Alaska Air Group (NYSE:ALK) Raised to “Sell” at Wall Street Zen

Alaska Air Group (NYSE:ALK) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Sunday, Wall Street Zen reports.

ALK has been the topic of a number of other research reports. Susquehanna raised their price target on Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Cantor Fitzgerald set a $46.00 price objective on Alaska Air Group in a report on Monday, August 24th. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Barclays set a $52.00 target price on Alaska Air Group and gave the stock an “overweight” rating in a research report on Friday, September 11th. Finally, JPMorgan Chase & Co. cut their target price on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.31.

Alaska Air Group Trading Down 3.1%

Shares of ALK opened at $39.68 on Friday. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $60.63. The company has a market capitalization of $4.42 billion, a P/E ratio of -25.27 and a beta of 1.28. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The firm’s 50 day simple moving average is $43.72 and its 200 day simple moving average is $43.23.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Sell-side analysts forecast that Alaska Air Group will post -1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer directly owned 256,582 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Also, EVP Andrew Harrison sold 5,300 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new position in Alaska Air Group during the 2nd quarter valued at $1,407,000. Engineers Gate Manager LP lifted its position in shares of Alaska Air Group by 1,445.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock worth $4,551,000 after purchasing an additional 81,545 shares during the period. Amundi bought a new stake in shares of Alaska Air Group during the 1st quarter valued at about $2,205,000. Public Employees Retirement System of Ohio purchased a new position in shares of Alaska Air Group during the second quarter valued at about $2,230,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in Alaska Air Group by 62.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 156,859 shares of the transportation company’s stock worth $7,890,000 after buying an additional 60,204 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company whose principal subsidiaries include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. The company provides scheduled passenger and air cargo transportation, along with related services such as aircraft maintenance and ground handling through affiliated businesses.

Alaska Airlines serves destinations throughout the United States, Canada, Mexico, Costa Rica and other parts of North America, while Hawaiian Airlines connects the Hawaiian Islands with the U.S.