Alaska Air Group (NYSE:ALK) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Alaska Air Group (NYSE:ALK) from a sell rating to a strong sell rating in a report issued on Wednesday morning.

ALK has been the subject of a number of other research reports. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Morgan Stanley decreased their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup lowered their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research note on Friday, July 24th. Evercore set a $60.00 target price on shares of Alaska Air Group in a report on Friday, April 17th. Finally, Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Stock Performance

ALK opened at $52.06 on Wednesday. The stock has a market cap of $5.80 billion, a P/E ratio of -33.16 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $47.82 and its 200 day simple moving average is $45.80. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.Alaska Air Group’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, equities analysts anticipate that Alaska Air Group will post -0.73 EPS for the current fiscal year.

Insider Activity

In related news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. ARGA Investment Management LP boosted its stake in Alaska Air Group by 200.3% in the 4th quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after buying an additional 503,167 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after acquiring an additional 588,119 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Alaska Air Group by 60.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after acquiring an additional 26,310 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Alaska Air Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the period. Finally, U S Global Investors Inc. lifted its holdings in shares of Alaska Air Group by 22.8% during the 4th quarter. U S Global Investors Inc. now owns 455,934 shares of the transportation company’s stock worth $22,933,000 after acquiring an additional 84,569 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

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.