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 business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Alaska Air Group Price Performance

NYSE ALK opened at $50.66 on Friday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of -32.26 and a beta of 1.29. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The business’s fifty day moving average price is $47.90 and its 200-day moving average price is $45.80.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($0.99) by $0.07. The company had revenue of $4.07 billion during 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%.Alaska Air Group’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities analysts predict that Alaska Air Group, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALK. BMO Capital Markets increased their price objective on shares of Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Weiss Ratings raised shares of Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. TD Cowen reiterated a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. ARGA Investment Management LP lifted its holdings in shares of Alaska Air Group by 200.3% in the fourth quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after buying an additional 503,167 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alaska Air Group by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after acquiring an additional 588,119 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Alaska Air Group by 60.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after acquiring an additional 26,310 shares during the last quarter. Daytona Street Capital LLC bought a new stake in Alaska Air Group in the 4th quarter valued at $3,097,000. Finally, Vanguard Group Inc. lifted its stake in Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares in the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.