258,752 Shares of Alaska Air Group, Inc. $ALK Bought by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors acquired 258,752 Alaska Air shares worth approximately $10 million, representing about 0.23% of the company. Institutional investors collectively own 81.9% of ALK.
• Analyst sentiment is mixed: the stock has a consensus “Moderate Buy” rating and a $57.62 price target, but Citi maintains a sell rating and several firms have lowered their targets.
• Profitability expectations have weakened: Zacks cut multiple 2026–2028 EPS forecasts, while Alaska Air reported a quarterly loss of $0.92 per share despite beating estimates; shares recently traded near $39.70.

Valeo Financial Advisors LLC bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 258,752 shares of the transportation company's stock, valued at approximately $10,014,000. Valeo Financial Advisors LLC owned approximately 0.23% of Alaska Air Group as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Alaska Air Group in the second quarter valued at $606,307,000. Dimensional Fund Advisors LP increased its holdings in Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company's stock valued at $233,463,000 after buying an additional 145,484 shares during the period. Primecap Management Co. CA bought a new stake in Alaska Air Group in the 2nd quarter valued at $168,467,000. Bank of New York Mellon Corp acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $34,776,000. Finally, Bank of America Corp DE acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $32,751,000. Institutional investors own 81.90% of the company's stock.

Trending Headlines about Alaska Air Group

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

• Positive Sentiment: Investors purchased 6,430 call options, about 47% above the typical call volume. This suggests increased speculative interest in a potential rebound, although options activity alone is not a fundamental catalyst.
• Positive Sentiment: Susquehanna lowered its price target to $50 from $55 but maintained a positive rating, implying substantial potential upside from recent levels. Susquehanna lowers Alaska Air Group price target
• Neutral Sentiment: A Zacks article highlighted Alaska Air Group among transportation stocks that could beat quarterly estimates using its Earnings ESP model. However, the article did not provide a new company-specific forecast or material operating update. Zacks transportation stocks earnings article
• Negative Sentiment: Zacks Research cut multiple earnings forecasts, including Q3 2026 EPS to $0.37 from $0.91, Q4 2026 EPS to $0.01 from $0.15, and full-year 2026 EPS to a loss of $2.21 from a loss of $1.54. It also reduced FY2027 EPS to $5.65 from $6.20 and FY2028 EPS to $9.39 from $9.99. These revisions point to weaker near-term profitability and reduced longer-term earnings expectations.
• Negative Sentiment: Citi reiterated its sell rating on Alaska Air, adding to the cautious analyst sentiment. Citi maintains sell rating on Alaska Air

Analyst Upgrades and Downgrades

ALK has been the topic of several recent research reports. TD Cowen decreased their target price on shares of Alaska Air Group from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Weiss Ratings lowered shares of Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. Citigroup decreased their price objective on Alaska Air Group from $47.00 to $37.00 and set a "sell" rating on the stock in a report on Friday, July 24th. UBS Group reiterated a "buy" rating and issued a $54.00 price objective (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. Finally, Raymond James Financial reissued an "outperform" rating on shares of Alaska Air Group in a report on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Alaska Air Group has an average rating of "Moderate Buy" and a consensus price target of $57.62.

Insider Buying and Selling

In related news, EVP Andrew Harrison sold 5,300 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Benito Minicucci acquired 25,000 shares of Alaska Air Group stock in a transaction on 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 acquisition, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.00% of the company's stock.

Alaska Air Group Price Performance

Shares of ALK traded up $0.11 on Thursday, hitting $39.70. The company's stock had a trading volume of 1,674,945 shares, compared to its average volume of 3,573,127. The company has a market capitalization of $4.42 billion, a PE ratio of -25.22 and a beta of 1.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. Alaska Air Group, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $60.63. The company has a 50 day moving average price of $42.80 and a 200 day moving average price of $43.27.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts' consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations 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 was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts anticipate that Alaska Air Group, Inc. will post -2.28 earnings per share for the current fiscal year.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.

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