Alaska Air Group, Inc. $ALK Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 4.8% in the third quarter, Holdings Channel reports. The firm owned 3,459,409 shares of the transportation company’s stock after selling 175,011 shares during the period. Primecap Management Co. CA’s holdings in Alaska Air Group were worth $172,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALK. MAI Capital Management lifted its position in Alaska Air Group by 80.5% during the second quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Alaska Air Group in the 3rd quarter valued at $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of Alaska Air Group by 43.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 253 shares in the last quarter. Country Trust Bank purchased a new stake in Alaska Air Group during the 3rd quarter worth $45,000. Finally, Rexford Capital Inc. purchased a new stake in Alaska Air Group during the 2nd quarter worth $49,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the sale, the executive vice president owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the sale, the executive vice president owned 30,828 shares in the company, valued at approximately $1,745,789.64. This trade represents a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 56,945 shares of company stock worth $3,204,569. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ALK has been the topic of several research reports. Bank of America raised their price objective on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. Susquehanna boosted their price target on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, January 9th. UBS Group set a $77.00 price target on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Weiss Ratings downgraded shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Trading Up 1.7%

NYSE:ALK opened at $55.27 on Friday. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 63.53, a price-to-earnings-growth ratio of 0.49 and a beta of 1.21. Alaska Air Group, Inc. has a one year low of $37.63 and a one year high of $73.89. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. The business’s 50-day simple moving average is $52.27 and its 200 day simple moving average is $51.12.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data 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. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.97 EPS. Alaska Air Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

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.