Callan Family Office LLC Buys New Position in Alaska Air Group, Inc. $ALK

Callan Family Office LLC bought a new stake in shares of Alaska Air Group, Inc. (NYSE:ALK - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,554 shares of the transportation company's stock, valued at approximately $1,960,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Alaska Air Group during the 2nd quarter valued at $606,307,000. Capital Research Global Investors raised its holdings in Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company's stock worth $159,720,000 after purchasing an additional 1,475,350 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Alaska Air Group by 19,661.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company's stock worth $62,166,000 after purchasing an additional 1,229,647 shares during the period. Jain Global LLC purchased a new position in Alaska Air Group during the fourth quarter valued at $53,683,000. Finally, BNP Paribas Financial Markets lifted its position in Alaska Air Group by 1,563.7% during the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company's stock valued at $54,378,000 after purchasing an additional 1,026,710 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Trading Up 0.1%

Shares of ALK stock opened at $40.46 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a fifty day simple moving average of $48.09 and a two-hundred day simple moving average of $45.36. The firm has a market capitalization of $4.51 billion, a PE ratio of -25.77 and a beta of 1.29. Alaska Air Group, Inc. has a 52-week low of $33.03 and a 52-week high of $65.88.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.99) by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts predict that Alaska Air Group, Inc. will post -1.22 EPS for the current fiscal year.

More Alaska Air Group News

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

• Positive Sentiment: CEO Benito Minicucci purchased 25,000 Alaska Air shares at an average price of $40.06, investing approximately $1 million and increasing his direct ownership by 10.8%. The sizable open-market purchase may support investor confidence that management views the selloff as an attractive entry point. Alaska Air CEO share purchase article
• Positive Sentiment: Alaska Airlines plans to add nonstop Seattle flights to Athens and Paris in 2027. The new routes expand its long-haul network and could create additional revenue opportunities while strengthening Seattle as a global gateway. Alaska Airlines Athens and Paris routes article
• Neutral Sentiment: The stock has declined about 28% over the referenced period and was down 7.1% since its latest earnings report, keeping valuation and management’s insider purchase in focus. The decline also reflects continued concerns about the airline’s earnings outlook.
• Negative Sentiment: Alaska Air’s latest quarterly results showed a loss of $0.92 per share, although that was better than the $0.99 consensus estimate. Revenue increased 9.7% year over year to $4.07 billion but slightly missed expectations, and the company remained unprofitable. Analysts expect a full-year loss, indicating that the new international routes may take time to contribute meaningfully.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CEO Benito Minicucci purchased 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, with a total value 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 trade represents a 10.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 5,300 shares of the business'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 completion of the transaction, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ALK shares. Susquehanna boosted their price target on Alaska Air Group from $50.00 to $70.00 and gave the company a "positive" rating in a report on Tuesday, July 7th. 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 research note on Friday, July 24th. Barclays set a $65.00 price objective on Alaska Air Group and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. UBS Group reiterated a "buy" rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered shares of Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. 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 MarketBeat, Alaska Air Group currently 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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