Icon Advisers Inc. Co. Sells 13,000 Shares of Alaska Air Group, Inc. $ALK

Icon Advisers Inc. Co. cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 14.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the transportation company’s stock after selling 13,000 shares during the quarter. Icon Advisers Inc. Co. owned approximately 0.07% of Alaska Air Group worth $3,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALK. Allianz Asset Management GmbH lifted its position in shares of Alaska Air Group by 40.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock worth $8,642,000 after purchasing an additional 49,663 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Alaska Air Group during the second quarter valued at approximately $594,000. Summit Investment Advisors Inc. purchased a new position in Alaska Air Group during the first quarter valued at approximately $1,192,000. Arista Wealth Management LLC bought a new position in Alaska Air Group in the third quarter worth approximately $417,000. Finally, Friedenthal Financial bought a new position in Alaska Air Group in the third quarter worth approximately $979,000. 81.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALK has been the topic of several recent research reports. Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a research report on Friday, January 30th. Bank of America boosted their price target on Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Susquehanna upped their price objective on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, UBS Group set a $77.00 target price on Alaska Air Group and gave the company a “buy” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Price Performance

Shares of ALK opened at $42.36 on Friday. The company has a 50 day moving average of $51.81 and a two-hundred day moving average of $50.77. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. Alaska Air Group, Inc. has a twelve month low of $37.63 and a twelve month high of $65.88. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) 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 business had revenue of $3.63 billion for 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 business’s quarterly revenue was up 2.8% on a year-over-year basis. 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. As a group, analysts predict that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction dated 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 directly owned 20,977 shares in the company, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the sale, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. This represents a 35.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 56,945 shares of company stock worth $3,204,569 in the last ninety days. 1.00% of the stock is owned by insiders.

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.