Daytona Street Capital LLC Buys New Stake in Alaska Air Group, Inc. $ALK

Daytona Street Capital LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 61,573 shares of the transportation company’s stock, valued at approximately $3,097,000. Alaska Air Group comprises 2.1% of Daytona Street Capital LLC’s holdings, making the stock its 11th biggest holding. Daytona Street Capital LLC owned approximately 0.05% of Alaska Air Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Wealth Management LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $238,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Alaska Air Group by 8.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,219 shares of the transportation company’s stock valued at $615,000 after buying an additional 967 shares during the last quarter. Hara Capital LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $1,172,000. Private Advisory Group LLC acquired a new position in Alaska Air Group in the 4th quarter valued at $11,391,000. Finally, Generate Investment Management Ltd acquired a new position in Alaska Air Group in the 4th quarter valued at $40,240,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at $1,259,039.54. This trade represents a 12.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 5,500 shares of Alaska Air Group stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the transaction, the executive vice president directly owned 30,828 shares of the company’s stock, valued at $1,745,789.64. This represents a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 56,945 shares of company stock worth $3,204,569. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALK shares. Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. TD Cowen lowered their target price on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Wall Street Zen lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America decreased their price target on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Barclays restated an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $63.67.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $38.01 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. The firm’s 50-day simple moving average is $47.06 and its 200-day simple moving average is $47.32. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The firm has a market cap of $4.31 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 0.51 and a beta of 1.27.

Alaska Air Group (NYSE:ALK) last issued its earnings results 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 net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business earned $0.97 EPS. 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. As a group, research analysts expect that Alaska Air Group, Inc. will post 6.03 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.