Generate Investment Management Ltd Takes $40.24 Million Position in Alaska Air Group, Inc. $ALK

Generate Investment Management Ltd bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 4th quarter, HoldingsChannel reports. The firm bought 800,000 shares of the transportation company’s stock, valued at approximately $40,240,000. Alaska Air Group comprises approximately 1.8% of Generate Investment Management Ltd’s investment portfolio, making the stock its 14th largest position.

Other large investors also recently made changes to their positions in the company. Ellis Investment Partners LLC boosted its holdings in shares of Alaska Air Group by 0.5% during the third quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock worth $2,035,000 after purchasing an additional 212 shares during the period. True Wealth Design LLC increased its stake in 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 valued at $70,000 after buying an additional 232 shares during the period. Lesa Sroufe & Co increased its stake in Alaska Air Group by 0.7% in the 3rd quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock valued at $1,821,000 after buying an additional 242 shares during the period. GAMMA Investing LLC lifted its position in Alaska Air Group by 6.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock worth $218,000 after buying an additional 249 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in 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 buying an additional 253 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James Financial restated an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a report on Friday, December 19th. Weiss Ratings upgraded Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Barclays reissued an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. BMO Capital Markets assumed coverage on Alaska Air Group in a research note on Tuesday. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, Citigroup dropped their target price on Alaska Air Group from $69.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $64.82.

Insider Activity

In related news, EVP Andrew R. Harrison sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the transaction, the executive vice president directly owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. This trade represents a 41.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the sale, the executive vice president owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 56,945 shares of company stock valued at $3,204,569. Insiders own 1.00% of the company’s stock.

Alaska Air Group Stock Down 7.0%

Alaska Air Group stock opened at $36.21 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a 1-year low of $35.89 and a 1-year high of $65.88. The firm’s fifty day simple moving average is $48.56 and its 200-day simple moving average is $48.49. The company has a market capitalization of $4.15 billion, a P/E ratio of 41.62, a P/E/G ratio of 0.41 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the company posted $0.97 earnings per share. Alaska Air Group’s revenue for the quarter was up 2.8% on a year-over-year basis. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Sell-side analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal 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.