ARGA Investment Management LP Lowers Stock Holdings in Alaska Air Group, Inc. $ALK

ARGA Investment Management LP lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 77.2% during the third quarter, HoldingsChannel reports. The firm owned 251,154 shares of the transportation company’s stock after selling 848,036 shares during the quarter. ARGA Investment Management LP’s holdings in Alaska Air Group were worth $12,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ALK. Allianz Asset Management GmbH lifted its position in shares of Alaska Air Group by 10.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 123,947 shares of the transportation company’s stock valued at $6,133,000 after acquiring an additional 12,041 shares during the period. First Pacific Financial boosted its stake in shares of Alaska Air Group by 5,268.0% during the second quarter. First Pacific Financial now owns 10,736 shares of the transportation company’s stock valued at $531,000 after acquiring an additional 10,536 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth about $594,000. U S Global Investors Inc. boosted its position in Alaska Air Group by 12.0% during the second quarter. U S Global Investors Inc. now owns 479,052 shares of the transportation company’s stock worth $23,703,000 after acquiring an additional 51,492 shares during the last quarter. Finally, Summit Investment Advisors Inc. purchased a new stake in shares of Alaska Air Group in the first quarter valued at $1,192,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $50.88 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.49 and a current ratio of 0.52. Alaska Air Group, Inc. has a one year low of $37.63 and a one year high of $78.08. The company has a market capitalization of $5.90 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 0.50 and a beta of 1.22. The stock has a fifty day moving average of $47.94 and a 200-day moving average of $50.79.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.26% and a net margin of 0.70%.The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALK shares. Cantor Fitzgerald set a $65.00 target price on shares of Alaska Air Group in a report on Monday, November 3rd. Raymond James Financial reiterated an “outperform” rating and set a $71.00 target price on shares of Alaska Air Group in a report on Friday, December 19th. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research note on Monday, November 3rd. Finally, Citigroup restated a “buy” rating and set a $69.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Alaska Air Group News Roundup

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

• Positive Sentiment: Q4 adjusted EPS beat expectations (adjusted $0.43 vs. consensus $0.11), providing an upside surprise that likely supported the rally. Alaska Air Group reports fourth quarter and full year 2025 results
• Positive Sentiment: Management issued FY2026 EPS guidance of $3.50–$6.50 and said momentum is accelerating (integration with Hawaiian Airlines cited), which gives investors a multi‑quarter thesis for earnings improvement. Alaska Air Group reports fourth quarter and full year 2025 results
• Positive Sentiment: Company and analysts are pointing to a pickup in bookings late in Q4 and management expects a “meaningful” improvement in 2026 EPS, reinforcing forward optimism. Alaska Air expects ‘meaningful’ improvement in 2026 EPS
• Neutral Sentiment: Revenue grew modestly (about 2.8% y/y to $3.63B) but came in roughly flat to slightly below some estimates — a mixed top‑line print that tempers the EPS beat. Earnings snapshot / conference call
• Negative Sentiment: Near‑term guidance disappointed: Q1 2026 EPS was guided to -$1.50 to -$0.50 (worse than consensus), which is a short‑term drag and heightens execution risk. Alaska Air Group reports fourth quarter and full year 2025 results
• Negative Sentiment: CEO flagged operational risks from a major winter storm that could disrupt flights and add costs — a near‑term catalyst for volatility in revenue and margins. Alaska Airlines CEO on potential impact to flights from massive winter storm
• Negative Sentiment: Management warned of fuel/refinery risks in California that could increase costs or constrain operations, a material input‑cost risk for airlines. Alaska Airlines CEO: California refineries are a big risk for us going forward
• Negative Sentiment: Detailed quarter metrics show steep year‑over‑year declines in profitability and cash balances, higher cost of sales and rising capex/liabilities — longer‑term fundamentals that could limit upside until margins recover. Q4 results: modest revenue growth, EPS beats but profitability slumps

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.