Heartland Advisors Inc. Acquires Shares of 26,945 Alaska Air Group, Inc. $ALK

Posted by Stanley Muller on Aug 23rd, 2026

Heartland Advisors Inc. bought a new stake in Alaska Air Group, Inc. (NYSE:ALK – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 26,945 shares of the transportation company’s stock, valued at approximately $1,407,000.

Several other large investors have also made changes to their positions in ALK. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group during the 4th quarter worth about $26,000. First Command Advisory Services Inc. grew its stake in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after buying an additional 485 shares during the last quarter. Compound Global Advisors LLC bought a new stake in Alaska Air Group during the second quarter worth about $39,000. Cedar Mountain Advisors LLC increased its holdings in shares of Alaska Air Group by 963.3% during the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after buying an additional 761 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Key Stories Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

Positive Sentiment: CEO Benito Minicucci purchased 25,000 Alaska Air shares at an average price of $40.06, investing approximately $1 million and increasing his direct ownership by 10.8%. The sizable open-market purchase may support investor confidence that management views the selloff as an attractive entry point. Alaska Air CEO share purchase article
Positive Sentiment: Alaska Airlines plans to add nonstop Seattle flights to Athens and Paris in 2027. The new routes expand its long-haul network and could create additional revenue opportunities while strengthening Seattle as a global gateway. Alaska Airlines Athens and Paris routes article
Neutral Sentiment: The stock has declined about 28% over the referenced period and was down 7.1% since its latest earnings report, keeping valuation and management’s insider purchase in focus. The decline also reflects continued concerns about the airline’s earnings outlook.
Negative Sentiment: Alaska Air’s latest quarterly results showed a loss of $0.92 per share, although that was better than the $0.99 consensus estimate. Revenue increased 9.7% year over year to $4.07 billion but slightly missed expectations, and the company remained unprofitable. Analysts expect a full-year loss, indicating that the new international routes may take time to contribute meaningfully.

Alaska Air Group Price Performance

ALK opened at $40.46 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The stock has a market capitalization of $4.51 billion, a P/E ratio of -25.77 and a beta of 1.29. The company’s 50 day simple moving average is $48.09 and its 200-day simple moving average is $45.41. Alaska Air Group, Inc. has a one year low of $33.03 and a one year high of $65.88.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Sell-side analysts anticipate that Alaska Air Group, Inc. will post -1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Susquehanna boosted their target price on 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 reiterated a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. TD Cowen reissued a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. BMO Capital Markets increased their target price on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Finally, Bank of America raised their target price on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Eleven 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.65.

Read Our Latest Stock Analysis on ALK

About Alaska Air Group

(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.