Alaska Air Group, Inc. $ALK Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK) by 96.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,751 shares of the transportation company’s stock after selling 72,806 shares during the quarter. Strs Ohio’s holdings in Alaska Air Group were worth $138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position 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 worth $42,000 after purchasing an additional 253 shares during the last quarter. Great Lakes Advisors LLC grew its position in Alaska Air Group by 0.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 40,564 shares of the transportation company’s stock worth $2,019,000 after purchasing an additional 277 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Alaska Air Group by 3.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,814 shares of the transportation company’s stock worth $594,000 after purchasing an additional 387 shares during the last quarter. Plan Group Financial LLC grew its position in Alaska Air Group by 2.7% in the 3rd quarter. Plan Group Financial LLC now owns 15,251 shares of the transportation company’s stock worth $759,000 after purchasing an additional 399 shares during the last quarter. Finally, Auxier Asset Management grew its position in Alaska Air Group by 5.3% in the 2nd quarter. Auxier Asset Management now owns 8,005 shares of the transportation company’s stock worth $396,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ALK. TD Cowen decreased their target price on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Weiss Ratings cut shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Evercore set a $60.00 target price on shares of Alaska Air Group in a research report on Friday, April 17th. The Goldman Sachs Group decreased their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Bank of America decreased their target price on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.85.

Insider Activity at Alaska Air Group

In other news, CFO Shane R. Tackett sold 24,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the transaction, the chief financial officer directly owned 43,377 shares in the company, valued at $2,478,995.55. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 14,500 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $54.81, for a total transaction of $794,745.00. Following the completion of the transaction, the executive vice president owned 20,195 shares of the company’s stock, valued at $1,106,887.95. This trade represents a 41.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 44,000 shares of company stock valued at $2,477,810 over the last quarter. Insiders own 1.00% of the company’s stock.

Alaska Air Group Trading Down 0.9%

Alaska Air Group stock opened at $38.72 on Wednesday. The firm has a 50 day simple moving average of $40.27 and a 200-day simple moving average of $45.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. The stock has a market capitalization of $4.31 billion, a PE ratio of 73.06 and a beta of 1.25. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, equities research analysts expect that Alaska Air Group, Inc. will post -0.95 EPS for the current fiscal year.

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.