PNC Financial Services Group Inc. Sells 10,863 Shares of Alaska Air Group, Inc. $ALK

by · The Markets Daily

PNC Financial Services Group Inc. lowered its holdings in Alaska Air Group, Inc. (NYSE:ALK – Free Report) by 44.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,403 shares of the transportation company’s stock after selling 10,863 shares during the period. PNC Financial Services Group Inc.’s holdings in Alaska Air Group were worth $667,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. MidWestOne Financial Group Inc. bought a new position in Alaska Air Group during the 3rd quarter worth $422,000. Lodge Hill Capital LLC grew its holdings in shares of Alaska Air Group by 45.7% during the 3rd quarter. Lodge Hill Capital LLC now owns 717,800 shares of the transportation company’s stock worth $35,732,000 after purchasing an additional 225,000 shares in the last quarter. LSV Asset Management increased its position in shares of Alaska Air Group by 181.0% in the third quarter. LSV Asset Management now owns 54,799 shares of the transportation company’s stock worth $2,728,000 after purchasing an additional 35,300 shares during the period. Navellier & Associates Inc. raised its stake in Alaska Air Group by 64.4% in the third quarter. Navellier & Associates Inc. now owns 9,593 shares of the transportation company’s stock valued at $478,000 after purchasing an additional 3,757 shares in the last quarter. Finally, Arista Wealth Management LLC bought a new stake in Alaska Air Group during the third quarter worth about $417,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Insider Transactions at Alaska Air Group

In related news, EVP Kyle B. Levine sold 2,945 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the sale, the executive vice president owned 20,977 shares of the company’s stock, valued at $1,259,039.54. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 14,500 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the transaction, the executive vice president directly owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. This represents a 41.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 56,945 shares of company stock worth $3,204,569. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ALK shares. UBS Group set a $77.00 target price on shares of Alaska Air Group and gave the company a “buy” rating in a report on Friday, December 12th. Wall Street Zen raised Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. TD Cowen decreased their price target on Alaska Air Group from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Barclays restated an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Finally, Bank of America raised their price objective on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

Read Our Latest Stock Analysis on ALK

Alaska Air Group Stock Performance

Shares of ALK stock opened at $55.27 on Friday. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 63.53, a PEG ratio of 0.49 and a beta of 1.21. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $52.27 and its 200-day moving average price is $51.12. Alaska Air Group, Inc. has a 12 month low of $37.63 and a 12 month high of $73.89.

Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Equities research analysts forecast that Alaska Air Group, Inc. will post 6.03 EPS for the current year.

About Alaska Air Group

(Free Report)

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.

See Also

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