Alaska Air Group, Inc. $ALK Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 51.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,252 shares of the transportation company’s stock after selling 15,399 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Alaska Air Group were worth $723,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in Alaska Air Group in the 3rd quarter valued at $28,000. AlphaQuest LLC acquired a new stake in Alaska Air Group in the 3rd quarter valued at $34,000. Smartleaf Asset Management LLC grew its stake in Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 253 shares during the period. Country Trust Bank acquired a new stake in Alaska Air Group in the 3rd quarter valued at $45,000. Finally, Rexford Capital Inc. acquired a new stake in Alaska Air Group in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Trading Up 7.9%

Shares of ALK opened at $39.84 on Thursday. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average is $46.52 and its two-hundred day moving average is $47.12. The stock has a market cap of $4.51 billion, a PE ratio of 45.79, a price-to-earnings-growth ratio of 0.51 and a beta of 1.27.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) 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 company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The firm’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. Research analysts forecast that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Wall Street Zen cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets began coverage on shares of Alaska Air Group in a research note on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. Finally, Cantor Fitzgerald set a $63.00 target price on shares of Alaska Air Group in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.67.

Insider Activity

In other news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the transaction, the executive vice president owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. The trade was a 12.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 14,500 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $54.81, for a total transaction of $794,745.00. Following the transaction, the executive vice president directly owned 20,195 shares in the company, valued at approximately $1,106,887.95. The trade was a 41.79% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 56,945 shares of company stock valued at $3,204,569. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Company 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.