84,071 Shares in Alaska Air Group, Inc. $ALK Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,071 shares of the transportation company’s stock, valued at approximately $4,389,000.

Several other institutional investors also recently bought and sold shares of ALK. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group during the 4th quarter worth about $26,000. First Command Advisory Services Inc. raised its stake in shares of Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 485 shares in the last quarter. Compound Global Advisors LLC bought a new position in shares of Alaska Air Group in the 2nd quarter valued at approximately $39,000. Cedar Mountain Advisors LLC lifted its holdings in Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after purchasing an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in 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 purchasing an additional 212 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alaska Air Group

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 sale, the executive vice president owned 25,528 shares in the company, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

ALK has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. TD Cowen reiterated a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Susquehanna boosted their price objective on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Finally, Barclays set a $65.00 target price on Alaska Air Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Trading Down 2.6%

Shares of ALK stock opened at $40.16 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of -25.58 and a beta of 1.29. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The firm’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $45.45. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post -1.22 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.