205,362 Shares in Alaska Air Group, Inc. $ALK Bought by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 205,362 shares of the transportation company’s stock, valued at approximately $10,720,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position 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 worth $46,000 after buying an additional 212 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Alaska Air Group by 1.0% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after acquiring an additional 249 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in Alaska Air Group by 2.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock worth $737,000 after acquiring an additional 281 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Alaska Air Group by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock valued at $864,000 after purchasing an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in 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. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 0.1%

NYSE:ALK opened at $40.46 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market cap of $4.51 billion, a PE ratio of -25.77 and a beta of 1.29. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The stock has a 50-day simple moving average of $48.09 and a 200 day simple moving average of $45.36.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate 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 business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, sell-side analysts expect that Alaska Air Group, Inc. will post -1.22 EPS for the current fiscal year.

Key Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: CEO Benito Minicucci purchased 25,000 Alaska Air shares at an average price of $40.06, investing approximately $1 million and increasing his direct ownership by 10.8%. The sizable open-market purchase may support investor confidence that management views the selloff as an attractive entry point. Alaska Air CEO share purchase article
• Positive Sentiment: Alaska Airlines plans to add nonstop Seattle flights to Athens and Paris in 2027. The new routes expand its long-haul network and could create additional revenue opportunities while strengthening Seattle as a global gateway. Alaska Airlines Athens and Paris routes article
• Neutral Sentiment: The stock has declined about 28% over the referenced period and was down 7.1% since its latest earnings report, keeping valuation and management’s insider purchase in focus. The decline also reflects continued concerns about the airline’s earnings outlook.
• Negative Sentiment: Alaska Air’s latest quarterly results showed a loss of $0.92 per share, although that was better than the $0.99 consensus estimate. Revenue increased 9.7% year over year to $4.07 billion but slightly missed expectations, and the company remained unprofitable. Analysts expect a full-year loss, indicating that the new international routes may take time to contribute meaningfully.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALK shares. Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 13th. Barclays set a $65.00 target price on Alaska Air Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. TD Cowen reissued a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Citigroup lowered their price target on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a report on Friday, July 24th. Finally, UBS Group reaffirmed a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.65.

Insiders Place Their Bets

In other Alaska Air Group news, CEO Benito Minicucci bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group 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 completion of the sale, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Alaska Air Group 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.