3,227,329 Shares in Alaska Air Group, Inc. $ALK Purchased by Primecap Management Co. CA

Primecap Management Co. CA purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,227,329 shares of the transportation company's stock, valued at approximately $168,467,000. Primecap Management Co. CA owned approximately 2.90% of Alaska Air Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ALK. Atlas Capital Advisors Inc. acquired a new stake in shares of Alaska Air Group in the fourth quarter worth approximately $26,000. First Command Advisory Services Inc. raised its stake in Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company's stock valued at $34,000 after purchasing an additional 485 shares during the last quarter. Compound Global Advisors LLC acquired a new position in Alaska Air Group in the 2nd quarter valued at $39,000. Cedar Mountain Advisors LLC lifted its holdings in Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company's stock valued at $44,000 after purchasing an additional 761 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company's stock valued at $46,000 after purchasing an additional 212 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares of the company's stock, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Benito Minicucci bought 25,000 shares of the company's 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 acquisition, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. The trade was a 10.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALK. Zacks Research raised shares of Alaska Air Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 6th. Cantor Fitzgerald set a $46.00 price target on shares of Alaska Air Group in a research note on Monday. Susquehanna boosted their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a "positive" rating in a research report on Tuesday, July 7th. TD Cowen reaffirmed a "buy" rating and set a $46.00 price objective (down from $59.00) on shares of Alaska Air Group in a research note on Monday. Finally, Bank of America increased their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.88.

Alaska Air Group Stock Performance

NYSE ALK opened at $43.37 on Wednesday. The stock has a market cap of $4.83 billion, a PE ratio of -27.63 and a beta of 1.29. 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, Inc. has a twelve month low of $33.03 and a twelve month high of $65.88. The stock has a fifty day simple moving average of $47.82 and a 200-day simple moving average of $45.18.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts' consensus estimates of ($0.99) by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. Alaska Air Group's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities analysts anticipate that Alaska Air Group, Inc. will post -1.22 earnings per share for the current year.

Alaska Air Group 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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