157,156 Shares in Alaska Air Group, Inc. $ALK Bought by Owl Creek Asset Management L.P.

by · The Markets Daily

Owl Creek Asset Management L.P. bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 157,156 shares of the transportation company’s stock, valued at approximately $5,780,000. Alaska Air Group makes up approximately 0.4% of Owl Creek Asset Management L.P.’s investment portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after purchasing an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $62,166,000 after buying an additional 1,229,647 shares during the period. Jain Global LLC bought a new position in shares of Alaska Air Group during the fourth quarter worth about $53,683,000. BNP Paribas Financial Markets grew its holdings 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 worth $54,378,000 after buying an additional 1,026,710 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Alaska Air Group in the 3rd quarter valued at approximately $48,583,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALK shares. TD Cowen restated a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Bank of America boosted their price objective on shares of 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 cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. UBS Group reaffirmed a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday. Eleven 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Get Our Latest Stock Analysis on Alaska Air Group

Alaska Air Group Stock Down 0.1%

ALK stock opened at $46.10 on Monday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The business has a 50 day moving average price of $46.53 and a two-hundred day moving average price of $45.81. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts anticipate that Alaska Air Group, Inc. will post -0.53 EPS for the current fiscal year.

Key Stories Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

  • Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
  • Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
  • Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
  • Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
  • Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

Alaska Air Group Company Profile

(Free Report)

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.

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