Heartland Advisors Inc. Sells 85,000 Shares of Alaska Air Group, Inc. $ALK

Heartland Advisors Inc. lowered its position in shares of Alaska Air Group, Inc. (NYSE:ALK) by 80.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,990 shares of the transportation company’s stock after selling 85,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Alaska Air Group were worth $1,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its stake in Alaska Air Group by 78.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,009,317 shares of the transportation company’s stock valued at $49,941,000 after buying an additional 443,572 shares during the period. Norges Bank bought a new position in shares of Alaska Air Group during the second quarter worth approximately $21,485,000. Massachusetts Financial Services Co. MA raised its holdings in Alaska Air Group by 18.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,374,501 shares of the transportation company’s stock valued at $118,203,000 after acquiring an additional 368,511 shares in the last quarter. Lodge Hill Capital LLC lifted its position in Alaska Air Group by 45.7% during the third quarter. Lodge Hill Capital LLC now owns 717,800 shares of the transportation company’s stock worth $35,732,000 after purchasing an additional 225,000 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Alaska Air Group during the 3rd quarter worth approximately $9,492,000. Institutional investors own 81.90% of the company’s stock.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Kyle B. Levine sold 2,945 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total transaction of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 14,500 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the transaction, the executive vice president owned 20,195 shares in the company, valued at approximately $1,106,887.95. The trade was a 41.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,445 shares of company stock valued at $1,521,504. Corporate insiders own 1.00% of the company’s stock.

Alaska Air Group Trading Up 3.3%

NYSE ALK opened at $57.08 on Wednesday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 65.61, a P/E/G ratio of 0.50 and a beta of 1.21. The business has a 50 day simple moving average of $52.07 and a 200 day simple moving average of $51.08. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. Alaska Air Group, Inc. has a one year low of $37.63 and a one year high of $78.08.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Research analysts expect that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Wall Street Analyst Weigh In

ALK has been the topic of a number of research analyst reports. Susquehanna raised their price target on shares of Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, January 9th. Wall Street Zen upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. Bank of America upped their price target on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, TD Cowen lowered their price objective on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.40.

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.