Magnetar Financial LLC Sells 29,559 Shares of Alaska Air Group, Inc. $ALK

Magnetar Financial LLC reduced its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 33.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,835 shares of the transportation company’s stock after selling 29,559 shares during the quarter. Magnetar Financial LLC’s holdings in Alaska Air Group were worth $2,929,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alaska Air Group in the 3rd quarter worth about $28,000. MAI Capital Management increased its position 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 period. AlphaQuest LLC purchased a new position in shares of Alaska Air Group during the third quarter valued at about $34,000. Smartleaf Asset Management LLC raised its stake in Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after buying an additional 253 shares in the last quarter. Finally, Country Trust Bank bought a new position in Alaska Air Group in the third quarter worth about $45,000. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Trading Down 2.5%

NYSE:ALK opened at $41.29 on Thursday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 47.46, a PEG ratio of 0.38 and a beta of 1.17. 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 one year low of $37.63 and a one year high of $65.88. The company’s 50-day simple moving average is $51.33 and its 200 day simple moving average is $50.42.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter 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. As a group, analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALK. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Raymond James Financial reissued an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. Citigroup restated a “buy” rating and issued a $69.00 target price (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Wall Street Zen raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Cantor Fitzgerald set a $63.00 price objective on Alaska Air Group in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 14,500 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the sale, the executive vice president directly owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. The trade was a 41.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shane R. Tackett sold 24,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was 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 directly owned 43,377 shares in the company, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,945 shares of company stock valued at $3,204,569 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.