Clear Harbor Asset Management LLC Takes Position in Alaska Air Group, Inc. $ALK

Clear Harbor Asset Management LLC purchased a new position in shares of Alaska Air Group, Inc. (NYSE:ALK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,230 shares of the transportation company’s stock, valued at approximately $1,004,000.

A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Empowered Funds LLC boosted its position in Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after buying an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after buying an additional 152,953 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Alaska Air Group during the first quarter valued at about $1,318,000. Finally, Invesco Ltd. increased its holdings in shares of Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock worth $17,690,000 after buying an additional 9,307 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Analyst Ratings Changes

ALK has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. UBS Group restated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price target on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Barclays set a $65.00 price objective on Alaska Air Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.65.

Alaska Air Group Price Performance

ALK stock opened at $40.46 on Friday. The firm’s 50-day moving average price is $48.09 and its two-hundred day moving average price is $45.41. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of -25.77 and a beta of 1.29. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion during 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%. Alaska Air Group’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, equities analysts predict that Alaska Air Group, Inc. will post -1.22 earnings per share for the current 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.

Insider Buying and Selling

In other news, CEO Benito Minicucci bought 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by corporate insiders.

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.