Susquehanna Fundamental Investments LLC Makes New $10.06 Million Investment in Alaska Air Group, Inc. $ALK

Susquehanna Fundamental Investments LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 192,782 shares of the transportation company’s stock, valued at approximately $10,063,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Alaska Air Group during the second quarter valued at $606,307,000. Vanguard Group Inc. lifted its stake in Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Alaska Air Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock worth $233,463,000 after acquiring an additional 145,484 shares during the period. Primecap Management Co. CA acquired a new stake in Alaska Air Group during the 2nd quarter worth about $168,467,000. Finally, Capital Research Global Investors grew its stake in 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 valued at $159,720,000 after acquiring an additional 1,475,350 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ALK. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. 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. Cantor Fitzgerald set a $46.00 price objective on shares of Alaska Air Group in a research report on Monday, August 24th. BMO Capital Markets upped their price objective on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, Citigroup cut their target price on shares of 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Benito Minicucci bought 25,000 shares of Alaska Air Group stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the purchase, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $42.43 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The stock’s 50-day moving average is $47.44 and its two-hundred day moving average is $44.84. The firm has a market cap of $4.73 billion, a P/E ratio of -27.03 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts predict that Alaska Air Group, Inc. will post -1.76 earnings per share for the current fiscal year.

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.