Heartland Advisors Inc. Sells 85,000 Shares of Alaska Air Group, Inc. $ALK

Heartland Advisors Inc. cut its stake in Alaska Air Group, Inc. (NYSE:ALK) by 80.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,990 shares of the transportation company’s stock after selling 85,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Alaska Air Group were worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in ALK. MAI Capital Management lifted its position in shares of Alaska Air Group by 80.5% during the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock worth $31,000 after buying an additional 280 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth $34,000. Smartleaf Asset Management LLC increased its stake 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 worth $42,000 after purchasing an additional 253 shares in the last quarter. Country Trust Bank bought a new stake in Alaska Air Group during the 3rd quarter valued at $45,000. Finally, Rexford Capital Inc. bought a new stake in shares of Alaska Air Group during the 2nd quarter valued at $49,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Price Performance

ALK opened at $57.08 on Wednesday. The stock has a 50-day moving average price of $52.07 and a 200-day moving average price of $51.08. Alaska Air Group, Inc. has a 12-month low of $37.63 and a 12-month high of $78.08. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $6.62 billion, a P/E ratio of 65.61, a PEG ratio of 0.50 and a beta of 1.21.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate 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 was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. 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 fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group set a $77.00 price objective on shares of Alaska Air Group and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. Weiss Ratings cut shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Citigroup reiterated a “buy” rating and issued a $69.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.40.

Insider Activity at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 14,500 shares of Alaska Air Group 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 directly owned 20,195 shares in the company, valued at approximately $1,106,887.95. This trade represents a 41.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 33,530 shares of the company’s stock, valued at $1,844,150. The trade was a 22.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,445 shares of company stock worth $1,521,504 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.