Alaska Air Group, Inc. $ALK Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,778 shares of the transportation company’s stock after selling 19,315 shares during the quarter. Principal Financial Group Inc.’s holdings in Alaska Air Group were worth $13,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ellis Investment Partners LLC boosted its position in shares of Alaska Air Group by 0.5% during the 3rd quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock worth $2,035,000 after purchasing an additional 212 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Alaska Air Group by 3.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,237 shares of the transportation company’s stock valued at $358,000 after purchasing an additional 232 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Alaska Air Group by 19.9% in the third quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 232 shares during the period. Lesa Sroufe & Co lifted its stake in shares of Alaska Air Group by 0.7% in the third quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock valued at $1,821,000 after purchasing an additional 242 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Alaska Air Group by 6.0% during the third quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock worth $218,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cantor Fitzgerald set a $63.00 target price on shares of Alaska Air Group in a report on Friday, January 30th. TD Cowen dropped their price objective on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alaska Air Group in a report on Monday, December 29th. Citigroup reissued a “buy” rating and issued a $69.00 target price (up previously from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Finally, Raymond James Financial restated an “outperform” rating and issued a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $71.40.

Alaska Air Group Price Performance

ALK stock opened at $59.21 on Wednesday. The stock’s 50 day moving average price is $51.29 and its 200 day moving average price is $50.98. The firm has a market cap of $6.87 billion, a P/E ratio of 68.06, a PEG ratio of 0.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. Alaska Air Group, Inc. has a 1 year low of $37.63 and a 1 year high of $78.08.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.Alaska Air Group’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. On average, sell-side analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the chief financial officer directly owned 33,530 shares of the company’s stock, valued at $1,844,150. This trade represents a 22.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company’s stock.

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.