Alaska Air Group (NYSE:ALK) Stock Rating Lowered by Wall Street Zen

Alaska Air Group (NYSE:ALK) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts also recently commented on the stock. Bank of America raised their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Cantor Fitzgerald set a $46.00 price target on Alaska Air Group in a research note on Monday, August 24th. JPMorgan Chase & Co. decreased their price target on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $46.00 price target (down from $59.00) on shares of Alaska Air Group in a report on Monday, August 24th. Finally, Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Ten 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.12.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $40.53 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $60.63. The company has a market cap of $4.52 billion, a PE ratio of -25.82 and a beta of 1.28. The firm’s 50-day moving average price is $44.46 and its 200-day moving average price is $43.41.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, analysts anticipate that Alaska Air Group will post -1.74 EPS for the current year.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Benito Minicucci acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in shares of Alaska Air Group in the 2nd quarter worth $1,407,000. Amundi bought a new stake in shares of Alaska Air Group in the 1st quarter worth about $2,205,000. Engineers Gate Manager LP raised its position in shares of Alaska Air Group by 1,445.3% during the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock valued at $4,551,000 after buying an additional 81,545 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Alaska Air Group during the 2nd quarter valued at about $2,230,000. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Alaska Air Group by 62.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 156,859 shares of the transportation company’s stock valued at $7,890,000 after acquiring an additional 60,204 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company whose principal subsidiaries include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. The company provides scheduled passenger and air cargo transportation, along with related services such as aircraft maintenance and ground handling through affiliated businesses.

Alaska Airlines serves destinations throughout the United States, Canada, Mexico, Costa Rica and other parts of North America, while Hawaiian Airlines connects the Hawaiian Islands with the U.S.