Alaska Air Group (NYSE:ALK) EVP Kyle Levine Sells 2,945 Shares of Stock

Alaska Air Group, Inc. (NYSE:ALK) EVP Kyle Levine sold 2,945 shares of Alaska Air Group stock in a transaction that occurred 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 sale, the executive vice president directly owned 20,977 shares in the company, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alaska Air Group Trading Down 2.9%

NYSE:ALK opened at $57.43 on Thursday. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 66.01, a PEG ratio of 0.53 and a beta of 1.21. 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, Inc. has a 1 year low of $37.63 and a 1 year high of $78.08. The business has a fifty day moving average of $51.53 and a 200-day moving average of $51.02.

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

Institutional Investors Weigh In On Alaska Air Group

Large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the period. Empowered Funds LLC boosted its position in shares of Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after buying an additional 152,953 shares during the period. Intech Investment Management LLC acquired a new position in Alaska Air Group during the first quarter valued at $1,318,000. Finally, US Bancorp DE lifted its stake in Alaska Air Group by 3.1% in the 2nd quarter. US Bancorp DE now owns 22,654 shares of the transportation company’s stock worth $1,121,000 after acquiring an additional 672 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALK. Citigroup reaffirmed a “buy” rating and set a $69.00 price target (up from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. Barclays reaffirmed an “overweight” rating and set a $70.00 target price (up previously from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. UBS Group set a $77.00 price target on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Alaska Air Group in a research report on Monday, December 29th. Finally, Susquehanna boosted their target price on shares of Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company 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.