Alaska Air Group (NYSE:ALK) Hits New 52-Week Low – Here’s What Happened

Alaska Air Group, Inc. (NYSE:ALK)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $36.56 and last traded at $36.5150, with a volume of 1878053 shares traded. The stock had previously closed at $38.95.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ALK shares. Susquehanna lifted their target price on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. UBS Group reduced their price objective on shares of Alaska Air Group from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. BMO Capital Markets assumed coverage on shares of Alaska Air Group in a report on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 price objective on the stock. Bank of America raised their target price on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Cantor Fitzgerald set a $63.00 target price on shares of Alaska Air Group in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.82.

Alaska Air Group Stock Down 7.0%

The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a market cap of $4.15 billion, a P/E ratio of 41.62, a PEG ratio of 0.38 and a beta of 1.17. The firm has a 50-day simple moving average of $48.56 and a two-hundred day simple moving average of $48.40.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the company posted $0.97 earnings per share. Alaska Air Group’s revenue was up 2.8% compared to the same quarter last year. 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. Equities research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other Alaska Air Group news, CFO Shane R. Tackett sold 24,000 shares of Alaska Air Group 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 transaction, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at $2,478,995.55. The trade was a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total value of $311,465.00. Following the sale, the executive vice president owned 30,828 shares of the company’s stock, valued at approximately $1,745,789.64. The trade was a 15.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 56,945 shares of company stock worth $3,204,569. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group during the fourth quarter worth about $26,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $28,000. MAI Capital Management lifted its holdings in shares of Alaska Air Group by 80.5% during the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after acquiring an additional 280 shares during the period. AlphaQuest LLC acquired a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $34,000. Finally, First Command Advisory Services Inc. boosted its position in shares of Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after acquiring an additional 485 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.