Shane Tackett Sells 24,000 Shares of Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) CFO Shane Tackett sold 24,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alaska Air Group Stock Up 0.9%

Shares of NYSE ALK opened at $52.61 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 60.47, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. Alaska Air Group, Inc. has a 1 year low of $37.63 and a 1 year high of $75.75. The firm’s 50 day moving average price is $52.17 and its 200 day moving average price is $51.10.

Alaska Air Group (NYSE:ALK) last posted 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. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. 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, sell-side analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Institutional Trading of Alaska Air Group

Hedge funds have recently made changes to their positions in the stock. Ellis Investment Partners LLC increased its stake in shares of Alaska Air Group by 0.5% in the third quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock valued at $2,035,000 after purchasing an additional 212 shares during the period. SBI Securities Co. Ltd. grew its holdings in Alaska Air Group by 30.4% in 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 in the last quarter. True Wealth Design LLC increased its position in Alaska Air Group by 19.9% in the 3rd quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 232 shares during the period. Lesa Sroufe & Co raised its stake in Alaska Air Group by 0.7% during the 3rd quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock valued at $1,821,000 after acquiring an additional 242 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Alaska Air Group by 6.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALK shares. Wall Street Zen raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings lowered shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 13th. Raymond James Financial reissued an “outperform” rating and issued a $71.00 price objective on shares of Alaska Air Group in a research report on Friday, December 19th. Bank of America lifted their target price on Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Susquehanna increased their price target on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.40.

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.