Alaska Air Group (NYSE:ALK) CFO Shane Tackett Sells 24,000 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane Tackett sold 24,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer directly owned 43,377 shares in the company, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alaska Air Group Trading Up 0.9%

Shares of ALK stock opened at $52.61 on Friday. The firm has a 50-day moving average price of $52.17 and a 200 day moving average price of $51.12. Alaska Air Group, Inc. has a twelve month low of $37.63 and a twelve month high of $75.75. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 60.47, a PEG ratio of 0.47 and a beta of 1.21. 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 (NYSE:ALK) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.32. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. 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. Research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ALK shares. Susquehanna raised their price objective on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. Bank of America raised their price target on Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Cantor Fitzgerald set a $63.00 price objective on shares of Alaska Air Group in a research note on Friday, January 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.40.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its position in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Empowered Funds LLC grew its stake in Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after acquiring an additional 152,953 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Alaska Air Group in the 1st quarter valued at $1,318,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Alaska Air Group by 23.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,552 shares of the transportation company’s stock valued at $324,000 after acquiring an additional 1,260 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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.