Alaska Air Group, Inc. $ALK Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 19,661.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,901 shares of the transportation company’s stock after purchasing an additional 1,229,647 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Alaska Air Group were worth $62,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group during the third quarter worth about $28,000. AlphaQuest LLC acquired a new position in shares of Alaska Air Group during the third quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in shares of Alaska Air Group by 43.2% during 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. SBI Securities Co. Ltd. lifted its stake in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after purchasing an additional 212 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Alaska Air Group by 34.2% during the third quarter. Bessemer Group Inc. now owns 1,588 shares of the transportation company’s stock worth $79,000 after purchasing an additional 405 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Activity

In related news, CFO Shane R. Tackett sold 24,000 shares of the business’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 transaction, the chief financial officer owned 43,377 shares in the company, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total value of $311,465.00. Following the completion of the transaction, the executive vice president owned 30,828 shares in the company, valued at approximately $1,745,789.64. This trade represents a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings cut Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Susquehanna reduced their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group reduced their price objective on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. BMO Capital Markets boosted their price objective on Alaska Air Group from $42.50 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, UBS Group restated a “buy” rating and set a $54.00 price objective (up from $53.00) on shares of Alaska Air Group in a research note on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.85.

Alaska Air Group Trading Up 0.0%

NYSE:ALK opened at $36.96 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88. The business’s 50-day simple moving average is $39.57 and its 200 day simple moving average is $45.58. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 69.73 and a beta of 1.25.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted ($0.77) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, sell-side analysts predict that Alaska Air Group, Inc. will post -1.04 earnings per share for the current fiscal year.

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.