News Summary

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Q4 adjusted EPS beat expectations (adjusted $0.43 vs. consensus $0.11), providing an upside surprise that likely supported the rally. Alaska Air Group reports fourth quarter and full year 2025 results
• Positive Sentiment: Management issued FY2026 EPS guidance of $3.50–$6.50 and said momentum is accelerating (integration with Hawaiian Airlines cited), which gives investors a multi‑quarter thesis for earnings improvement. Alaska Air Group reports fourth quarter and full year 2025 results
• Positive Sentiment: Company and analysts are pointing to a pickup in bookings late in Q4 and management expects a “meaningful” improvement in 2026 EPS, reinforcing forward optimism. Alaska Air expects ‘meaningful’ improvement in 2026 EPS
• Neutral Sentiment: Revenue grew modestly (about 2.8% y/y to $3.63B) but came in roughly flat to slightly below some estimates — a mixed top‑line print that tempers the EPS beat. Earnings snapshot / conference call
• Negative Sentiment: Near‑term guidance disappointed: Q1 2026 EPS was guided to -$1.50 to -$0.50 (worse than consensus), which is a short‑term drag and heightens execution risk. Alaska Air Group reports fourth quarter and full year 2025 results
• Negative Sentiment: CEO flagged operational risks from a major winter storm that could disrupt flights and add costs — a near‑term catalyst for volatility in revenue and margins. Alaska Airlines CEO on potential impact to flights from massive winter storm
• Negative Sentiment: Management warned of fuel/refinery risks in California that could increase costs or constrain operations, a material input‑cost risk for airlines. Alaska Airlines CEO: California refineries are a big risk for us going forward
• Negative Sentiment: Detailed quarter metrics show steep year‑over‑year declines in profitability and cash balances, higher cost of sales and rising capex/liabilities — longer‑term fundamentals that could limit upside until margins recover. Q4 results: modest revenue growth, EPS beats but profitability slumps

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.