Bank of America Corp DE Has $35.51 Million Stock Holdings in Alaska Air Group, Inc. $ALK

Bank of America Corp DE cut its holdings in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 37.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 965,492 shares of the transportation company's stock after selling 577,402 shares during the quarter. Bank of America Corp DE owned about 0.87% of Alaska Air Group worth $35,511,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALK. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. lifted its stake in Alaska Air Group by 242.5% during the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company's stock worth $34,000 after purchasing an additional 485 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings 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 valued at $46,000 after purchasing an additional 212 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company's stock valued at $58,000 after purchasing an additional 385 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Alaska Air Group during the third quarter worth about $90,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group News Summary

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

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $0.91 from $0.40 and its Q4 2026 forecast to $0.15 from a projected loss of $0.38. The firm also improved its FY2026 forecast to a loss of $1.54 per share, compared with its prior estimate of a $2.54 loss. Zacks Research Alaska Air Group estimates
• Positive Sentiment: Some later-period estimates were increased, including Q4 2027 EPS to $1.80 from $1.52, Q1 2028 EPS to $2.60 from $1.06, and Q2 2028 EPS to $2.17 from $1.87. These changes point to expectations for stronger earnings beyond 2026. Zacks Research forecast for Alaska Air Group earnings
• Neutral Sentiment: Zacks maintained a Hold rating on Alaska Air Group. Its revised forecasts remain uneven, with a current-year loss expected and profitability dependent on improvement in subsequent quarters.
• Negative Sentiment: Zacks reduced its Q1 2027 EPS estimate to $0.52 from $0.74, Q3 2027 to $1.94 from $2.34, and FY2027 to $6.20 from $6.31. The cuts temper the positive impact of the upgraded 2026 estimates and signal concern about the pace or durability of the recovery.
• Neutral Sentiment: A separate August 14 article discusses earnings forecasts for ALK, but the provided information does not include additional estimates or a new analyst rating.
• Neutral Sentiment: An article about tree-pollen and house-dust-mite allergy tablets recommended by the U.K.’s NICE concerns ALK-Abelló A/S (Nasdaq Copenhagen: ALK B), not Alaska Air Group. It is therefore not relevant to Alaska Air Group’s stock.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of Alaska Air Group 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 directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Alaska Air Group Stock Down 3.4%

Shares of NYSE ALK opened at $45.88 on Friday. The business has a 50-day moving average of $48.38 and a 200-day moving average of $45.76. Alaska Air Group, Inc. has a 12 month low of $33.03 and a 12 month high of $65.88. 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 firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -29.22 and a beta of 1.29.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping 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 company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 EPS. 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 -0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALK has been the subject of a number of research analyst reports. Morgan Stanley lowered 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 report on Wednesday, April 22nd. Zacks Research raised shares of Alaska Air Group from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 6th. BMO Capital Markets increased their price target on Alaska Air Group from $55.00 to $62.50 and gave the company an "outperform" rating in a research note on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Finally, Evercore set a $60.00 price objective on shares of Alaska Air Group in a report on Friday, April 17th. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source