Diamond Hill Capital Management Inc. Has $12.69 Million Position in Alaska Air Group, Inc. $ALK

Diamond Hill Capital Management Inc. trimmed its position in Alaska Air Group, Inc. (NYSE:ALK) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,840 shares of the transportation company’s stock after selling 54,959 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.22% of Alaska Air Group worth $12,686,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Empowered Funds LLC boosted its holdings in Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Alaska Air Group by 81.7% during the 1st 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 purchasing an additional 152,953 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Alaska Air Group during the 1st quarter worth approximately $1,318,000. Finally, US Bancorp DE increased its holdings in shares of Alaska Air Group by 3.1% during the second quarter. US Bancorp DE now owns 22,654 shares of the transportation company’s stock worth $1,121,000 after purchasing an additional 672 shares during the period. Institutional investors own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALK has been the subject of several recent research reports. Barclays reiterated an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. TD Cowen reduced their target price on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Alaska Air Group in a research report on Monday, December 29th. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Citigroup reiterated a “buy” rating and set a $69.00 price objective (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Stock Performance

NYSE:ALK opened at $59.64 on Monday. Alaska Air Group, Inc. has a twelve month low of $37.63 and a twelve month high of $78.08. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The stock’s 50-day simple moving average is $50.60 and its 200 day simple moving average is $50.86. The firm has a market capitalization of $6.92 billion, a PE ratio of 68.55, a price-to-earnings-growth ratio of 0.52 and a beta of 1.21.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s quarterly 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, analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

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.