Amundi Acquires New Shares in Alaska Air Group, Inc. $ALK

Key Points

• Amundi acquired 59,956 Alaska Air Group shares in the first quarter, valued at approximately $2.2 million, while institutional investors collectively own 81.9% of the company.
• Alaska Air Group reported a quarterly loss of $0.92 per share, beating estimates of a $0.99 loss, while revenue rose 9.7% year over year to $4.07 billion. The company maintained guidance for third-quarter 2026 EPS of $0.00–$1.00.
• Analysts remain moderately bullish, with an average rating of “Moderate Buy” and a consensus price target of $65.65 versus the stock’s reported $50.66 price; however, an executive recently sold 5,300 shares.

Amundi bought a new position in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 59,956 shares of the transportation company's stock, valued at approximately $2,205,000. Amundi owned approximately 0.05% of Alaska Air Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in Alaska Air Group during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. increased its holdings in shares of 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 acquiring an additional 485 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company's stock worth $46,000 after acquiring an additional 212 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Alaska Air Group by 32.5% during the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company's stock worth $58,000 after purchasing an additional 385 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Alaska Air Group during the 3rd quarter worth $90,000. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Trading Down 2.7%

NYSE ALK opened at $50.66 on Friday. Alaska Air Group, Inc. has a 12-month low of $33.03 and a 12-month high of $65.88. The company has a fifty day simple moving average of $47.90 and a two-hundred day simple moving average of $45.80. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The stock has a market cap of $5.64 billion, a P/E ratio of -32.26 and a beta of 1.29.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts forecast that Alaska Air Group, Inc. will post -0.73 earnings per share for the current year.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 5,300 shares of the company's 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 in the company, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Morgan Stanley reduced their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Wednesday, April 22nd. Barclays set a $65.00 target price on shares of Alaska Air Group and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Evercore set a $60.00 price target on shares of Alaska Air Group in a report on Friday, April 17th. Finally, UBS Group reaffirmed a "buy" rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Eleven 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $65.65.

About Alaska Air Group

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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