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Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com

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2 years ago

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Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com



Alaska Air Group (NYSE:ALK – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Susquehanna raised their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday. Bank of America raised their price objective on shares of Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday. UBS Group began coverage on shares of Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price objective for the company. Evercore ISI raised their price objective on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Melius downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and an average target price of $57.85.

View Our Latest Research Report on ALK

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Alaska Air Group Stock Performance

NYSE ALK opened at $45.01 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 0.85. Alaska Air Group has a 52-week low of $30.75 and a 52-week high of $57.18. The business’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.23. The firm has a market cap of $5.66 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.89 and a beta of 1.63.

Alaska Air Group (NYSE:ALK – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company posted ($0.62) earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Alaska Air Group will post 4.41 earnings per share for the current year.

Insider Activity

In related news, EVP Andrew R. Harrison sold 6,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total transaction of $249,340.00. Following the completion of the transaction, the executive vice president now directly owns 26,048 shares in the company, valued at approximately $999,201.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in Alaska Air Group by 1,676.8% in the 4th quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock worth $58,250,000 after acquiring an additional 140,698 shares during the period. Wellington Management Group LLP grew its stake in Alaska Air Group by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock worth $94,712,000 after acquiring an additional 358,749 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Alaska Air Group in the 4th quarter worth approximately $2,813,000. Bank of New York Mellon Corp grew its stake in Alaska Air Group by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,213,630 shares of the transportation company’s stock worth $45,001,000 after acquiring an additional 71,726 shares during the period. Finally, Deutsche Bank AG grew its stake in Alaska Air Group by 63.4% in the 3rd quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock worth $13,594,000 after acquiring an additional 142,310 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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Alaska Air Group Company Profile

(Get Free Report)

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

Further Reading

Analyst Recommendations for Alaska Air Group (NYSE:ALK)



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Alaska

‘Just-add-water living at its finest’: An Alaska bike journey rolls along

Published

5 hours ago

on

March 27, 2026

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‘Just-add-water living at its finest’: An Alaska bike journey rolls along


Forest Wagner pushes his fat bike on a drifted-in section of trail in Minto Flats National Wildlife Refuge on March 25, 2026.(Photo by Ned Rozell)

MANLEY HOT SPRINGS — It’s so quiet in these spruce hills and tamarack swamps that 27 hours and 50 miles passed between when Forest Wagner and I said goodbye to one human being at Old Minto and hello to the next near Baker.

Space is in ample supply here on these pressed-in snow trails between towns and villages of Interior Alaska.

Forest and I are out here riding these ephemeral ribbons of blue-white moving westward, with a goal of reaching Nome.

Last Saturday, when it warmed to minus 12 degrees Fahrenheit, I lurched my loaded fat bike out of my home in Fairbanks. Saying goodbye to my wife and dogs, I rumbled eastward on a boot-packed trail that after a mile led to a plowed bike path. I then rolled through the familiar University of Alaska Fairbanks campus and onward 8 miles to Forest’s cabin.

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He handed me a mug of coffee and an egg sandwich. Then we started pedaling our fat bikes down Chena Pump Road until we reached the Tanana River.

Forest Wagner, left, and Ned Rozell pause in front of the tripod on the ice of the Tanana River at the town of Nenana. When river ice breaks up, whoever guesses the exact time the tripod falls and pulls a cable will be the winner of the Nenana Ice Classic. (Photo by Ned Rozell)

We found a trail groomed for a multi-sport winter race, turned right, and headed downstream on our home river, there half a mile wide. It was a day when the weather finally nodded toward spring. Fair-a-dise showed up with bluebird skies as the day warmed to 8 degrees Fahrenheit.

After a month of pillowy snows and crazy cold temperatures and re-telling people our new takeoff days to semi-suppressed eye rolls, we were finally unstuck from the glue of town.

If an object wasn’t hanging off our bikes, we didn’t need it. No more fiddling with the load or obsessing on the 7-day weather forecast. Just big ol’ tires humming on dry snow.

Now, five days and 145 miles later, Forest and I are digesting French toast and bacon our friend Steve O’Brien cooked for us as we wait on the dryer in the Manley washeteria. When we get a few dollar bills we will take showers.

The Tolovana Roadhouse at the mouth of the Tolovana River is open for travelers to rent a bunk in the original structure from the 1925 Serum Run lifesaving dog team mission. Ned and Forest slept here. (Photo by Ned Rozell)

It’s a good life here on the trail, just-add-water living at its finest. Eat everything in front of you, apply some sunblock and keep mashing on the pedals.

Steve O’Brien is one of the many people helping us move westward. In one of the most clutch moments, my wife Kristen and our friend Jen Wenrick appeared wearing headlamps on the packed snow ramp off the Tanana River in Nenana. They handed us burgers and fries from the Monderosa.

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After a surprise tough day due to soft trail that had us working real hard, those burgers and Cokes were like oxygen.

There have been many other acts of kindness from Jenna and David Jonas, Steve Ketzler, Forest’s dad Joe Wagner and others. Tonic for the body and soul.

