Rockefeller Capital Management L.P. Boosts Stock Holdings in Alaska Air Group, Inc. $ALK

Rockefeller Capital Management L.P. grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 618.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,919 shares of the transportation company’s stock after purchasing an additional 36,945 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Alaska Air Group were worth $2,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALK. Capital Research Global Investors boosted its holdings 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 during the period. Northwestern Mutual Wealth Management Co. lifted its position in Alaska Air Group by 19,661.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after purchasing an additional 1,229,647 shares during the last quarter. Jain Global LLC bought a new stake in Alaska Air Group in the fourth quarter valued at approximately $53,683,000. BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 1,026,710 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Alaska Air Group during the third quarter valued at approximately $48,583,000. Institutional investors own 81.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ALK. Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. The Goldman Sachs Group dropped their price target on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Bank of America cut their price target on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Susquehanna decreased their price objective on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.62.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $51.83 on Tuesday. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 97.79 and a beta of 1.29. The stock has a fifty day moving average of $43.52 and a 200 day moving average of $46.26. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm posted ($0.77) earnings per share. The firm’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, research analysts expect that Alaska Air Group, Inc. will post -0.7 earnings per share for the current year.

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.