Alaska Air Group (NYSE:ALK) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Alaska Air Group (NYSE:ALK) from a sell rating to a strong sell rating in a research note published on Monday,Wall Street Zen reports.

ALK has been the subject of several other research reports. UBS Group reiterated a “buy” rating and issued a $54.00 target price (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. BMO Capital Markets set a $50.00 price target on Alaska Air Group and gave the company an “outperform” rating in a report on Monday, September 28th. Susquehanna raised their price objective on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Finally, Citigroup lowered their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.62.

Alaska Air Group Price Performance

NYSE:ALK opened at $39.57 on Monday. The stock has a market cap of $4.41 billion, a P/E ratio of -25.20 and a beta of 1.33. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63. The company has a fifty day moving average price of $42.80 and a 200 day moving average price of $43.27. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

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 analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm earned $1.42 EPS. The business’s revenue 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. Analysts anticipate that Alaska Air Group will post -2.28 earnings per share for the current year.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, CEO Benito Minicucci purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction 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 represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new stake in Alaska Air Group in the 3rd quarter valued at $109,000. QRG Capital Management Inc. raised its stake in Alaska Air Group by 10.1% during the second quarter. QRG Capital Management Inc. now owns 6,727 shares of the transportation company’s stock worth $351,000 after acquiring an additional 617 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Alaska Air Group during the second quarter valued at $247,000. Capstone Financial Advisors Inc. lifted its holdings in shares of Alaska Air Group by 4.6% during the second quarter. Capstone Financial Advisors Inc. now owns 30,206 shares of the transportation company’s stock valued at $1,577,000 after acquiring an additional 1,339 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in shares of Alaska Air Group by 1,445.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock valued at $4,551,000 after purchasing an additional 81,545 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.