American Century Companies Inc. Reduces Stock Holdings in Alaska Air Group, Inc. $ALK

American Century Companies Inc. cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1.3% during the third quarter, HoldingsChannel reports. The fund owned 3,224,616 shares of the transportation company’s stock after selling 42,003 shares during the period. American Century Companies Inc.’s holdings in Alaska Air Group were worth $160,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Alaska Air Group by 18.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company’s stock valued at $118,203,000 after buying an additional 368,511 shares during the period. Geode Capital Management LLC grew its stake in shares of Alaska Air Group by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,215,697 shares of the transportation company’s stock valued at $109,657,000 after purchasing an additional 77,531 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Alaska Air Group by 10.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,456,129 shares of the transportation company’s stock worth $71,809,000 after acquiring an additional 134,141 shares during the period. Par Capital Management Inc. lifted its holdings in shares of Alaska Air Group by 4.1% in the 2nd quarter. Par Capital Management Inc. now owns 1,119,302 shares of the transportation company’s stock valued at $55,383,000 after buying an additional 43,726 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in Alaska Air Group by 78.4% during the second quarter. Frontier Capital Management Co. LLC now owns 1,009,317 shares of the transportation company’s stock worth $49,941,000 after buying an additional 443,572 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Susquehanna raised their price objective on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. TD Cowen reduced their target price on shares of Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Barclays reissued 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, Bank of America increased their target price on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Insider Buying and Selling

In other news, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 20,977 shares of the company’s stock, valued at $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 14,500 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the transaction, the executive vice president owned 20,195 shares in the company, valued at $1,106,887.95. This represents a 41.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,945 shares of company stock worth $3,204,569 in the last three months. 0.92% of the stock is currently owned by insiders.

Alaska Air Group Price Performance

Shares of ALK opened at $51.55 on Monday. Alaska Air Group, Inc. has a one year low of $37.63 and a one year high of $73.89. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 59.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.16. The stock’s fifty day moving average is $52.26 and its 200-day moving average is $51.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50.

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

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.