PNC Financial Services Group Inc. Has $667,000 Stake in Alaska Air Group, Inc. $ALK

PNC Financial Services Group Inc. trimmed its stake in Alaska Air Group, Inc. (NYSE:ALK) by 44.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,403 shares of the transportation company’s stock after selling 10,863 shares during the period. PNC Financial Services Group Inc.’s holdings in Alaska Air Group were worth $667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MidWestOne Financial Group Inc. bought a new stake in shares of Alaska Air Group in the 3rd quarter worth about $422,000. Lodge Hill Capital LLC boosted its position in Alaska Air Group by 45.7% in the third quarter. Lodge Hill Capital LLC now owns 717,800 shares of the transportation company’s stock valued at $35,732,000 after buying an additional 225,000 shares in the last quarter. LSV Asset Management grew its stake in Alaska Air Group by 181.0% during the third quarter. LSV Asset Management now owns 54,799 shares of the transportation company’s stock worth $2,728,000 after buying an additional 35,300 shares during the last quarter. Navellier & Associates Inc. increased its holdings in shares of Alaska Air Group by 64.4% during the third quarter. Navellier & Associates Inc. now owns 9,593 shares of the transportation company’s stock worth $478,000 after buying an additional 3,757 shares in the last quarter. Finally, Arista Wealth Management LLC bought a new position in shares of Alaska Air Group in the third quarter valued at approximately $417,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Trading Up 1.7%

NYSE:ALK opened at $55.27 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $73.89. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 63.53, a PEG ratio of 0.49 and a beta of 1.21. The business’s 50-day moving average price is $52.27 and its two-hundred day moving average price is $51.12.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS. 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. On average, equities analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insider Transactions at Alaska Air Group

In other news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the transaction, the executive vice president owned 20,977 shares of the company’s stock, valued at $1,259,039.54. The trade was a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the sale, the chief financial officer owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 56,945 shares of company stock valued at $3,204,569 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALK has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating and set a $69.00 price target (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Bank of America lifted their price target on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Barclays reiterated an “overweight” rating and set a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Finally, Weiss Ratings cut shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average target price of $71.40.

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.