Capstone Investment Advisors LLC Acquires Shares of 19,050 Alaska Air Group, Inc. $ALK

Capstone Investment Advisors LLC purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, HoldingsChannel reports. The fund purchased 19,050 shares of the transportation company’s stock, valued at approximately $994,000.

A number of other institutional investors have also recently bought and sold shares of ALK. BlackRock Inc. acquired a new stake in shares of Alaska Air Group during the second quarter worth approximately $606,307,000. Vanguard Group Inc. boosted its holdings in shares of Alaska Air Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after buying an additional 110,628 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Alaska Air Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after acquiring an additional 145,484 shares during the period. Primecap Management Co. CA acquired a new stake in Alaska Air Group in the 2nd quarter valued at approximately $168,467,000. Finally, Capital Research Global Investors increased its position in Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after buying an additional 1,475,350 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays set a $65.00 price objective on Alaska Air Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Citigroup reduced their price target 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. 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. TD Cowen reiterated a “buy” rating and issued a $46.00 target price (down from $59.00) on shares of Alaska Air Group in a research note on Monday. Finally, Cantor Fitzgerald set a $46.00 price target on Alaska Air Group in a research note on Monday. Eleven 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.88.

Insider Activity

In related news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Benito Minicucci acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, 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 position. 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 Price Performance

Shares of Alaska Air Group stock opened at $42.22 on Friday. The firm has a market cap of $4.70 billion, a P/E ratio of -26.89 and a beta of 1.29. The firm’s 50-day simple moving average is $47.58 and its 200-day simple moving average is $44.97. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month 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.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, research analysts expect that Alaska Air Group, Inc. will post -1.76 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.