D.A. Davidson & CO. Buys 12,695 Shares of Alaska Air Group, Inc. $ALK

D.A. Davidson & CO. raised its stake in Alaska Air Group, Inc. (NYSE:ALK) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,016 shares of the transportation company’s stock after purchasing an additional 12,695 shares during the quarter. D.A. Davidson & CO. owned 0.19% of Alaska Air Group worth $7,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new position in Alaska Air Group in the 4th quarter worth about $26,000. First Command Advisory Services Inc. boosted 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 valued at $34,000 after buying an additional 485 shares during the period. SBI Securities Co. Ltd. grew 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 worth $46,000 after acquiring an additional 212 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Alaska Air Group in the third quarter worth $90,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Alaska Air Group by 194.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,276 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,504 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $45.50 on Friday. The stock’s fifty day moving average is $45.82 and its two-hundred day moving average is $46.03. The company has a market capitalization of $5.07 billion, a PE ratio of 85.84 and a beta of 1.28. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its 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 firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the firm earned ($0.77) earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, analysts expect that Alaska Air Group, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

ALK has been the topic of several research reports. Morgan Stanley dropped their target price on 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. Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Citigroup reissued a “sell” rating and set a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a research report on Friday, June 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.12.

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.