Rockefeller Capital Management L.P. Boosts Stock Position in Alaska Air Group, Inc. $ALK

Rockefeller Capital Management L.P. lifted its stake in Alaska Air Group, Inc. (NYSE:ALK) by 618.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,919 shares of the transportation company’s stock after acquiring an additional 36,945 shares during the period. Rockefeller Capital Management L.P.’s holdings in Alaska Air Group were worth $2,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group during the 4th quarter worth about $26,000. Foster Dykema Cabot & Partners LLC purchased a new position in Alaska Air Group during the third quarter worth about $28,000. First Command Advisory Services Inc. grew its position 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 stake 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 acquiring an additional 212 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter valued at about $90,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore set a $60.00 price target on Alaska Air Group in a research report on Friday, April 17th. UBS Group restated a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Citigroup reaffirmed a “sell” rating and issued a $47.00 target price (up from $32.00) on shares of Alaska Air Group in a research note on Friday. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.62.

Alaska Air Group Price Performance

ALK opened at $51.83 on Tuesday. The stock has a 50-day moving average price of $43.52 and a 200-day moving average price of $46.26. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month 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 stock has a market capitalization of $5.78 billion, a P/E ratio of 97.79 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data 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 firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts predict that Alaska Air Group, Inc. will post -0.7 earnings per share for the current fiscal year.

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.