Capital Research Global Investors Has $159.72 Million Position in Alaska Air Group, Inc. $ALK

Capital Research Global Investors boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 86.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,175,350 shares of the transportation company’s stock after purchasing an additional 1,475,350 shares during the quarter. Capital Research Global Investors’ holdings in Alaska Air Group were worth $159,720,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. grew its position in 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. Northwestern Mutual Investment Management Company LLC grew its position in Alaska Air Group by 1.0% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 249 shares during the period. Smartleaf Asset Management LLC grew its position in Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 253 shares during the period. Thrivent Financial for Lutherans grew its position in Alaska Air Group by 0.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after purchasing an additional 313 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in Alaska Air Group by 3.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,814 shares of the transportation company’s stock valued at $594,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Susquehanna dropped their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Evercore set a $60.00 price objective on Alaska Air Group in a research note on Friday, April 17th. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $42.27 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $40.43 and its two-hundred day simple moving average is $45.67. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The stock has a market cap of $4.71 billion, a PE ratio of 79.76 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last released its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, analysts forecast that Alaska Air Group, Inc. will post -1.01 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.