Hsbc Holdings PLC Makes New Investment in Alaska Air Group, Inc. $ALK

Key Points

• Hsbc Holdings PLC acquired 65,242 Alaska Air Group shares during the second quarter, valued at approximately $3.4 million and representing a 0.06% stake. Institutional investors collectively own 81.90% of the company.
• Alaska Air Group reported a quarterly loss of $0.92 per share, beating estimates of a $0.99 loss, while revenue rose 9.7% year over year to $4.07 billion. The company provided third-quarter 2026 EPS guidance ranging from $0.00 to $1.00.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $61.88, although several firms recently lowered their targets. ALK opened at $42.43, well below its 52-week high of $65.88.

Hsbc Holdings PLC acquired a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,242 shares of the transportation company's stock, valued at approximately $3,389,000. Hsbc Holdings PLC owned 0.06% of Alaska Air Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in ALK. Primecap Management Co. CA acquired a new stake in shares of Alaska Air Group during the second quarter worth about $168,467,000. Legal & General Group Plc acquired a new stake in Alaska Air Group in the second quarter valued at $4,799,000. The Manufacturers Life Insurance Company purchased a new stake in Alaska Air Group during the second quarter worth about $4,208,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Alaska Air Group in the 2nd quarter worth approximately $1,004,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Alaska Air Group in the second quarter valued at $325,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alaska Air Group

In related news, CEO Benito Minicucci bought 25,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer directly owned 256,582 shares of the company's stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction that occurred on 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 directly owned 25,528 shares of the company's stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company's stock.

Alaska Air Group Trading Up 0.5%

ALK stock opened at $42.43 on Friday. The company has a market cap of $4.73 billion, a price-to-earnings ratio of -27.03 and a beta of 1.29. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The business has a fifty day simple moving average of $47.44 and a 200-day simple moving average of $44.95. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $1.42 EPS. The company's 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. On average, equities research analysts expect that Alaska Air Group, Inc. will post -1.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ALK. Weiss Ratings downgraded shares of Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. TD Cowen restated a "buy" rating and set a $46.00 price objective (down from $59.00) on shares of Alaska Air Group in a research report on Monday, August 24th. JPMorgan Chase & Co. reduced their target price on Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Zacks Research raised Alaska Air Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald set a $46.00 price target on Alaska Air Group in a report on Monday, August 24th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.88.

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.

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