Insider Buying: Alaska Air Group (NYSE:ALK) CEO Purchases $1,001,500.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) CEO Benito Minicucci purchased 25,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Alaska Air Group Price Performance

Shares of ALK stock traded up $0.28 during mid-day trading on Friday, hitting $40.46. 2,587,569 shares of the stock were exchanged, compared to its average volume of 3,758,508. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The company has a market cap of $4.51 billion, a PE ratio of -25.77 and a beta of 1.29. The firm has a fifty day moving average of $48.23 and a 200 day moving average of $45.45.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts anticipate that Alaska Air Group, Inc. will post -1.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group during the fourth quarter worth $26,000. First Command Advisory Services Inc. grew its holdings in shares of Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares during the period. Compound Global Advisors LLC acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth about $39,000. Cedar Mountain Advisors LLC increased its position in shares of Alaska Air Group by 963.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after purchasing an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares during the period. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ALK shares. Citigroup lowered their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research note on Friday, July 24th. Barclays set a $65.00 target price on Alaska Air Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and set a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.65.

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.