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

Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew Harrison sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alaska Air Group Price Performance

NYSE ALK opened at $52.06 on Thursday. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of -33.16 and a beta of 1.29. The company’s 50 day moving average is $47.82 and its two-hundred day moving average is $45.80. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion for 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 company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, research analysts anticipate that Alaska Air Group, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ALK shares. TD Cowen reaffirmed a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. JPMorgan Chase & Co. lowered their price objective on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Evercore set a $60.00 price objective on Alaska Air Group in a research note on Friday, April 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

Institutional Trading of Alaska Air Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its stake in shares of 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 purchasing an additional 212 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Alaska Air Group by 1.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after buying an additional 249 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in Alaska Air Group by 2.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 281 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Alaska Air Group by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock valued at $864,000 after acquiring an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Alaska Air Group by 0.8% in 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 in the last quarter. 81.90% of the stock is currently owned by institutional investors.

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.