Y Intercept Hong Kong Ltd Buys New Position in Alaska Air Group, Inc. $ALK

Y Intercept Hong Kong Ltd bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 39,141 shares of the transportation company’s stock, valued at approximately $1,440,000.

A number of other hedge funds have also recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. acquired a new position in Alaska Air Group during the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. boosted its holdings in shares of Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 485 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares during the period. Advisory Services Network LLC purchased a new position in shares of Alaska Air Group during the third quarter worth approximately $90,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Alaska Air Group by 194.8% during the second 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 during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup reiterated a “sell” rating and issued a $47.00 price target (up from $32.00) on shares of Alaska Air Group in a research report on Friday, June 26th. UBS Group reissued a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Susquehanna lifted their price objective on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday. Evercore set a $60.00 target price on shares of Alaska Air Group in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded down $0.67 during trading hours on Friday, hitting $49.47. 1,952,455 shares of the company were exchanged, compared to its average volume of 3,025,237. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average of $45.11 and a 200-day moving average of $46.19. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 93.33 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned ($0.77) earnings per share. Alaska Air Group’s revenue for the quarter 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. As a group, analysts expect that Alaska Air Group, Inc. will post -0.25 EPS for the current fiscal 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.