New York State Common Retirement Fund Sells 55,912 Shares of Alaska Air Group, Inc. $ALK

New York State Common Retirement Fund reduced its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 40.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,988 shares of the transportation company’s stock after selling 55,912 shares during the period. New York State Common Retirement Fund’s holdings in Alaska Air Group were worth $4,131,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management increased its holdings in shares of Alaska Air Group by 80.5% during the second quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after buying an additional 280 shares in the last quarter. Country Trust Bank acquired a new stake in Alaska Air Group during the 3rd quarter valued at $45,000. Rexford Capital Inc. bought a new position in Alaska Air Group in the 2nd quarter valued at $49,000. Total Investment Management Inc. acquired a new position in Alaska Air Group in the second quarter worth $61,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Alaska Air Group in the third quarter worth $63,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $59.64 on Friday. The company has a market cap of $6.92 billion, a PE ratio of 68.55, a PEG ratio of 0.49 and a beta of 1.21. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a 1 year low of $37.63 and a 1 year high of $78.08. The company’s 50-day moving average is $50.60 and its two-hundred day moving average is $50.90.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALK. Barclays reaffirmed an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Raymond James Financial reissued an “outperform” rating and set a $71.00 price objective on shares of Alaska Air Group in a report on Friday, December 19th. Wall Street Zen raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Bank of America increased their price target 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. Finally, UBS Group set a $77.00 price target on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $71.40.

Alaska Air Group Company 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.