Arista Wealth Management LLC Buys Shares of 8,385 Alaska Air Group, Inc. $ALK

Arista Wealth Management LLC purchased a new position in Alaska Air Group, Inc. (NYSE:ALK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,385 shares of the transportation company’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MAI Capital Management raised its position in Alaska Air Group by 80.5% in the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Alaska Air Group in the third quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Alaska Air Group by 43.2% during the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 253 shares during the last quarter. Country Trust Bank purchased a new position in shares of Alaska Air Group during the third quarter valued at approximately $45,000. Finally, Rexford Capital Inc. bought a new position in Alaska Air Group during the second quarter valued at approximately $49,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Performance

Shares of ALK opened at $60.25 on Tuesday. The business has a 50-day simple moving average of $50.96 and a two-hundred day simple moving average of $50.93. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a 52 week low of $37.63 and a 52 week high of $78.08. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 69.25, a PEG ratio of 0.52 and a beta of 1.21.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. On average, analysts expect that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALK shares. Bank of America lifted their target price on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. UBS Group set a $77.00 price objective on Alaska Air Group and gave the stock a “buy” rating in a report on Friday, December 12th. Barclays reiterated an “overweight” rating and set a $70.00 price objective (up previously from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. TD Cowen dropped their target price on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating and set a $69.00 price target (up previously from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

Insider Activity

In other news, CFO Shane R. Tackett sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer directly owned 33,530 shares in the company, valued at $1,844,150. This trade represents a 22.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.

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.