258,752 Shares of Alaska Air Group, Inc. $ALK Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 258,752 shares of the transportation company’s stock, valued at approximately $10,014,000.

A number of other institutional investors and hedge funds have also modified their holdings of ALK. BlackRock Inc. bought a new position in shares of Alaska Air Group in the 2nd quarter worth $606,307,000. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after purchasing an additional 145,484 shares during the last quarter. Primecap Management Co. CA acquired a new position in Alaska Air Group in the second quarter valued at about $168,467,000. Bank of New York Mellon Corp bought a new position in Alaska Air Group during the second quarter worth about $34,776,000. Finally, Bank of America Corp DE acquired a new position in shares of Alaska Air Group during the 2nd quarter worth about $32,751,000. 81.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ALK. Cantor Fitzgerald set a $46.00 price target on Alaska Air Group in a research note on Monday, August 24th. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the company an “overweight” rating in a report on Friday, September 11th. Susquehanna cut their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.62.

Key Alaska Air Group News

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

• Positive Sentiment: Investors purchased 6,430 call options, about 47% above the typical call volume. This suggests increased speculative interest in a potential rebound, although options activity alone is not a fundamental catalyst.
• Positive Sentiment: Susquehanna lowered its price target to $50 from $55 but maintained a positive rating, implying substantial potential upside from recent levels. Susquehanna lowers Alaska Air Group price target
• Neutral Sentiment: A Zacks article highlighted Alaska Air Group among transportation stocks that could beat quarterly estimates using its Earnings ESP model. However, the article did not provide a new company-specific forecast or material operating update. Zacks transportation stocks earnings article
• Negative Sentiment: Zacks Research cut multiple earnings forecasts, including Q3 2026 EPS to $0.37 from $0.91, Q4 2026 EPS to $0.01 from $0.15, and full-year 2026 EPS to a loss of $2.21 from a loss of $1.54. It also reduced FY2027 EPS to $5.65 from $6.20 and FY2028 EPS to $9.39 from $9.99. These revisions point to weaker near-term profitability and reduced longer-term earnings expectations.
• Negative Sentiment: Citi reiterated its sell rating on Alaska Air, adding to the cautious analyst sentiment. Citi maintains sell rating on Alaska Air

Alaska Air Group Stock Up 0.3%

NYSE ALK traded up $0.11 during trading hours on Thursday, reaching $39.70. 1,674,945 shares of the company’s stock were exchanged, compared to its average volume of 3,573,127. The company’s 50-day moving average is $42.80 and its two-hundred day moving average is $43.27. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $60.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -25.22 and a beta of 1.33.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post -2.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.