Alaska Air Group (NYSE:ALK) CEO Benito Minicucci Purchases 25,000 Shares

Alaska Air Group, Inc. (NYSE:ALK) CEO Benito Minicucci acquired 25,000 shares of Alaska Air Group stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the purchase, the chief executive officer directly 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Alaska Air Group Stock Up 0.7%

ALK stock opened at $40.46 on Friday. The company has a market cap of $4.51 billion, a P/E ratio of -25.77 and a beta of 1.29. Alaska Air Group, Inc. has a 52 week low of $33.03 and a 52 week high of $65.88. The company’s 50-day moving average price is $48.09 and its 200 day moving average price is $45.41. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.09 billion. During the same period last year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts expect that Alaska Air Group, Inc. will post -1.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ALK. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 13th. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. TD Cowen restated a “buy” rating and set a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, Susquehanna increased their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. 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, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Trending Headlines about 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.

Institutional Trading of Alaska Air Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALK. ARGA Investment Management LP grew its holdings in shares of Alaska Air Group by 200.3% during the fourth quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after buying an additional 503,167 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Alaska Air Group by 60.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after buying an additional 26,310 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Alaska Air Group during the second quarter worth approximately $1,407,000. Vanguard Group Inc. boosted its position in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the last quarter. Finally, Amundi purchased a new stake in Alaska Air Group in the 1st quarter worth approximately $2,205,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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.