Magnetar Financial LLC Sells 29,559 Shares of Alaska Air Group, Inc. $ALK

Magnetar Financial LLC reduced its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 33.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 58,835 shares of the transportation company’s stock after selling 29,559 shares during the period. Magnetar Financial LLC owned approximately 0.05% of Alaska Air Group worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its holdings in shares of Alaska Air Group by 40.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock valued at $8,642,000 after buying an additional 49,663 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Alaska Air Group during the second quarter valued at approximately $594,000. CM Management LLC purchased a new position in shares of Alaska Air Group during the third quarter worth approximately $1,244,000. JPMorgan Chase & Co. lifted its holdings in shares of Alaska Air Group by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock worth $10,263,000 after acquiring an additional 46,445 shares during the last quarter. Finally, Summit Investment Advisors Inc. purchased a new stake in shares of Alaska Air Group in the 1st quarter valued at $1,192,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 2.5%

NYSE:ALK opened at $41.29 on Thursday. The company has a fifty day moving average of $51.33 and a 200 day moving average of $50.42. Alaska Air Group, Inc. has a 52 week low of $37.63 and a 52 week high of $65.88. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.73 billion, a P/E ratio of 47.46, a P/E/G ratio of 0.38 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results 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. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm 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. On average, research analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ALK shares. Citigroup reiterated a “buy” rating and issued a $69.00 target price (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Barclays restated an “overweight” rating and set a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. TD Cowen reduced their price objective on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group set a $77.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total transaction of $311,465.00. Following the transaction, the executive vice president owned 30,828 shares in the company, valued at $1,745,789.64. The trade was a 15.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at $2,478,995.55. The trade was a 35.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,945 shares of company stock valued at $3,204,569 over the last ninety days. 1.00% of the stock is owned by insiders.

Alaska Air Group Company 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.