Alaska Air Group (NYSE:ALK) Trading Down 6.4% – Here’s Why

Alaska Air Group, Inc. (NYSE:ALK) shares were down 6.4% during trading on Wednesday . The company traded as low as $42.44 and last traded at $42.2410. Approximately 878,936 shares were traded during trading, a decline of 78% from the average daily volume of 4,070,463 shares. The stock had previously closed at $45.13.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALK shares. BMO Capital Markets increased their price objective on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group cut their target price on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Evercore set a $60.00 price objective on Alaska Air Group in a research note on Friday, April 17th. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Finally, UBS Group lifted their price objective on Alaska Air Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Alaska Air Group Stock Performance

The stock has a market capitalization of $4.63 billion, a P/E ratio of 78.60 and a beta of 1.29. The company has a fifty day moving average of $40.61 and a two-hundred day moving average of $45.72. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted ($0.77) EPS. Alaska Air Group’s revenue 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, equities analysts anticipate that Alaska Air Group, Inc. will post -1.01 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in ALK. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group during the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group during the third quarter valued at $28,000. AlphaQuest LLC acquired a new position in Alaska Air Group during the third quarter valued at $34,000. First Command Advisory Services Inc. raised its position in 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 valued at $34,000 after buying an additional 485 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Alaska Air Group by 43.2% during the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.