Alaska Air Group, Inc. $ALK Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in Alaska Air Group, Inc. (NYSE:ALK) by 1,445.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 87,187 shares of the transportation company’s stock after buying an additional 81,545 shares during the quarter. Engineers Gate Manager LP’s holdings in Alaska Air Group were worth $4,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC grew its holdings in Alaska Air Group by 1.0% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock worth $1,305,000 after acquiring an additional 249 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in Alaska Air Group by 2.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 281 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Alaska Air Group by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock worth $864,000 after purchasing an additional 300 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Alaska Air Group by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after purchasing an additional 313 shares in the last quarter. Finally, Aspire Capital Advisors LLC grew its stake in shares of Alaska Air Group by 4.2% during the 2nd quarter. Aspire Capital Advisors LLC now owns 9,397 shares of the transportation company’s stock worth $491,000 after purchasing an additional 375 shares during the period. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALK has been the subject of a number of research analyst reports. Cantor Fitzgerald set a $46.00 price target on shares of Alaska Air Group in a report on Monday, August 24th. Citigroup decreased their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday, July 24th. The Goldman Sachs Group restated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Susquehanna increased their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Finally, BMO Capital Markets lifted their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.12.

Alaska Air Group Trading Up 2.7%

NYSE:ALK opened at $41.18 on Friday. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $45.37 and a 200-day simple moving average of $43.91. The company has a market capitalization of $4.59 billion, a PE ratio of -26.23 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data 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 firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post -1.74 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In related news, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. The trade was a 10.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Alaska Air Group Company Profile

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.