Redwood Investment Management LLC Invests $1.17 Million in Alaska Air Group, Inc. $ALK

Redwood Investment Management LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,459 shares of the transportation company’s stock, valued at approximately $1,172,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of Alaska Air Group by 30.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Alaska Air Group by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after acquiring an additional 249 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of Alaska Air Group by 2.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 281 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Alaska Air Group by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after acquiring an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Alaska Air Group by 0.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after purchasing an additional 313 shares during the last quarter. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $43.12 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.80 billion, a PE ratio of -27.46 and a beta of 1.29. The company’s fifty day moving average is $47.72 and its 200 day moving average is $45.09. 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 quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the business posted $1.42 earnings per share. The company’s revenue 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. Research analysts anticipate that Alaska Air Group, Inc. will post -1.46 earnings per share for the current year.

Insider Activity

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ALK. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Citigroup cut their price target on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Bank of America increased their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Raymond James Financial restated an “outperform” rating and set a $52.00 price objective (down from $60.00) on shares of Alaska Air Group in a report on Monday. Finally, 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. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.88.

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.