Alaska Air Group, Inc. $ALK Shares Purchased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. increased its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,930 shares of the transportation company’s stock after acquiring an additional 33,090 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Alaska Air Group were worth $14,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the period. Dimensional Fund Advisors LP grew its holdings in Alaska Air Group by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock worth $312,280,000 after acquiring an additional 56,225 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after acquiring an additional 588,119 shares during the period. AQR Capital Management LLC grew its holdings in Alaska Air Group by 10.1% during the second quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock worth $71,809,000 after acquiring an additional 134,141 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Alaska Air Group by 19,661.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after acquiring an additional 1,229,647 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 0.8%

Shares of ALK opened at $41.42 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The stock’s 50 day moving average is $39.22 and its two-hundred day moving average is $45.46. The firm has a market cap of $4.61 billion, a P/E ratio of 78.14 and a beta of 1.25.

Alaska Air Group (NYSE:ALK) last issued 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). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business posted ($0.77) earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Analysts predict that Alaska Air Group, Inc. will post -1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ALK. TD Cowen dropped their target price on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Weiss Ratings lowered Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Bank of America dropped their price objective on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Susquehanna dropped their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Finally, Morgan Stanley dropped their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.85.

Alaska Air Group Company 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.