Benito Minicucci Acquires 25,000 Shares of Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group, Inc. (NYSE:ALK) CEO Benito Minicucci bought 25,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $40.46 on Friday. Alaska Air Group, Inc. has a 1 year low of $33.03 and a 1 year high of $65.88. The firm has a market cap of $4.51 billion, a P/E ratio of -25.77 and a beta of 1.29. The stock has a fifty day moving average price of $48.09 and a two-hundred day moving average price of $45.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion for 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%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts forecast that Alaska Air Group, Inc. will post -1.22 EPS for the current fiscal year.

More Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: CEO Benito Minicucci purchased 25,000 Alaska Air shares at an average price of $40.06, investing approximately $1 million and increasing his direct ownership by 10.8%. The sizable open-market purchase may support investor confidence that management views the selloff as an attractive entry point. Alaska Air CEO share purchase article
• Positive Sentiment: Alaska Airlines plans to add nonstop Seattle flights to Athens and Paris in 2027. The new routes expand its long-haul network and could create additional revenue opportunities while strengthening Seattle as a global gateway. Alaska Airlines Athens and Paris routes article
• Neutral Sentiment: The stock has declined about 28% over the referenced period and was down 7.1% since its latest earnings report, keeping valuation and management’s insider purchase in focus. The decline also reflects continued concerns about the airline’s earnings outlook.
• Negative Sentiment: Alaska Air’s latest quarterly results showed a loss of $0.92 per share, although that was better than the $0.99 consensus estimate. Revenue increased 9.7% year over year to $4.07 billion but slightly missed expectations, and the company remained unprofitable. Analysts expect a full-year loss, indicating that the new international routes may take time to contribute meaningfully.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ALK. Susquehanna boosted their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Bank of America boosted their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, UBS Group reissued a “buy” rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. 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. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.65.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position 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 during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Alaska Air Group by 1.0% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 249 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in shares of Alaska Air Group by 2.0% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after purchasing an additional 281 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Alaska Air Group by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after purchasing an additional 300 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Alaska Air Group by 0.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after purchasing an additional 313 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.