American Century Companies Inc. Sells 42,003 Shares of Alaska Air Group, Inc. $ALK

American Century Companies Inc. decreased its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,224,616 shares of the transportation company’s stock after selling 42,003 shares during the period. American Century Companies Inc. owned approximately 2.80% of Alaska Air Group worth $160,521,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. MAI Capital Management boosted its stake 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 purchasing an additional 280 shares during the period. AlphaQuest LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC increased 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 in the last quarter. Country Trust Bank purchased a new stake in Alaska Air Group during the 3rd quarter valued at $45,000. Finally, Rexford Capital Inc. bought a new position in Alaska Air Group during the 2nd quarter valued at about $49,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total value of $311,465.00. Following the completion of the transaction, the executive vice president owned 30,828 shares of the company’s stock, valued at approximately $1,745,789.64. This represents a 15.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the sale, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,945 shares of company stock worth $3,204,569 over the last quarter. 0.92% of the stock is currently owned by insiders.

Alaska Air Group Stock Performance

ALK opened at $51.55 on Monday. The company has a market cap of $5.91 billion, a P/E ratio of 59.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The firm’s 50-day moving average price is $52.26 and its 200-day moving average price is $51.04. Alaska Air Group, Inc. has a 52-week low of $37.63 and a 52-week high of $73.89.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate 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 revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALK shares. UBS Group set a $77.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a research note on Friday, December 12th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Bank of America upped their price target on shares of Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, TD Cowen cut their price target on shares of Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus 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.