South Dakota Investment Council Has $16.49 Million Holdings in Alaska Air Group, Inc. $ALK

South Dakota Investment Council increased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 9.7% during the first quarter, Holdings Channel reports. The fund owned 448,271 shares of the transportation company’s stock after purchasing an additional 39,708 shares during the period. South Dakota Investment Council’s holdings in Alaska Air Group were worth $16,487,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Amundi acquired a new stake in shares of Alaska Air Group in the first quarter valued at $2,205,000. California State Teachers Retirement System raised its stake in shares of Alaska Air Group by 38.2% in the first quarter. California State Teachers Retirement System now owns 45,088 shares of the transportation company’s stock worth $1,658,000 after acquiring an additional 12,453 shares during the last quarter. Owl Creek Asset Management L.P. acquired a new position in shares of Alaska Air Group during the first quarter worth approximately $5,780,000. Bradley Foster & Sargent Inc. CT grew its stake in shares of Alaska Air Group by 7.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 15,720 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Alaska Air Group during the first quarter valued at approximately $279,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

ALK opened at $45.80 on Thursday. The company has a fifty day moving average price of $47.10 and a two-hundred day moving average price of $45.75. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The firm has a market capitalization of $5.10 billion, a PE ratio of -29.17 and a beta of 1.28.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALK. BMO Capital Markets raised their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a report on Thursday, July 2nd. The Goldman Sachs Group restated 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. Evercore set a $60.00 price target on Alaska Air Group in a research note on Friday, April 17th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Citigroup lowered their price objective 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. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $65.65.

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.