Hara Capital LLC bought a new stake in Alaska Air Group, Inc. (NYSE:ALK – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,665 shares of the transportation company’s stock, valued at approximately $1,288,000.
Several other hedge funds also recently modified their holdings of the stock. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group in the 4th quarter valued at $26,000. First Command Advisory Services Inc. boosted its holdings in Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after acquiring an additional 485 shares during the last quarter. Compound Global Advisors LLC bought a new stake in shares of Alaska Air Group in the 2nd quarter worth $39,000. Cedar Mountain Advisors LLC grew its stake in shares of Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after acquiring an additional 761 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.
Insider Buying and Selling at Alaska Air Group
In other news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction that occurred on 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 directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.
Alaska Air Group Trading Down 2.6%
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Alaska Air Group, Inc. will post -1.22 EPS for the current year.
Analyst Ratings Changes
ALK has been the topic of a number of recent analyst reports. BMO Capital Markets raised 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. JPMorgan Chase & Co. reduced their price objective on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 13th. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.65.
View Our Latest Stock Analysis on ALK
Alaska Air Group Profile
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.
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