Alaska Air Group, Inc. $ALK Position Trimmed by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its stake in Alaska Air Group, Inc. (NYSE:ALK) by 29.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,289 shares of the transportation company’s stock after selling 9,827 shares during the quarter. Corient Private Wealth LLC’s holdings in Alaska Air Group were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 92,416 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Alaska Air Group by 60.2% during the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Alaska Air Group by 81.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after purchasing an additional 152,953 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Alaska Air Group in the 1st quarter valued at $1,318,000. Finally, Invesco Ltd. lifted its stake in shares of Alaska Air Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after purchasing an additional 9,307 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of 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. Citigroup reaffirmed a “sell” rating and issued a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a research report on Friday, June 26th. Bank of America upped their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a report on Friday, June 5th. Finally, Susquehanna cut their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Alaska Air Group Stock Performance

NYSE:ALK opened at $51.30 on Thursday. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $5.72 billion, a PE ratio of 96.79 and a beta of 1.28. The firm has a 50-day moving average price of $43.81 and a 200 day moving average price of $46.25.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts anticipate 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.