Empowered Funds LLC Sells 28,847 Shares of Alaska Air Group, Inc. $ALK

Empowered Funds LLC decreased its position in Alaska Air Group, Inc. (NYSE:ALK) by 72.6% during the 1st quarter, HoldingsChannel reports. The fund owned 10,897 shares of the transportation company’s stock after selling 28,847 shares during the quarter. Empowered Funds LLC’s holdings in Alaska Air Group were worth $401,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ALK. Capital Research Global Investors grew its position in Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after purchasing an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 buying an additional 1,229,647 shares during the last quarter. Jain Global LLC bought a new position in shares of Alaska Air Group in the 4th quarter valued at about $53,683,000. BNP Paribas Financial Markets increased its position in shares of Alaska Air Group by 1,563.7% in the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after acquiring an additional 1,026,710 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Alaska Air Group during the third quarter valued at approximately $48,583,000. 81.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ALK. Evercore set a $60.00 price objective on Alaska Air Group in a report on Friday, April 17th. Susquehanna upped their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. UBS Group reiterated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. JPMorgan Chase & Co. cut their price objective on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, BMO Capital Markets increased their price target on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Trading Up 2.3%

Shares of Alaska Air Group stock opened at $48.35 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The firm has a 50-day moving average of $48.12 and a 200-day moving average of $45.79. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The stock has a market cap of $5.39 billion, a PE ratio of -30.80 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The business’s revenue 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. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post -0.73 EPS for the current year.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was 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 in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.