Geode Capital Management LLC Has $108.17 Million Stake in Alaska Air Group, Inc. $ALK

Geode Capital Management LLC increased its stake in Alaska Air Group, Inc. (NYSE:ALK) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,149,777 shares of the transportation company’s stock after purchasing an additional 35,352 shares during the quarter. Geode Capital Management LLC owned approximately 1.85% of Alaska Air Group worth $108,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in Alaska Air Group in the 3rd quarter worth approximately $28,000. AlphaQuest LLC acquired a new stake in Alaska Air Group in the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Alaska Air Group by 34.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,588 shares of the transportation company’s stock worth $79,000 after purchasing an additional 405 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Alaska Air Group from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. TD Cowen restated a “buy” rating on shares of Alaska Air Group in a report on Friday. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday. The Goldman Sachs Group dropped their price target on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Evercore set a $60.00 price target on Alaska Air Group in a research report on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $43.00 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $40.36 and its two-hundred day moving average is $45.60. The company has a market cap of $4.79 billion, a P/E ratio of 81.13 and a beta of 1.29. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, equities analysts expect that Alaska Air Group, Inc. will post -1.01 EPS for the current 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.