Alaska Air Group, Inc. $ALK Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,504 shares of the transportation company's stock after selling 23,800 shares during the period. First Trust Advisors LP owned 0.17% of Alaska Air Group worth $7,044,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ARGA Investment Management LP boosted its stake in Alaska Air Group by 200.3% in the 4th 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company's stock valued at $149,020,000 after acquiring an additional 588,119 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Alaska Air Group by 60.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company's stock worth $3,528,000 after purchasing an additional 26,310 shares during the period. Daytona Street Capital LLC acquired a new stake in Alaska Air Group in the 4th quarter valued at $3,097,000. Finally, Vanguard Group Inc. raised its position in Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company's stock valued at $556,288,000 after purchasing an additional 110,628 shares during the period. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $47.49 on Monday. 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, Inc. has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The business has a 50 day moving average price of $47.34 and a two-hundred day moving average price of $45.73. The firm has a market cap of $5.29 billion, a PE ratio of -30.25 and a beta of 1.29.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced 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 return on equity of 3.11% and a negative net margin of 1.19%.The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.42 EPS. Alaska Air Group's quarterly revenue was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Sell-side analysts expect that Alaska Air Group, Inc. will post -0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ALK shares. Weiss Ratings downgraded Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, July 20th. Evercore set a $60.00 target price on Alaska Air Group in a report on Friday, April 17th. UBS Group restated a "buy" rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. The Goldman Sachs Group reiterated a "buy" rating and set a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Finally, Susquehanna boosted their target price 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. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.65.

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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