Sei Investments Co. Decreases Stake in Alaska Air Group, Inc. $ALK

Sei Investments Co. reduced its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 32.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,145 shares of the transportation company’s stock after selling 22,052 shares during the quarter. Sei Investments Co.’s holdings in Alaska Air Group were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. boosted its holdings in shares of 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 worth $34,000 after buying an additional 485 shares during the last quarter. SBI Securities Co. Ltd. grew 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 valued at $46,000 after buying an additional 212 shares during the period. Parallel Advisors LLC grew its position in Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after buying an additional 385 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Alaska Air Group during the third quarter valued at approximately $90,000. 81.90% of the stock is currently owned by institutional investors.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ALK has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Citigroup reduced 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. JPMorgan Chase & Co. decreased their target price on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Wall Street Zen downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Eleven investment 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, the stock has an average rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Trading Down 5.3%

Shares of Alaska Air Group stock opened at $47.32 on Tuesday. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. 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 business has a 50-day moving average price of $48.03 and a 200-day moving average price of $45.80. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of -30.14 and a beta of 1.29.

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

Alaska Air Group 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.