Alaska Air Group (ALK) : Bks Advisors scooped up 10,000 additional shares in Alaska Air Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 25,900 shares of Alaska Air Group which is valued at $1,712,249.Alaska Air Group makes up approximately 0.84% of Bks Advisors’s portfolio.
Other Hedge Funds, Including , First Interstate Bank reduced its stake in ALK by selling 91 shares or 43.13% in the most recent quarter. The Hedge Fund company now holds 120 shares of ALK which is valued at $7,933. Stephens Inc Ar added ALK to its portfolio by purchasing 6,246 company shares during the most recent quarter which is valued at $413,673. Alaska Air Group makes up approx 0.02% of Stephens Inc Ar’s portfolio. Cg Asset Management sold out all of its stake in ALK during the most recent quarter. The investment firm sold 7,900 shares of ALK which is valued $536,173.
Alaska Air Group opened for trading at $65.97 and hit $67.37 on the upside on Wednesday, eventually ending the session at $67.35, with a gain of 2.05% or 1.35 points. The heightened volatility saw the trading volume jump to 15,14,234 shares. Company has a market cap of $8,290 M.
On the company’s financial health, Alaska Air Group reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $2.09. The company had revenue of $1494.00 million for the quarter, compared to analysts expectations of $1498.56 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS.
Many Wall Street Analysts have commented on Alaska Air Group. Alaska Air Group was Upgraded by JP Morgan to ” Overweight” on Jul 27, 2016. Company shares were Upgraded by Credit Suisse on Jul 25, 2016 to ” Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .Alaska Air Group was Downgraded by Raymond James to ” Outperform” on Jun 14, 2016.
Alaska Air Group Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines which together with its partner regional airlines serve approximately 100 cities through a network in Alaska the Lower 48 Hawaii Canada and Mexico. The Company operates in three segments: Alaska Mainline Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaska’s business. Alaska Regional is Alaska’s shorter distance network. Horizon operates regional aircraft. In 2014 the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.