Louisiana State Employees Retirement System Takes $1.22 Million Position in Alaska Air Group, Inc. $ALK

Louisiana State Employees Retirement System purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,200 shares of the transportation company’s stock, valued at approximately $1,221,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Alaska Air Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Alaska Air Group by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock valued at $312,280,000 after buying an additional 56,225 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after buying an additional 1,475,350 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after buying an additional 588,119 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Alaska Air Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after buying an additional 35,352 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Trading Up 0.1%

Shares of Alaska Air Group stock opened at $51.13 on Friday. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 96.47 and a beta of 1.28. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The company’s 50-day simple moving average is $44.21 and its 200-day simple moving average is $46.28. 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 (NYSE:ALK) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS 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 during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business earned ($0.77) EPS. Alaska Air Group’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, equities research analysts anticipate that Alaska Air Group, Inc. will post -0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALK. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup reiterated 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, June 26th. Evercore set a $60.00 target price on Alaska Air Group in a report on Friday, April 17th. TD Cowen restated a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research note on Thursday. Finally, Susquehanna decreased their price target on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and an average price target of $65.58.

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.