Alaska Air Group (NYSE:ALK) EVP Sells $263,251.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew Harrison sold 5,300 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alaska Air Group Trading Up 4.8%

Shares of NYSE ALK traded up $2.41 during trading hours on Tuesday, reaching $52.62. The stock had a trading volume of 2,598,730 shares, compared to its average volume of 3,883,486. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of -33.52 and a beta of 1.29. The business’s fifty day moving average price is $47.52 and its two-hundred day moving average price is $45.74. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts expect that Alaska Air Group, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALK. UBS Group reaffirmed a “buy” rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Citigroup decreased their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Bank of America lifted their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Susquehanna boosted their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALK. SBI Securities Co. Ltd. lifted its holdings in shares of Alaska Air Group by 30.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Alaska Air Group by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 249 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Alaska Air Group by 2.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock worth $737,000 after purchasing an additional 281 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Alaska Air Group by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after acquiring an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Alaska Air Group by 0.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock valued at $1,932,000 after purchasing an additional 313 shares during the period. Hedge funds and other 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.