Alaska Air Group (NYSE:ALK) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Alaska Air Group (NYSE:ALK) from a sell rating to a strong sell rating in a research note released on Wednesday morning.

Several other research analysts also recently commented on ALK. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, July 20th. Barclays set a $65.00 price target on Alaska Air Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday, April 17th. The Goldman Sachs Group reissued a “buy” rating and set a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Finally, BMO Capital Markets raised their target price on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Trading Down 1.4%

ALK stock opened at $49.98 on Wednesday. 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 has a 12-month low of $33.03 and a 12-month high of $65.88. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of -31.83 and a beta of 1.29. The business’s 50-day moving average is $47.98 and its 200 day moving average is $45.83.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, sell-side analysts anticipate that Alaska Air Group will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Alaska Air Group

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of 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 valued at $6,276,000 after purchasing an additional 92,416 shares during the period. Empowered Funds LLC boosted its position 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 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% in 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 worth $16,747,000 after acquiring an additional 152,953 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Alaska Air Group during the first quarter worth $1,318,000. Finally, Invesco Ltd. raised its stake 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 valued at $17,690,000 after acquiring an additional 9,307 shares in the last quarter. Institutional investors and hedge funds own 81.90% 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.