Wall Street Zen Downgrades Alaska Air Group (NYSE:ALK) to Strong Sell

Alaska Air Group (NYSE:ALK) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Monday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Citigroup dropped their target price on shares of 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. 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. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Barclays set a $52.00 price objective on Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. Finally, BMO Capital Markets set a $50.00 price objective on Alaska Air Group and gave the stock an “outperform” rating in a report on Monday, September 28th. Ten equities 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’s stock. Based on data from MarketBeat, Alaska Air Group presently has an average rating of “Moderate Buy” and an average target price of $59.15.

Alaska Air Group Stock Up 1.8%

NYSE:ALK opened at $39.91 on Monday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -25.42 and a beta of 1.33. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $60.63. 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 stock has a fifty day simple moving average of $42.93 and a 200-day simple moving average of $43.25.

Alaska Air Group (NYSE:ALK) last posted its quarterly 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. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts anticipate that Alaska Air Group will post -2.05 EPS for the current year.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew Harrison sold 5,300 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares in the company, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Benito Minicucci purchased 25,000 shares of Alaska Air Group stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price 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 represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

A number of large investors have recently bought and sold shares of ALK. Compound Global Advisors LLC purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at $39,000. Cedar Mountain Advisors LLC raised its position 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 worth $44,000 after acquiring an additional 761 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Alaska Air Group by 32.5% during the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Alaska Air Group during the 3rd quarter worth $109,000. Finally, Global Retirement Partners LLC bought a new stake in Alaska Air Group during the second quarter valued at about $128,000. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.