Louisiana State Employees Retirement System Acquires Shares of 33,200 Alaska Air Group, Inc. $ALK

Louisiana State Employees Retirement System acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,200 shares of the transportation company’s stock, valued at approximately $1,221,000.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in 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 buying an additional 212 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Alaska Air Group by 1.0% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after buying an additional 249 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Alaska Air Group by 2.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock worth $737,000 after buying an additional 281 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Alaska Air Group by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after acquiring an additional 313 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Alaska Air Group by 3.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,814 shares of the transportation company’s stock worth $594,000 after acquiring an additional 387 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $51.13 on Friday. The stock’s 50-day moving average is $44.21 and its two-hundred day moving average is $46.28. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 96.47 and a beta of 1.28. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Analysts predict that Alaska Air Group, Inc. will post -0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALK. Evercore set a $60.00 target price on Alaska Air Group in a research report on Friday, April 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.58.

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.