Legal & General Group Plc Invests $4.80 Million in Alaska Air Group, Inc. $ALK

Legal & General Group Plc bought a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 91,938 shares of the transportation company’s stock, valued at approximately $4,799,000.

A number of other large investors also recently made changes to their positions in ALK. Brighton Jones LLC grew its position in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of 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 worth $16,747,000 after buying an additional 152,953 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Alaska Air Group in the first quarter valued at approximately $1,318,000. Finally, Invesco Ltd. grew its holdings 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. 81.90% of the stock is owned by institutional investors.

Insider Transactions at Alaska Air Group

In other news, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the purchase, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Harrison sold 5,300 shares of the company’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 sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ALK. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Cantor Fitzgerald set a $46.00 target price on Alaska Air Group in a research note on Monday, August 24th. Susquehanna boosted their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. UBS Group restated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Finally, 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. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $41.39 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $46.68 and a two-hundred day simple moving average of $44.40. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -26.36 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The business’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. Analysts anticipate that Alaska Air Group, Inc. will post -1.76 earnings per share for the current year.

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.