Cobalt Capital Management Inc. Makes New Investment in Alaska Air Group, Inc. $ALK

Cobalt Capital Management Inc. acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 4th quarter, Holdings Channel reports. The fund acquired 260,000 shares of the transportation company’s stock, valued at approximately $13,078,000. Alaska Air Group comprises approximately 5.8% of Cobalt Capital Management Inc.’s portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Alaska Air Group by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after acquiring an additional 249 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 253 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Alaska Air Group by 2.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 281 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Alaska Air Group by 0.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after acquiring an additional 313 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ALK. Morgan Stanley decreased 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 report on Wednesday, April 22nd. Bank of America cut their target price on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. The Goldman Sachs Group dropped their price objective on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. BMO Capital Markets upped their price objective on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Alaska Air Group Stock Performance

Shares of ALK opened at $48.20 on Thursday. The company’s fifty day moving average is $41.82 and its 200-day moving average is $45.99. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 90.95 and a beta of 1.29. 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 announced its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the company earned ($0.77) EPS. The business’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. Equities analysts expect that Alaska Air Group, Inc. will post -1.01 EPS for the current fiscal 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.