Alaska Air Group, Inc. $ALK Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 328,177 shares of the transportation company’s stock after selling 13,774 shares during the quarter. Rhumbline Advisers’ holdings in Alaska Air Group were worth $16,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ALK. Frontier Capital Management Co. LLC lifted its holdings in shares of Alaska Air Group by 78.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,009,317 shares of the transportation company’s stock worth $49,941,000 after acquiring an additional 443,572 shares during the period. Norges Bank acquired a new position in Alaska Air Group during the second quarter worth approximately $21,485,000. Massachusetts Financial Services Co. MA increased its position in Alaska Air Group by 18.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company’s stock worth $118,203,000 after purchasing an additional 368,511 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at $9,492,000. Finally, Man Group plc boosted its holdings in shares of Alaska Air Group by 1,154.8% in the 2nd quarter. Man Group plc now owns 197,093 shares of the transportation company’s stock valued at $9,752,000 after purchasing an additional 181,386 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALK has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $69.00 target price (up previously from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Bank of America increased 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 report on Tuesday, January 6th. Weiss Ratings lowered shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 13th. Susquehanna boosted their price objective on shares of Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. Finally, UBS Group set a $77.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $71.40.

Alaska Air Group Trading Down 2.1%

Shares of NYSE ALK opened at $55.86 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average price is $52.16 and its two-hundred day moving average price is $51.11. Alaska Air Group, Inc. has a 52-week low of $37.63 and a 52-week high of $78.08. The stock has a market capitalization of $6.40 billion, a P/E ratio of 64.20, a PEG ratio of 0.51 and a beta of 1.21.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business 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, analysts anticipate 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, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction that occurred on Monday, February 9th. The stock was 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 directly owned 20,977 shares in the company, valued at $1,259,039.54. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 14,500 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the sale, the executive vice president owned 20,195 shares in the company, valued at $1,106,887.95. The trade was a 41.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,445 shares of company stock valued at $1,521,504. Company insiders own 1.00% of the company’s stock.

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.