Public Employees Retirement System of Ohio Makes New Investment in Alaska Air Group, Inc. $ALK

Public Employees Retirement System of Ohio acquired a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 42,718 shares of the transportation company’s stock, valued at approximately $2,230,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Alaska Air Group in the second quarter valued at $606,307,000. Primecap Management Co. CA bought a new stake in Alaska Air Group in the 2nd quarter valued at $168,467,000. Capital Research Global Investors raised its stake in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after buying an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $62,166,000 after buying an additional 1,229,647 shares in the last quarter. Finally, Jain Global LLC bought a new position in shares of Alaska Air Group during the 4th quarter worth about $53,683,000. 81.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Benito Minicucci acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the purchase, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $46.00 price target (down from $59.00) on shares of Alaska Air Group in a research report on Monday, August 24th. Bank of America upped their price objective on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Susquehanna increased their target price on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen raised Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $42.05 on Friday. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of -26.78 and a beta of 1.28. The firm’s 50 day simple moving average is $46.44 and its 200 day simple moving average is $44.39. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned $1.42 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post -1.74 earnings per share for the current year.

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.