Key Points
- CEO Benito Minicucci purchased 25,000 Alaska Air shares at an average price of $40.06, investing about $1.0 million and increasing his direct stake by 10.8% to 256,582 shares.
- Alaska Air reported a quarterly loss of $0.92 per share, better than the $0.99 expected, while revenue rose 9.7% year over year to $4.07 billion but slightly missed estimates. Analysts expect the company to remain unprofitable for the full year.
- The stock opened at $40.46, well below its 12-month high of $65.88. Despite mixed analyst opinions, the shares carry a consensus “Moderate Buy” rating and an average price target of $65.65.
Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) CEO Benito Minicucci bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the purchase, the chief executive officer directly 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Alaska Air Group Stock Performance
NYSE ALK opened at $40.46 on Friday. The business's 50-day moving average price is $48.09 and its 200 day moving average price is $45.41. 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, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The company has a market capitalization of $4.51 billion, a PE ratio of -25.77 and a beta of 1.29.
Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the previous year, the business earned $1.42 EPS. The firm's revenue 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. On average, research analysts predict that Alaska Air Group, Inc. will post -1.22 earnings per share for the current year.
Analysts Set New Price Targets
ALK has been the subject of several research analyst reports. Wall Street Zen raised shares of Alaska Air Group from a "strong sell" rating to a "sell" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. decreased 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 report on Friday, July 24th. Citigroup lowered their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a "sell" rating for the company in a research note on Friday, July 24th. Zacks Research upgraded Alaska Air Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets increased their target price on Alaska Air Group from $55.00 to $62.50 and gave the stock an "outperform" rating in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.65.
Check Out Our Latest Stock Analysis on ALK
Hedge Funds Weigh In On Alaska Air Group
A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Empowered Funds LLC increased its holdings in Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company's stock valued at $316,000 after purchasing an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Alaska Air Group by 81.7% in the 1st 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 purchasing an additional 152,953 shares in the last quarter. Intech Investment Management LLC purchased a new position in Alaska Air Group in the first quarter valued at about $1,318,000. Finally, Invesco Ltd. raised its position in Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company's stock valued at $17,690,000 after purchasing an additional 9,307 shares during the period. Hedge funds and other institutional investors own 81.90% of the company's stock.
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.
Alaska Air Group Company Profile
(
Get Free Report)
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.
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