Jupiter Topco LLC Makes New $788,000 Investment in Alaska Air Group, Inc. $ALK

Jupiter Topco LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, HoldingsChannel reports. The fund purchased 15,088 shares of the transportation company’s stock, valued at approximately $788,000.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Alaska Air Group in the second quarter worth about $3,389,000. Primecap Management Co. CA bought a new stake in Alaska Air Group during the 2nd quarter valued at approximately $168,467,000. Legal & General Group Plc bought a new stake in Alaska Air Group during the 2nd quarter valued at approximately $4,799,000. The Manufacturers Life Insurance Company purchased a new position in Alaska Air Group in the 2nd quarter worth approximately $4,208,000. Finally, Clear Harbor Asset Management LLC bought a new position in Alaska Air Group in the 2nd quarter worth approximately $1,004,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALK shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. TD Cowen restated a “buy” rating and set a $46.00 target price (down from $59.00) on shares of Alaska Air Group in a research report on Monday, August 24th. Susquehanna raised their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. 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. Finally, Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.88.

Alaska Air Group Stock Up 0.0%

NYSE ALK opened at $42.05 on Monday. The stock has a 50 day moving average price of $46.44 and a 200-day moving average price of $44.31. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market capitalization of $4.69 billion, a P/E ratio of -26.78 and a beta of 1.28.

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

Insiders Place Their Bets

In related news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benito Minicucci purchased 25,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This represents a 10.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

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.