Jupiter Topco LLC Invests $788,000 in Alaska Air Group, Inc. $ALK

Jupiter Topco LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,088 shares of the transportation company’s stock, valued at approximately $788,000.

Several other large investors have also recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new position in shares of Alaska Air Group in the second quarter worth about $3,389,000. Primecap Management Co. CA bought a new position in shares of Alaska Air Group in the second quarter worth approximately $168,467,000. Legal & General Group Plc bought a new position in shares of Alaska Air Group in the second quarter worth approximately $4,799,000. The Manufacturers Life Insurance Company purchased a new position in shares of Alaska Air Group in the second quarter worth $4,208,000. Finally, Clear Harbor Asset Management LLC bought a new stake in Alaska Air Group during the 2nd quarter valued at $1,004,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Up 0.0%

Shares of Alaska Air Group stock opened at $42.05 on Monday. The stock has a market capitalization of $4.69 billion, a PE ratio of -26.78 and a beta of 1.28. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. 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 company has a 50-day simple moving average of $46.44 and a two-hundred day simple moving average of $44.31.

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 analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts anticipate that Alaska Air Group, Inc. will post -1.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 13th. Citigroup dropped 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 report on Friday, July 24th. JPMorgan Chase & Co. reduced their price target on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and set a $52.00 target price (down from $60.00) on shares of Alaska Air Group in a research note on Monday, August 24th. Finally, Cantor Fitzgerald set a $46.00 price objective on shares of Alaska Air Group in a report on Monday, August 24th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group 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 directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Benito Minicucci purchased 25,000 shares of Alaska Air Group stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by corporate insiders.

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.