Alaska Air Group (NYSE:ALK) Shares Gap Up After Insider Buying Activity

Alaska Air Group, Inc. (NYSE:ALK) shares gapped up before the market opened on Monday following insider buying activity. The stock had previously closed at $40.41, but opened at $42.45. Alaska Air Group shares last traded at $41.1990, with a volume of 400,970 shares traded.

Specifically, CEO Benito Minicucci bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the purchase, the chief executive officer owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

ALK has been the subject of several analyst reports. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Citigroup dropped their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group reissued a “buy” rating and set a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a research note on Monday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Alaska Air Group in a report on Monday. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.35.

Alaska Air Group Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of -26.25 and a beta of 1.29. The stock’s fifty day moving average is $48.09 and its 200-day moving average is $45.36.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post -1.22 EPS for the current year.

Institutional Trading of Alaska Air Group

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Alaska Air Group by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after buying an additional 249 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of Alaska Air Group by 2.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after buying an additional 281 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Alaska Air Group by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after acquiring an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Alaska Air Group by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after acquiring an additional 313 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.