New York State Common Retirement Fund Sells 55,912 Shares of Alaska Air Group, Inc. $ALK

New York State Common Retirement Fund lessened its position in Alaska Air Group, Inc. (NYSE:ALK) by 40.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,988 shares of the transportation company’s stock after selling 55,912 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Alaska Air Group worth $4,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALK. Ellis Investment Partners LLC increased its stake in shares of Alaska Air Group by 0.5% in the third quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock worth $2,035,000 after purchasing an additional 212 shares during the period. Concurrent Investment Advisors LLC increased its position in Alaska Air Group by 3.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,237 shares of the transportation company’s stock worth $358,000 after buying an additional 232 shares during the period. True Wealth Design LLC increased its position in Alaska Air Group by 19.9% in the 3rd 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 period. Lesa Sroufe & Co lifted its holdings in shares of Alaska Air Group by 0.7% during the third quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock worth $1,821,000 after buying an additional 242 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Alaska Air Group by 6.0% in the third quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

NYSE:ALK opened at $59.64 on Friday. The firm has a market capitalization of $6.92 billion, a PE ratio of 68.55, a price-to-earnings-growth ratio of 0.49 and a beta of 1.21. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a 12-month low of $37.63 and a 12-month high of $78.08. The firm has a 50-day moving average price of $50.60 and a 200 day moving average price of $50.90.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating 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 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 company posted $0.97 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. 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. Research analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALK. Raymond James Financial reaffirmed an “outperform” rating and set a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. UBS Group set a $77.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a report on Friday, December 12th. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Bank of America lifted their target price on Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up previously from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.40.

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.