William Blair Investment Management LLC Lowers Stock Holdings in Alaska Air Group, Inc. $ALK

William Blair Investment Management LLC trimmed its stake in Alaska Air Group, Inc. (NYSE:ALK) by 9.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 535,121 shares of the transportation company’s stock after selling 55,160 shares during the period. William Blair Investment Management LLC’s holdings in Alaska Air Group were worth $26,917,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Alaska Air Group by 19,661.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after purchasing an additional 1,229,647 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after purchasing an additional 1,026,710 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Alaska Air Group in the 3rd quarter worth approximately $48,583,000. Generate Investment Management Ltd purchased a new stake in shares of Alaska Air Group in the 4th quarter worth approximately $40,240,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Alaska Air Group by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after purchasing an additional 588,119 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Trading Up 0.2%

NYSE ALK opened at $41.42 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The firm has a market cap of $4.61 billion, a PE ratio of 78.14 and a beta of 1.25. The company has a 50 day moving average price of $39.28 and a 200 day moving average price of $45.50. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post -1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

ALK has been the subject of several research reports. Citigroup cut shares of Alaska Air Group from a “buy” rating to a “sell” rating and lowered their price target for the stock from $51.00 to $32.00 in a research report on Friday, May 1st. Cantor Fitzgerald set a $63.00 price target on shares of Alaska Air Group in a research report on Friday, January 30th. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. TD Cowen lowered their price target on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, The Goldman Sachs Group lowered 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. Eleven 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.85.

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.