CenterBook Partners LP Takes Position in Alaska Air Group, Inc. $ALK

CenterBook Partners LP purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 62,210 shares of the transportation company’s stock, valued at approximately $3,129,000.

A number of other institutional investors have also recently bought and sold shares of ALK. Brighton Jones LLC boosted its position in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Empowered Funds LLC boosted its position in Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after purchasing an additional 152,953 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Alaska Air Group during the first quarter valued at $1,318,000. Finally, Invesco Ltd. boosted its position in Alaska Air Group by 2.7% during the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after purchasing an additional 9,307 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ALK shares. The Goldman Sachs Group reduced their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Citigroup cut Alaska Air Group from a “buy” rating to a “sell” rating and reduced their price objective for the company from $51.00 to $32.00 in a research report on Friday, May 1st. Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. UBS Group lifted their price objective on Alaska Air Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday, April 17th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The business has a 50-day moving average of $40.43 and a two-hundred day moving average of $45.67. The stock has a market capitalization of $4.71 billion, a P/E ratio of 79.76 and a beta of 1.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39.

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

Alaska Air Group Company 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.