Landscape Capital Management L.L.C. Trims Stock Holdings in Alaska Air Group, Inc. $ALK

Landscape Capital Management L.L.C. lessened its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 34.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 89,044 shares of the transportation company’s stock after selling 46,817 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Alaska Air Group were worth $4,433,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in Alaska Air Group by 1,563.7% during the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after purchasing an additional 1,026,710 shares in the last quarter. Invesco Ltd. boosted its holdings in Alaska Air Group by 129.4% during the 3rd quarter. Invesco Ltd. now owns 820,296 shares of the transportation company’s stock valued at $40,834,000 after acquiring an additional 462,776 shares during the period. Frontier Capital Management Co. LLC grew its position in Alaska Air Group by 78.4% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,009,317 shares of the transportation company’s stock valued at $49,941,000 after acquiring an additional 443,572 shares in the last quarter. Norges Bank purchased a new stake in Alaska Air Group during the second quarter worth about $21,485,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Alaska Air Group by 18.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company’s stock valued at $118,203,000 after purchasing an additional 368,511 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Performance

Shares of ALK traded down $0.20 during midday trading on Friday, reaching $38.45. 833,295 shares of the stock were exchanged, compared to its average volume of 3,833,702. Alaska Air Group, Inc. has a twelve month low of $37.63 and a twelve month high of $65.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 0.40 and a beta of 1.17. The business’s 50-day moving average price is $51.10 and its 200 day moving average price is $50.34.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $3.63 billion for 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%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. 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 EPS for the current fiscal year.

Insider Activity

In other Alaska Air Group news, CFO Shane R. Tackett sold 24,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the transaction, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. This trade represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the transaction, the executive vice president owned 20,977 shares in the company, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,945 shares of company stock valued at $3,204,569 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALK shares. Bank of America raised their price target on shares of Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. TD Cowen decreased their price objective on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Raymond James Financial reissued an “outperform” rating and set a $71.00 price objective on shares of Alaska Air Group in a research report on Friday, December 19th. Cantor Fitzgerald set a $63.00 target price on shares of Alaska Air Group in a report on Friday, January 30th. Finally, Barclays restated an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.50.

About Alaska Air Group

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.