Great Lakes Advisors LLC Takes $4.39 Million Position in Alaska Air Group, Inc. $ALK

Great Lakes Advisors LLC purchased a new stake in Alaska Air Group, Inc. (NYSE:ALK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 84,071 shares of the transportation company’s stock, valued at approximately $4,389,000. Great Lakes Advisors LLC owned 0.08% of Alaska Air Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ARGA Investment Management LP raised 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 valued at $37,942,000 after acquiring an additional 503,167 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Alaska Air Group by 60.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock worth $3,528,000 after purchasing an additional 26,310 shares during the period. Assenagon Asset Management S.A. acquired a new position in Alaska Air Group in the 2nd quarter worth approximately $1,407,000. Vanguard Group Inc. grew 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 worth $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Finally, Amundi purchased a new position in Alaska Air Group during the 1st quarter worth approximately $2,205,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Down 2.6%

Alaska Air Group stock opened at $40.16 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 quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.48 billion, a P/E ratio of -25.58 and a beta of 1.29. The company’s fifty day simple moving average is $48.23 and its 200-day simple moving average is $45.45.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data 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 business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.Alaska Air Group’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, sell-side analysts forecast that Alaska Air Group, Inc. will post -1.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ALK shares. Bank of America increased their target price on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lowered their price target on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, Barclays set a $65.00 price objective on Alaska Air Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

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.