Boussard Gavaudan Investment Management Llp buys $242,172 stake in Alaska Air Group (ALK)

Alaska Air Group (ALK) : Boussard Gavaudan Investment Management Llp scooped up 260 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 3, 2016. The investment management firm now holds a total of 3,720 shares of Alaska Air Group which is valued at $242,172.Alaska Air Group makes up approximately 0.05% of Boussard Gavaudan Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in ALK by selling 5,409 shares or 13.25% in the most recent quarter. The Hedge Fund company now holds 35,410 shares of ALK which is valued at $2,305,191. Alaska Air Group makes up approx 0.02% of Sg Americas Securities’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in ALK by selling 28,819 shares or 62.19% in the most recent quarter. The Hedge Fund company now holds 17,522 shares of ALK which is valued at $1,140,682. Alaska Air Group makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Financial Architects Inc sold out all of its stake in ALK during the most recent quarter. The investment firm sold 150 shares of ALK which is valued $10,181.Gemmer Asset Management reduced its stake in ALK by selling 160 shares or 32.52% in the most recent quarter. The Hedge Fund company now holds 332 shares of ALK which is valued at $21,447. Alaska Air Group makes up approx 0.01% of Gemmer Asset Management’s portfolio.

Alaska Air Group closed down -0.37 points or -0.56% at $65.86 with 9,41,010 shares getting traded on Monday. Post opening the session at $66.1, the shares hit an intraday low of $65.53 and an intraday high of $66.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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