88,966 Alaska Air Group, Inc. $ALK Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. boosted its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 13.9% in the third quarter, HoldingsChannel.com reports. The firm owned 728,679 shares of the transportation company’s stock after buying an additional 88,966 shares during the quarter. Alaska Air Group comprises about 2.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 8th largest holding. U S Global Investors Inc.’s holdings in Alaska Air Group were worth $28,200,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $606,307,000. Primecap Management Co. CA acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $168,467,000. Bank of New York Mellon Corp acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $34,776,000. Bank of America Corp DE purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at $32,751,000. Finally, Privium Fund Management UK Ltd purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at $27,195,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup reiterated a “sell” rating and set a $33.00 price target (down from $37.00) on shares of Alaska Air Group in a research note on Thursday. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Zacks Research lowered Alaska Air Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Barclays set a $52.00 target price on Alaska Air Group and gave the company an “overweight” rating in a report on Friday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.23.

Alaska Air Group Stock Up 5.6%

Shares of NYSE:ALK opened at $35.43 on Friday. The stock has a market cap of $3.95 billion, a P/E ratio of -10.10 and a beta of 1.33. The firm has a fifty day moving average price of $39.99 and a 200 day moving average price of $43.18. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.46 and a quick ratio of 0.51. Alaska Air Group, Inc. has a 1-year low of $32.33 and a 1-year high of $60.63.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. Sell-side analysts predict that Alaska Air Group, Inc. will post -3.26 EPS for the current year.

Key Headlines Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Alaska Air reported strong revenue momentum in the third quarter, with revenue rising 14.4% year over year to approximately $4.31 billion. Premium traffic increased 24.5%, while diversified revenue streams reached 54% of the total mix, helping reduce the company’s reliance on traditional passenger fares. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Strong yields and revenue growth supported better-than-expected underlying third-quarter earnings in some analyst assessments, indicating that pricing power and demand remain favorable. ALK Q3 Earnings Beat on Strong Yields Despite Fuel Pressure
• Neutral Sentiment: JPMorgan and Susquehanna both reduced their price targets, to $74 and $43, respectively, but maintained bullish ratings of “overweight” and “positive.” The target cuts reflect lower near-term expectations rather than a shift to a bearish outlook.
• Negative Sentiment: Fuel inflation is the primary concern. Higher fuel expenses squeezed third-quarter profitability and are expected to weigh more heavily in the fourth quarter, overshadowing the company’s traffic and revenue gains. Alaska Air Group Stock Slides As Q3 Results Deepen Fuel Fears
• Negative Sentiment: Alaska Air guided to a fourth-quarter 2026 loss of $2.50 to $2.00 per share, substantially worse than the $1.14 loss analysts expected. Third-quarter EPS also came in slightly below the consensus estimate in the company’s reported results, reinforcing concerns about margin pressure. Alaska Air Group Fourth-Quarter Guidance

Insider Activity

In related news, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Benito Minicucci purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. This trade 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, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.