Alaska Air Group, Inc. $ALK Shares Acquired by ARGA Investment Management LP

Key Points

• ARGA Investment Management boosted its stake in Alaska Air Group by 200.3% in Q4 to 754,321 shares (about $37.94M), making ALK the fund's 21st largest holding.
• Alaska Air missed quarterly EPS (reported ($1.68) vs. ($1.61) expected) and revenue was $3.30B (slightly below estimates), and the company set Q2 2026 EPS guidance at roughly -1.00; revenue was up 5.2% year‑over‑year.
• Wall Street’s consensus is a "Moderate Buy" with an average price target of $63.31, while insiders have sold 56,945 shares (~$3.2M) in the last three months.

ARGA Investment Management LP grew its holdings in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 200.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 754,321 shares of the transportation company's stock after purchasing an additional 503,167 shares during the period. Alaska Air Group makes up 1.0% of ARGA Investment Management LP's investment portfolio, making the stock its 21st largest position. ARGA Investment Management LP owned 0.65% of Alaska Air Group worth $37,942,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at $28,000. AlphaQuest LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company's stock worth $42,000 after acquiring an additional 253 shares during the last quarter. Country Trust Bank acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $45,000. Finally, True Wealth Design LLC lifted its holdings in shares of Alaska Air Group by 19.9% in the 3rd quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company's stock worth $70,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Price Performance

Shares of ALK opened at $40.46 on Tuesday. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The firm's fifty day simple moving average is $42.81 and its 200-day simple moving average is $46.28. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 76.34 and a beta of 1.27. 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 (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted ($0.77) earnings per share. Alaska Air Group's revenue for the quarter was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000--1.000 EPS. Equities analysts forecast that Alaska Air Group, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, CFO Shane R. Tackett sold 24,000 shares of the firm's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares of the company's stock, valued at approximately $2,478,995.55. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kyle B. Levine sold 2,945 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $60.02, for a total value of $176,758.90. Following the sale, the executive vice president directly owned 20,977 shares in the company, valued at $1,259,039.54. This trade represents a 12.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ALK shares. Weiss Ratings upgraded shares of Alaska Air Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 9th. TD Cowen decreased their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, March 9th. Wall Street Zen lowered shares of Alaska Air Group from a "sell" rating to a "strong sell" rating in a report on Tuesday, April 14th. Barclays restated an "overweight" rating and issued a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Finally, Morgan Stanley decreased their target price on Alaska Air Group from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.31.

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.

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