Alaska Air Group (NYSE:ALK) Stock Price Down 6.4% – Here’s What Happened

Posted by Brenda Bartman on Jun 12th, 2026

Alaska Air Group, Inc. (NYSE:ALK – Get Free Report)’s stock price fell 6.4% during mid-day trading on Wednesday . The company traded as low as $42.44 and last traded at $42.2410. 878,936 shares changed hands during trading, a decline of 78% from the average session volume of 4,070,463 shares. The stock had previously closed at $45.13.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALK. Evercore set a $60.00 price target on shares of Alaska Air Group in a research note on Friday, April 17th. UBS Group boosted their price target on shares of Alaska Air Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research note on Friday, June 5th. Bank of America cut their price target on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Check Out Our Latest Report on ALK

Alaska Air Group Stock Performance

The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 87.94 and a beta of 1.29. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $40.95 and a 200 day moving average price of $45.80.

Alaska Air Group (NYSE:ALK – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm posted ($0.77) earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post -1.01 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Generate Investment Management Ltd acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $40,240,000. ARGA Investment Management LP boosted its holdings in Alaska Air Group by 200.3% in the fourth quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock valued at $37,942,000 after purchasing an additional 503,167 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Alaska Air Group by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock valued at $10,263,000 after purchasing an additional 46,445 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Alaska Air Group in the third quarter valued at approximately $4,194,000. Finally, CM Management LLC acquired a new position in Alaska Air Group in the third quarter valued at approximately $1,244,000. 81.90% of the stock is owned by institutional investors and hedge funds.

About Alaska Air Group

(Get Free Report)

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.