Corient Private Wealth LLC Sells 9,827 Shares of Alaska Air Group, Inc. $ALK

Corient Private Wealth LLC trimmed its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 29.7% in the fourth quarter, HoldingsChannel reports. The firm owned 23,289 shares of the transportation company’s stock after selling 9,827 shares during the period. Corient Private Wealth LLC’s holdings in Alaska Air Group were worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group in the fourth quarter valued at $26,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alaska Air Group in the third quarter worth about $28,000. First Command Advisory Services Inc. lifted its position in shares of Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Alaska Air Group during the third quarter valued at approximately $90,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $51.30 on Thursday. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $5.72 billion, a PE ratio of 96.79 and a beta of 1.28. The stock’s fifty day simple moving average is $43.81 and its 200 day simple moving average is $46.25.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned ($0.77) EPS. The company’s revenue for the quarter 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. On average, research analysts predict that Alaska Air Group, Inc. will post -0.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALK. UBS Group reissued a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Susquehanna reduced their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, April 22nd. Citigroup reiterated a “sell” rating and issued a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a research report on Friday, June 26th. Bank of America lifted their target price on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.