Generate Investment Management Ltd Sells 600,000 Shares of Alaska Air Group, Inc. $ALK

Generate Investment Management Ltd reduced its stake in Alaska Air Group, Inc. (NYSE:ALK) by 75.0% during the 1st quarter, HoldingsChannel reports. The firm owned 200,000 shares of the transportation company’s stock after selling 600,000 shares during the quarter. Generate Investment Management Ltd’s holdings in Alaska Air Group were worth $7,356,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 92,416 shares in the last quarter. Empowered Funds LLC grew its position in Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after acquiring an additional 152,953 shares in the last quarter. Intech Investment Management LLC acquired a new position in Alaska Air Group during the first quarter worth $1,318,000. Finally, Invesco Ltd. lifted its holdings in shares of Alaska Air Group by 2.7% during the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after acquiring an additional 9,307 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ALK. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Bank of America cut their target price on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. TD Cowen reissued a “buy” rating on shares of Alaska Air Group in a report on Friday, June 5th. UBS Group increased their price target on Alaska Air Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Evercore set a $60.00 price target on Alaska Air Group in a research report on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

Alaska Air Group Stock Down 0.7%

Shares of Alaska Air Group stock opened at $48.92 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. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The business has a fifty day simple moving average of $42.44 and a 200 day simple moving average of $46.12. The stock has a market cap of $5.45 billion, a PE ratio of 92.31 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last released its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share 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 company 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 company posted ($0.77) EPS. The company’s quarterly revenue 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. Research analysts predict that Alaska Air Group, Inc. will post -0.72 EPS for the current 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.