Jenna Jonas holds her daughter Juniper while her other daughter Celia looks on. Jenna and David Jonas hosted Ned and Forest at their Tanana River homestead on the first night of the bikers’ trip. (Photo by Ned Rozell)

We will meet more excellent people, including some old friends, as we ratchet toward Nome.

When my satellite tracker is on, you can see our arrow creeping across the landscape here: https://share.garmin.com/NedRozell.





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Alaska

This Day in Alaska History-March 27th, 1964

Published

17 hours ago

on

March 27, 2026

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This Day in Alaska History-March 27th, 1964


 

The largest landslide in Anchorage occurred along Knik Arm between Point Woronzof and Fish Creek, causing substantial damage to numerous homes in the Turnagain-By-The-Sea subdivision. Courtesy of Wikipedia
The largest landslide in Anchorage occurred along Knik Arm between Point Woronzof and Fish Creek, causing substantial damage to numerous homes in the Turnagain-By-The-Sea subdivision. Courtesy of Wikipedia
J.C. Penney Department Store at Fifth Avenue and D Street, Anchorage District, Cook Inlet Region, Alaska, 1964. Courtesy of USGS
J.C. Penney Department Store at Fifth Avenue and D Street, Anchorage District, Cook Inlet Region, Alaska, 1964. Courtesy of USGS

It was on this day in 1964 that a massive 9.2 earthquake in Southcentral Alaska.

The massive quake at 5:36 pm on March 27th caused much devastation throughout the region and generated a huge tsunami that inundated many communities in the region.

The quake was the largest in the history of the United States and initially killed 15 people while the resulting tsunami killed an additional 100 people in the new state and another 13 in California as well as five in Oregon.

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The megathrust earthquake endured for four minutes and thirty-eight seconds and ruptured over 600 miles of fault and moved up to 60 feet in places.

The deadly quake occurred 15 and a half miles deep 40 miles west of Valdez and generated a ocean floor shift that created a wave 220 feet high.

As many as 20 other smaller tsunamis were generated by submarine landslides.

  1964, Alaska, earthquake, good friday, history



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Alaska

Opinion: Alaska’s public schools were once incredible. They can be that way again.

Published

1 day ago

on

March 26, 2026

By

Opinion: Alaska’s public schools were once incredible. They can be that way again.


(iStock / Getty Images)

I grew up greeting friends and neighbors on my walk to my neighborhood Anchorage public school, just as my kids do now. It’s an essential, and value-added, part of living in our community.

In the late 1990s, when I attended Service High School, I had amazing teachers. My AP chemistry teacher left the oil and gas industry to teach. He could have earned significantly more money in another field, but teaching was competitive enough, given pensions and compensation, that he stayed in the job he loved and gave a generation of students a solid foundation in chemistry.

Now, my kids, who are in first, third and fifth grade, face a different reality. Teachers across our state are leaving in droves. Neighborhood schools across Alaska are closing. Art and music are being combined, which is nonsensical — they are not the same and they are both valuable independently. When he was in second grade, my oldest had a cohort of more than 60 students in his grade — split between two teachers. When he enters sixth grade next year, there will be no middle school sports and he will lose out on electives. Support systems and specialists to help when kids are falling behind have been cut. I’m lucky that my children have had amazing teachers, but many excellent teachers are nearing retirement age or don’t have a pension and are pursuing other careers. What happens then?

Despite skyrocketing inflation, last year was the first time in years that our schools received a significant increase in the Base Student Allocation — and that money doesn’t begin to make up for what they have lost over the years. Even that increase had to overcome two vetoes from what a recent teacher of the year calls “possibly the most anti-public education governor in the history of Alaska.” Shockingly, my own representative, Mia Costello, despite voting for the increase, failed to join the override to support education. She has failed to explain that decision when asked.

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State spending on corrections is up 54% since 2019; meanwhile, spending on education is up only 12% in the same timeframe. Schools are now working with 77% of the funding they had 15 years ago when accounting for inflation.

When we starve our public schools of funding, Alaska families leave. No one wants their child to suffer from a subpar education and the lower test scores and opportunities that come with it. A significant number of people are working in Alaska but choosing not to raise their families here.

To the elected officials who preach school “choice” but starve public schools: our family’s choice is our neighborhood school. It’s our community. It’s where our friends are. Neighborhood public schools, which are required to accept all children, should be the best option out there. Public schools should be a good, strong, viable option for communities and neighborhoods across our great state. Once, they were.

I am thankful for those in the Legislature working to solve these problems. This includes HB 374, which raises the BSA by $630, and HB 261, which would make education funding less volatile.

It breaks my heart that across the state, dedicated teachers keep showing up for our kids while being underpaid and undervalued. Underfunding our schools is also a violation of Alaska’s constitution, which requires “adequate funding so as to accord to schools the ability to provide instruction in the standards.”

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Not so long ago, Alaska’s public schools were adequately funded, and they produced well-educated students and retained excellent teachers. It’s up to all of us to reach out to our elected officials and urge them to make that the case once again.

Colleen Bolling is a lifelong Alaskan and mother of three who cares deeply about Alaska’s schools.

• • •

The Anchorage Daily News welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.





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