Alaska Air Group (NYSE:ALK) EVP Sells $794,745.00 in Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew Harrison sold 14,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $794,745.00. Following the transaction, the executive vice president owned 20,195 shares in the company, valued at approximately $1,106,887.95. This trade represents a 41.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alaska Air Group Trading Down 6.6%

ALK opened at $52.14 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.98 billion, a PE ratio of 59.93, a PEG ratio of 0.50 and a beta of 1.21. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $76.98. The firm has a 50-day moving average price of $52.15 and a two-hundred day moving average price of $51.12.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. Alaska Air Group’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. 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. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Institutional Trading of Alaska Air Group

Several hedge funds have recently added to or reduced their stakes in ALK. Invesco Ltd. increased its holdings in shares of Alaska Air Group by 18.7% in the fourth quarter. Invesco Ltd. now owns 973,636 shares of the transportation company’s stock worth $48,974,000 after acquiring an additional 153,340 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Alaska Air Group by 205.0% in the 4th quarter. Corient Private Wealth LLC now owns 100,998 shares of the transportation company’s stock valued at $5,080,000 after purchasing an additional 67,882 shares during the period. Delta Global Management LP bought a new stake in Alaska Air Group during the 4th quarter worth approximately $2,200,000. SummitTX Capital L.P. increased its stake in Alaska Air Group by 6,639.0% during the 4th quarter. SummitTX Capital L.P. now owns 272,524 shares of the transportation company’s stock worth $13,708,000 after purchasing an additional 268,480 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Alaska Air Group during the 4th quarter worth approximately $1,498,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

ALK has been the subject of a number of research reports. Cantor Fitzgerald set a $63.00 price objective on Alaska Air Group in a research report on Friday, January 30th. Raymond James Financial reiterated an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. Bank of America increased their price objective on shares of Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Barclays reaffirmed an “overweight” rating and set a $70.00 target price (up previously from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Finally, TD Cowen cut their price target on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.40.

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.