Public Employees Retirement System of Ohio Takes Position in Alaska Air Group, Inc. $ALK

Public Employees Retirement System of Ohio purchased a new position in Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,718 shares of the transportation company’s stock, valued at approximately $2,230,000.

Several other hedge funds and other institutional investors have also modified their holdings of ALK. BlackRock Inc. purchased a new position in Alaska Air Group in the second quarter valued at about $606,307,000. Primecap Management Co. CA acquired a new position in Alaska Air Group in the 2nd quarter worth about $168,467,000. Capital Research Global Investors raised its stake in shares of Alaska Air Group by 86.8% during the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after purchasing an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alaska Air Group by 19,661.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after purchasing an additional 1,229,647 shares in the last quarter. Finally, Jain Global LLC acquired a new stake in shares of Alaska Air Group during the 4th quarter valued at about $53,683,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Price Performance

Shares of NYSE:ALK opened at $42.05 on Friday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -26.78 and a beta of 1.28. The business has a 50 day moving average price of $46.44 and a 200 day moving average price of $44.39. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted $1.42 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts predict that Alaska Air Group, Inc. will post -1.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Benito Minicucci bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at $10,278,674.92. The trade was a 10.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ALK shares. Barclays set a $65.00 price target on Alaska Air Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating and issued a $46.00 target price (down from $59.00) on shares of Alaska Air Group in a research report on Monday, August 24th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

About Alaska Air Group

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.