Empowered Funds LLC Has $401,000 Position in Alaska Air Group, Inc. $ALK

Empowered Funds LLC lessened its position in Alaska Air Group, Inc. (NYSE:ALK) by 72.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,897 shares of the transportation company’s stock after selling 28,847 shares during the period. Empowered Funds LLC’s holdings in Alaska Air Group were worth $401,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Alaska Air Group by 1.0% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 249 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in Alaska Air Group by 2.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock worth $737,000 after purchasing an additional 281 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Alaska Air Group by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after purchasing an additional 300 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Alaska Air Group by 0.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after buying an additional 313 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Activity

In other news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Alaska Air Group Stock Up 2.3%

Alaska Air Group stock opened at $48.35 on Wednesday. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of -30.80 and a beta of 1.29. The company’s 50 day simple moving average is $48.12 and its 200 day simple moving average is $45.79. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, sell-side analysts anticipate that Alaska Air Group, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALK shares. UBS Group reissued a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Citigroup dropped their target price on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research report on Friday, July 24th. Bank of America lifted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Barclays set a $65.00 target price on shares of Alaska Air Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Eleven equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.65.

Alaska Air Group Company 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.