Clear Harbor Asset Management LLC Invests $1 Million in Alaska Air Group, Inc. $ALK

Clear Harbor Asset Management LLC purchased a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 19,230 shares of the transportation company’s stock, valued at approximately $1,004,000.

Several other institutional investors also recently modified their holdings of ALK. Atlas Capital Advisors Inc. purchased a new position in Alaska Air Group in the 4th quarter worth about $26,000. First Command Advisory Services Inc. lifted its stake in 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 valued at $34,000 after acquiring an additional 485 shares during the period. Compound Global Advisors LLC purchased a new stake in shares of Alaska Air Group during the 2nd quarter valued at about $39,000. Cedar Mountain Advisors LLC boosted its holdings 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 valued at $44,000 after acquiring an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after acquiring an additional 212 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the business’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 sale, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Benito Minicucci purchased 25,000 shares of Alaska Air Group stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Susquehanna increased their price target on Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group News Roundup

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.

Alaska Air Group Stock Up 0.7%

Shares of ALK stock opened at $40.46 on Friday. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The stock has a market cap of $4.51 billion, a P/E ratio of -25.77 and a beta of 1.29. 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 company has a 50 day simple moving average of $48.09 and a two-hundred day simple moving average of $45.41.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post -1.22 earnings per share for the current year.

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.