Allspring Global Investments Holdings LLC Grows Holdings in Alaska Air Group, Inc. $ALK

Allspring Global Investments Holdings LLC boosted its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 35.2% during the first quarter, Holdings Channel.com reports. The fund owned 255,786 shares of the transportation company’s stock after acquiring an additional 66,553 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Alaska Air Group were worth $9,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in ALK. Generate Investment Management Ltd bought a new stake in shares of Alaska Air Group during the 4th quarter valued at $40,240,000. ARGA Investment Management LP boosted its holdings in Alaska Air Group by 200.3% in the 4th quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after buying an additional 503,167 shares during the period. Private Advisory Group LLC bought a new position in Alaska Air Group in the 4th quarter worth $11,391,000. Massachusetts Financial Services Co. MA grew its position in shares of Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after purchasing an additional 588,119 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Alaska Air Group by 60.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after buying an additional 26,310 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALK shares. Bank of America raised their price target on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley cut their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Evercore set a $60.00 target price on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, Wall Street Zen cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.73.

Alaska Air Group Stock Down 2.7%

Shares of NYSE ALK opened at $44.22 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -28.16 and a beta of 1.28. The stock has a 50 day moving average price of $46.21 and a 200 day moving average price of $45.89. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($0.99) by $0.07. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative return on equity of 3.06% and a negative net margin of 1.19%.Alaska Air Group’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Sell-side analysts expect that Alaska Air Group, Inc. will post -0.06 earnings per share for the current year.

Key Stories Impacting Alaska Air Group

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

• Positive Sentiment: Second-quarter revenue rose about 10% year over year to $4.1 billion, and the company beat adjusted EPS expectations, showing demand and operational performance are still improving. Reuters: Fuel costs cloud Alaska Air’s outlook even as demand remains strong
• Positive Sentiment: Management said Q3 should benefit from strong unit revenue growth and some easing in fuel costs, suggesting a possible recovery later this year. PR Newswire: Alaska Air Group reports second quarter 2026 results
• Neutral Sentiment: The company also highlighted operational milestones, including stronger on-time performance, expanded international service, and completion of a major Alaska/Hawaiian systems integration step. PR Newswire: Alaska Air Group reports second quarter 2026 results
• Negative Sentiment: The quarter was hit by an 85% surge in fuel costs, which management said added roughly $600 million in extra expense and pushed the airline to a second-quarter loss. Seeking Alpha: The War Against Iran Is Hitting Alaska Air Group Hard
• Negative Sentiment: Q3 EPS guidance of $0.00 to $1.00 fell short of Wall Street expectations, which appears to be the main reason the stock is falling today. MarketBeat: Alaska Air Group earnings transcript
• Negative Sentiment: Rainstorms in Hawaii also hurt spring-break travel demand, reducing system unit revenue and adding to near-term margin pressure. Reuters: Fuel costs cloud Alaska Air’s outlook even as demand remains strong

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.