Insider Buying: Alaska Air Group (NYSE:ALK) CEO Purchases $1,001,500.00 in Stock

Key Points

• Alaska Air Group CEO Benito Minicucci bought 25,000 shares at an average price of $40.06, investing $1.0015 million and increasing his direct ownership by 10.8% to 256,582 shares.
• ALK shares rose 0.7% to $40.46, but the company continues to face financial pressure, reporting a quarterly loss of $0.92 per share and maintaining negative net margins.
• Analyst views remain mixed: the consensus rating is “Moderate Buy” with a $65.65 average price target, while targets range from Citigroup’s $37 sell-rated view to Susquehanna’s $70 positive outlook.

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) CEO Benito Minicucci purchased 25,000 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the purchase, the chief executive officer directly owned 256,582 shares of the company's stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Alaska Air Group Stock Up 0.7%

Shares of ALK traded up $0.28 during mid-day trading on Friday, hitting $40.46. 2,587,569 shares of the company traded hands, compared to its average volume of 3,758,508. The company has a market capitalization of $4.51 billion, a PE ratio of -25.77 and a beta of 1.29. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average of $48.23 and a 200 day moving average of $45.45. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping analysts' consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the business earned $1.42 EPS. Alaska Air Group's revenue for the quarter 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. Equities research analysts anticipate that Alaska Air Group, Inc. will post -1.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group in the fourth quarter valued at $26,000. First Command Advisory Services Inc. raised its stake in shares of Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company's stock valued at $34,000 after buying an additional 485 shares during the last quarter. Compound Global Advisors LLC purchased a new position in shares of Alaska Air Group during the 2nd quarter valued at about $39,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company's stock valued at $44,000 after buying an additional 761 shares during the period. Finally, SBI Securities Co. Ltd. lifted 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 buying an additional 212 shares during the period. Hedge funds and other institutional investors own 81.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALK shares. Citigroup dropped their price objective on shares of Alaska Air Group from $47.00 to $37.00 and set a "sell" rating on the stock in a report on Friday, July 24th. Wall Street Zen raised Alaska Air Group from a "strong sell" rating to a "sell" rating in a research report on Thursday, August 13th. UBS Group reiterated a "buy" rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Weiss Ratings lowered Alaska Air Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday. Finally, Susquehanna raised their price objective on Alaska Air Group from $50.00 to $70.00 and gave the stock a "positive" rating in a research note on Tuesday, July 7th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued 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 an average target price of $65.65.

Alaska Air Group Company 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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