Rhumbline Advisers Sells 13,774 Shares of Alaska Air Group, Inc. $ALK

Rhumbline Advisers cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 328,177 shares of the transportation company’s stock after selling 13,774 shares during the quarter. Rhumbline Advisers owned about 0.28% of Alaska Air Group worth $16,337,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management grew its holdings in shares of Alaska Air Group by 80.5% during the second quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC purchased a new stake in Alaska Air Group during the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC grew its stake in Alaska Air Group by 43.2% during the 3rd 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 acquired a new position in shares of Alaska Air Group in the third quarter valued at about $45,000. Finally, Rexford Capital Inc. purchased a new position in shares of Alaska Air Group in the second quarter worth about $49,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 price objective on shares of Alaska Air Group in a research note on Friday, December 19th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Cantor Fitzgerald set a $63.00 price objective on Alaska Air Group in a report on Friday, January 30th. Citigroup reiterated a “buy” rating and set a $69.00 price target (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Finally, Barclays restated an “overweight” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.40.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. The trade was a 12.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the chief financial officer directly owned 33,530 shares of the company’s stock, valued at approximately $1,844,150. This trade represents a 22.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,445 shares of company stock valued at $1,521,504 in the last ninety days. Insiders own 1.00% of the company’s stock.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $55.86 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. Alaska Air Group, Inc. has a 1 year low of $37.63 and a 1 year high of $78.08. The firm has a market capitalization of $6.40 billion, a PE ratio of 64.20, a P/E/G ratio of 0.51 and a beta of 1.21. The business’s 50 day moving average price is $52.16 and its 200-day moving average price is $51.11.

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

About Alaska Air Group

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.