AGF Management Ltd. Sells 100,009 Shares of Alaska Air Group, Inc. $ALK

AGF Management Ltd. lowered its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 40.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,075 shares of the transportation company’s stock after selling 100,009 shares during the quarter. AGF Management Ltd.’s holdings in Alaska Air Group were worth $7,421,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ALK. Brighton Jones LLC grew its position in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Empowered Funds LLC grew its position in Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 acquired a new position in Alaska Air Group in the 1st quarter valued at approximately $1,318,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Alaska Air Group by 28.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,494 shares of the transportation company’s stock worth $717,000 after acquiring an additional 3,182 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a research note on Friday. Citigroup restated a “buy” rating and issued a $69.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Bank of America upped their target price on shares of Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Raymond James Financial reissued an “outperform” rating and issued a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. Finally, UBS Group set a $77.00 price objective on Alaska Air Group and gave the company a “buy” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.40.

Alaska Air Group Price Performance

NYSE:ALK opened at $52.58 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The firm has a market cap of $6.10 billion, a PE ratio of 60.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.21. Alaska Air Group, Inc. has a 12 month low of $37.63 and a 12 month high of $78.08. The company’s 50-day moving average price is $49.46 and its two-hundred day moving average price is $50.77.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. 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. On average, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

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.