Alaska Air Group (NYSE:ALK) Stock Price Down 6.4% – Here’s Why

Alaska Air Group, Inc. (NYSE:ALK)’s stock price dropped 6.4% during mid-day trading on Wednesday . The stock traded as low as $42.44 and last traded at $42.2410. Approximately 878,936 shares traded hands during trading, a decline of 78% from the average daily volume of 4,070,463 shares. The stock had previously closed at $45.13.

Wall Street Analyst Weigh In

Several research firms have commented on ALK. Citigroup downgraded shares of Alaska Air Group from a “buy” rating to a “sell” rating and decreased their target price for the stock from $51.00 to $32.00 in a research report on Friday, May 1st. Wall Street Zen raised shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Bank of America decreased their price target on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. The Goldman Sachs Group cut their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, BMO Capital Markets raised their price objective on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Alaska Air Group Stock Performance

The firm has a market capitalization of $4.63 billion, a P/E ratio of 78.60 and a beta of 1.29. The stock has a 50-day moving average of $40.61 and a 200 day moving average of $45.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, research analysts anticipate that Alaska Air Group, Inc. will post -1.01 earnings per share for the current year.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group in the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group in the third quarter valued at approximately $28,000. AlphaQuest LLC acquired a new position in Alaska Air Group in the third quarter valued at approximately $34,000. First Command Advisory Services Inc. lifted its holdings in Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after buying an additional 485 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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.