Fifth Third Bancorp Acquires 208,714 Shares of Alaska Air Group, Inc. $ALK

Fifth Third Bancorp grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 18,372.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,850 shares of the transportation company’s stock after buying an additional 208,714 shares during the quarter. Fifth Third Bancorp’s holdings in Alaska Air Group were worth $7,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Generate Investment Management Ltd bought a new position in Alaska Air Group in the 4th quarter worth approximately $40,240,000. ARGA Investment Management LP lifted its holdings in Alaska Air Group by 200.3% during the 4th quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after buying an additional 503,167 shares in the last quarter. Private Advisory Group LLC bought a new position in Alaska Air Group in the 4th quarter valued at $11,391,000. Massachusetts Financial Services Co. MA boosted its position in Alaska Air Group by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after buying an additional 588,119 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Alaska Air Group by 60.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after buying an additional 26,310 shares during the period. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $47.90 on Thursday. 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 firm has a market capitalization of $5.34 billion, a P/E ratio of 90.38 and a beta of 1.28. The business has a 50-day moving average of $45.58 and a 200-day moving average of $46.06. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last 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 analysts anticipate that Alaska Air Group, Inc. will post -0.25 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALK shares. Citigroup reaffirmed a “sell” rating and set a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a research note on Friday, June 26th. Bank of America lifted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 1st. Finally, BMO Capital Markets raised their target price on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $67.12.

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.