Absolute Gestao de Investimentos Ltda. Sells 14,969 Shares of Alaska Air Group, Inc. $ALK

Absolute Gestao de Investimentos Ltda. decreased its position in Alaska Air Group, Inc. (NYSE:ALK) by 34.5% in the 1st quarter, HoldingsChannel reports. The fund owned 28,453 shares of the transportation company’s stock after selling 14,969 shares during the period. Absolute Gestao de Investimentos Ltda.’s holdings in Alaska Air Group were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in shares of Alaska Air Group in the fourth quarter valued at $26,000. First Command Advisory Services Inc. boosted its stake in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after buying an additional 485 shares in the last quarter. SBI Securities Co. Ltd. increased 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 valued at $46,000 after buying an additional 212 shares during the period. Parallel Advisors LLC increased its holdings in Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after buying an additional 385 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Alaska Air Group in the 3rd quarter valued at $90,000. Institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. cut their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. TD Cowen reaffirmed a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Finally, BMO Capital Markets upped their price objective on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $46.10 on Friday. The business has a fifty day moving average of $46.53 and a 200-day moving average of $45.85. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.39 and a current ratio of 0.55. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The firm has a market cap of $5.14 billion, a PE ratio of -29.36 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities research analysts predict that Alaska Air Group, Inc. will post -0.53 EPS for the current fiscal year.

Alaska Air Group News Summary

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

• Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
• Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
• Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
• Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
• Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

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.