Alaska Air Group (NYSE:ALK) Sets New 52-Week Low - Here's Why

Key Points

• Shares hit a new 52‑week low of $36.56 (last at $36.515), trading down about 6.3% on Friday with roughly 1.88 million shares changing hands.
• Analyst views are mixed: MarketBeat shows a "Moderate Buy" consensus with an average target of $64.82—well above the current price—while several firms have cut targets or ratings (e.g., Wall Street Zen to "sell", TD Cowen lowered its target to $54).
• Mixed fundamentals and insider activity: the company beat quarterly EPS ($0.43 vs. $0.11) but revenue was flat, management guided Q1 FY2026 EPS of -1.50 to -0.50 and FY2026 of 3.50–6.50, and insiders sold about 56,945 shares (~$3.2M) over the last three months.

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $36.56 and last traded at $36.5150, with a volume of 1878053 shares traded. The stock had previously closed at $38.95.

Analyst Ratings Changes

A number of analysts recently weighed in on ALK shares. Cantor Fitzgerald set a $63.00 price objective on Alaska Air Group in a report on Friday, January 30th. Raymond James Financial reaffirmed an "outperform" rating and set a $71.00 target price on shares of Alaska Air Group in a report on Friday, December 19th. Wall Street Zen cut Alaska Air Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. TD Cowen lowered their price objective on Alaska Air Group from $63.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, March 9th. Finally, BMO Capital Markets assumed coverage on Alaska Air Group in a research note on Tuesday. They issued an "outperform" rating and a $50.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.82.

Alaska Air Group Trading Down 6.3%

The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.17. The firm's fifty day moving average is $48.83 and its 200-day moving average is $48.68.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the business posted $0.97 EPS. The business's revenue was up 2.8% compared to the same quarter last year. 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. Equities analysts anticipate that Alaska Air Group, Inc. will post 6.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Andrew R. Harrison sold 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the sale, the executive vice president owned 30,828 shares of the company's stock, valued at $1,745,789.64. This trade represents a 15.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the sale, the executive vice president owned 20,977 shares of the company's stock, valued at $1,259,039.54. This represents a 12.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alaska Air Group

Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its holdings in Alaska Air Group by 40.1% in the third quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company's stock worth $8,642,000 after acquiring an additional 49,663 shares in the last quarter. CM Management LLC bought a new position in shares of Alaska Air Group in the 3rd quarter worth $1,244,000. JPMorgan Chase & Co. increased its stake in Alaska Air Group by 29.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company's stock valued at $10,263,000 after purchasing an additional 46,445 shares in the last quarter. Arista Wealth Management LLC acquired a new position in Alaska Air Group during the third quarter worth $417,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Alaska Air Group in the third quarter valued at $4,194,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Company 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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