LSV Asset Management Purchases 35,300 Shares of Alaska Air Group, Inc. $ALK

LSV Asset Management raised its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 181.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,799 shares of the transportation company’s stock after purchasing an additional 35,300 shares during the quarter. LSV Asset Management’s holdings in Alaska Air Group were worth $2,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Ellis Investment Partners LLC lifted its stake in shares of Alaska Air Group by 0.5% during the 3rd quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock valued at $2,035,000 after buying an additional 212 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Alaska Air Group by 19.9% in the third quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock worth $70,000 after acquiring an additional 232 shares during the period. Lesa Sroufe & Co boosted its holdings in shares of Alaska Air Group by 0.7% in the third quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock worth $1,821,000 after acquiring an additional 242 shares during the period. GAMMA Investing LLC grew its position in shares of Alaska Air Group by 6.0% in the third quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 249 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 0.9%

Shares of ALK opened at $55.20 on Tuesday. Alaska Air Group, Inc. has a 1-year low of $37.63 and a 1-year high of $78.08. The company has a market capitalization of $6.33 billion, a P/E ratio of 63.44, a P/E/G ratio of 0.50 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The firm’s 50 day simple moving average is $51.92 and its 200 day simple moving average is $51.04.

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

Insider Activity

In other news, CFO Shane R. Tackett sold 10,000 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the transaction, the chief financial officer directly owned 33,530 shares in the company, valued at approximately $1,844,150. This represents a 22.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares in the company, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALK shares. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Susquehanna raised their price objective on shares of Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, January 9th. Weiss Ratings cut shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. 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 note on Tuesday, January 6th. Finally, Cantor Fitzgerald set a $63.00 price target on shares of Alaska Air Group in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.40.

Alaska Air Group 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.