Alaska Air Group (NYSE:ALK) EVP Andrew Harrison Sells 5,300 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Alaska Air Group Stock Performance

NYSE:ALK opened at $52.62 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of -33.52 and a beta of 1.29. The company’s 50-day moving average is $47.70 and its two-hundred day moving average is $45.78. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts forecast that Alaska Air Group, Inc. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ALK shares. BMO Capital Markets increased their price target on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Bank of America boosted their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. UBS Group reaffirmed a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Finally, Barclays set a $65.00 target price on shares of Alaska Air Group and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus price target of $65.65.

Institutional Trading of Alaska Air Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock valued at $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after buying an additional 145,484 shares during the period. Capital Research Global Investors grew its stake in shares of Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after acquiring an additional 1,475,350 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Alaska Air Group by 24.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after acquiring an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Alaska Air Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after acquiring an additional 35,352 shares during the period. Institutional investors and hedge funds own 81.90% 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.