Hara Capital LLC Takes $1.29 Million Position in Alaska Air Group, Inc. $ALK

Hara Capital LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 24,665 shares of the transportation company’s stock, valued at approximately $1,288,000.

Several other large investors also recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. bought a new stake in Alaska Air Group in the 4th quarter valued at about $26,000. First Command Advisory Services Inc. boosted its position in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares during the period. Compound Global Advisors LLC purchased a new position in shares of Alaska Air Group in the second quarter worth about $39,000. Cedar Mountain Advisors LLC increased its stake in shares of Alaska Air Group by 963.3% in the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after purchasing an additional 761 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $40.16 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of -25.58 and a beta of 1.29. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock’s 50-day simple moving average is $48.23 and its two-hundred day simple moving average is $45.45. Alaska Air Group, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. 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, Inc. will post -1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALK. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Bank of America increased their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.65.

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.