William Blair Investment Management LLC Sells 55,160 Shares of Alaska Air Group, Inc. $ALK

William Blair Investment Management LLC cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 535,121 shares of the transportation company’s stock after selling 55,160 shares during the period. William Blair Investment Management LLC owned about 0.46% of Alaska Air Group worth $26,917,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Alaska Air Group by 1.0% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after buying an additional 249 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Alaska Air Group by 0.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 40,564 shares of the transportation company’s stock worth $2,019,000 after buying an additional 277 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Alaska Air Group by 0.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after buying an additional 313 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALK has been the topic of several analyst reports. Weiss Ratings downgraded shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Susquehanna cut their price target on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Morgan Stanley cut their price target on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Evercore set a $60.00 price target on shares of Alaska Air Group in a report on Friday, April 17th. Finally, Cantor Fitzgerald set a $63.00 price target on shares of Alaska Air Group in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.85.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $41.42 on Tuesday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 78.14 and a beta of 1.25. The company has a current ratio of 0.43, a quick ratio of 0.39 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 firm’s 50-day moving average is $39.28 and its 200 day moving average is $45.50.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned ($0.77) earnings per share. 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 -1.04 EPS 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.