Sei Investments Co. Sells 22,052 Shares of Alaska Air Group, Inc. $ALK

Key Points

• Sei Investments cut its Alaska Air Group stake by 32.8% in the first quarter, selling 22,052 shares and retaining 45,145 shares valued at approximately $1.66 million.
• Institutional ownership remains high at 81.9%, with several major investors—including ARGA Investment Management, Massachusetts Financial Services and Vanguard—adding to their positions.
• Alaska Air Group reported a quarterly loss of $0.92 per share, which was better than analyst expectations, while revenue rose 9.7% year over year to $4.07 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $65.65, compared with the stock’s $47.32 opening price.

Sei Investments Co. trimmed its position in Alaska Air Group, Inc. (NYSE:ALK - Free Report) by 32.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,145 shares of the transportation company's stock after selling 22,052 shares during the quarter. Sei Investments Co.'s holdings in Alaska Air Group were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALK. ARGA Investment Management LP boosted its holdings in shares of Alaska Air Group by 200.3% during the fourth quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company's stock worth $37,942,000 after purchasing an additional 503,167 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in 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 purchasing an additional 588,119 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings 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 valued at $3,528,000 after purchasing an additional 26,310 shares during the period. Vanguard Group Inc. raised its position in Alaska Air Group by 1.0% during the 4th 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 last quarter. Finally, U S Global Investors Inc. raised its position in Alaska Air Group by 22.8% during the 4th quarter. U S Global Investors Inc. now owns 455,934 shares of the transportation company's stock valued at $22,933,000 after purchasing an additional 84,569 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $47.32 on Tuesday. The company's fifty day moving average price is $48.03 and its 200-day moving average price is $45.80. The stock has a market cap of $5.27 billion, a PE ratio of -30.14 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 12 month low of $33.03 and a 12 month high of $65.88.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. The company had revenue of $4.07 billion during 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%. Alaska Air Group's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities analysts expect that Alaska Air Group, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Alaska Air Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 6th. Barclays set a $65.00 target price on Alaska Air Group and gave the company an "overweight" rating in a report on Wednesday, July 22nd. BMO Capital Markets raised their price target on Alaska Air Group from $55.00 to $62.50 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. UBS Group reiterated 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. Finally, Evercore set a $60.00 price objective on shares of Alaska Air Group in a research report on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $65.65.

Insider Activity at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction 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 directly owned 25,528 shares of the company's stock, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

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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