Whittier Trust Co. of Nevada Inc. Acquires New Shares in Alaska Air Group, Inc. $ALK

Whittier Trust Co. of Nevada Inc. acquired a new position in Alaska Air Group, Inc. (NYSE:ALK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,991 shares of the transportation company’s stock, valued at approximately $607,000.

A number of other hedge funds have also bought and sold shares of the business. Atlas Capital Advisors Inc. purchased a new stake in shares of Alaska Air Group during the 4th quarter valued at about $26,000. First Command Advisory Services Inc. lifted 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 purchasing an additional 485 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares during the last quarter. Advisory Services Network LLC bought a new stake in Alaska Air Group in the 3rd quarter worth approximately $90,000. Finally, EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 1,504 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen reiterated a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Evercore set a $60.00 target price on Alaska Air Group in a report on Friday, April 17th. Finally, Susquehanna raised their target price on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $67.12.

Alaska Air Group Trading Down 2.7%

NYSE:ALK opened at $49.07 on Wednesday. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88. The business has a fifty day moving average price of $44.54 and a 200-day moving average price of $46.21. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 92.59 and a beta of 1.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39.

Alaska Air Group (NYSE:ALK) last issued 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). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the company earned ($0.77) EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Sell-side analysts forecast that Alaska Air Group, Inc. will post -0.65 EPS for the current year.

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.