Alaska Air Group, Inc. $ALK Stake Reduced by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 34.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,453 shares of the transportation company’s stock after selling 14,969 shares during the period. Absolute Gestao de Investimentos Ltda.’s holdings in Alaska Air Group were worth $1,047,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group during the fourth quarter worth $26,000. First Command Advisory Services Inc. boosted its position in shares of Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 485 shares during the period. SBI Securities Co. Ltd. boosted its position 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 valued at $46,000 after purchasing an additional 212 shares during the period. Parallel Advisors LLC increased its stake in Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Alaska Air Group in the 3rd quarter worth about $90,000. 81.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. TD Cowen restated a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Eleven 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.65.

Key Stories Impacting Alaska Air Group

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

• Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
• Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
• Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
• Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
• Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $46.10 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.39 and a current ratio of 0.55. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. The business’s 50-day simple moving average is $46.53 and its 200-day simple moving average is $45.85. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned $1.42 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, equities research analysts expect that Alaska Air Group, Inc. will post -0.53 earnings per share 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.