Geode Capital Management LLC Purchases 35,352 Shares of Alaska Air Group, Inc. $ALK

Geode Capital Management LLC increased its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,149,777 shares of the transportation company’s stock after purchasing an additional 35,352 shares during the period. Geode Capital Management LLC’s holdings in Alaska Air Group were worth $108,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ALK. Northwestern Mutual Wealth Management Co. increased its position in shares of Alaska Air Group by 19,661.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after purchasing an additional 1,229,647 shares during the period. BNP Paribas Financial Markets increased its position in shares of Alaska Air Group by 1,563.7% during the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after purchasing an additional 1,026,710 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Alaska Air Group during the third quarter valued at approximately $48,583,000. Generate Investment Management Ltd bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $40,240,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after purchasing an additional 588,119 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $43.00 on Friday. The business’s fifty day moving average price is $40.36 and its two-hundred day moving average price is $45.60. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 81.13 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). The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company 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 predict that Alaska Air Group, Inc. will post -1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ALK shares. Susquehanna lowered their price target on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. BMO Capital Markets upped their price target on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Finally, TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research report on Friday. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.