CenterBook Partners LP Purchases Shares of 62,210 Alaska Air Group, Inc. $ALK

CenterBook Partners LP acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 62,210 shares of the transportation company’s stock, valued at approximately $3,129,000. CenterBook Partners LP owned approximately 0.05% of Alaska Air Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alaska Air Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock worth $312,280,000 after acquiring an additional 56,225 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after acquiring an additional 1,475,350 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Alaska Air Group by 24.8% in 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 acquiring an additional 588,119 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $42.27 on Tuesday. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 79.76 and a beta of 1.29. The stock’s fifty day simple moving average is $40.43 and its 200-day simple moving average is $45.67.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALK. BMO Capital Markets lifted their target price on Alaska Air Group from $42.50 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Evercore set a $60.00 target price on Alaska Air Group in a report on Friday, April 17th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their target price on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Bank of America decreased their target price on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Eleven 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.00.

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.