Alaska Air Group, Inc. $ALK Holdings Lowered by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 41.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,310 shares of the transportation company’s stock after selling 111,194 shares during the quarter. Quantinno Capital Management LP’s holdings in Alaska Air Group were worth $5,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake 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 buying an additional 92,416 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of 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 acquiring an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 acquiring an additional 152,953 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Alaska Air Group in the 1st quarter valued at approximately $1,318,000. Finally, Invesco Ltd. boosted its stake in Alaska Air Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after purchasing an additional 9,307 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 0.9%

Shares of NYSE ALK opened at $52.06 on Thursday. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of -33.16 and a beta of 1.29. The business has a 50 day simple moving average of $47.82 and a 200 day simple moving average of $45.80. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts predict that Alaska Air Group, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the topic of several research analyst reports. Evercore set a $60.00 price objective on shares of Alaska Air Group in a research report on Friday, April 17th. Citigroup lowered their price target on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Morgan Stanley lowered their target price on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.65.

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.