California Public Employees Retirement System Lowers Stock Holdings in Alaska Air Group, Inc. $ALK

California Public Employees Retirement System lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 20.1% during the first quarter, HoldingsChannel reports. The firm owned 167,728 shares of the transportation company’s stock after selling 42,191 shares during the quarter. California Public Employees Retirement System’s holdings in Alaska Air Group were worth $6,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares during the period. Capital Research Global Investors raised its position in Alaska Air Group by 86.8% during the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after buying an additional 1,475,350 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after buying an additional 588,119 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alaska Air Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after acquiring an additional 35,352 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Alaska Air Group by 17.1% in the 4th quarter. Morgan Stanley now owns 1,921,213 shares of the transportation company’s stock worth $96,637,000 after acquiring an additional 280,337 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ALK. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. TD Cowen restated a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Evercore set a $60.00 price objective on Alaska Air Group in a report on Friday, April 17th. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Stock Down 0.1%

Alaska Air Group stock opened at $46.10 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The stock’s fifty day moving average is $46.53 and its two-hundred day moving average is $45.81.

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

Key Stories Impacting Alaska Air Group

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.

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.