Alaska Air Group (ALK) : Putnam Fl Investment Management Co reduced its stake in Alaska Air Group by 63.1% during the most recent quarter end. The investment management company now holds a total of 38,741 shares of Alaska Air Group which is valued at $2,522,039 after selling 66,239 shares in Alaska Air Group , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Alaska Air Group makes up approximately 0.29% of Putnam Fl Investment Management Co’s portfolio.
Other Hedge Funds, Including , Hudock Capital Group boosted its stake in ALK in the latest quarter, The investment management firm added 642 additional shares and now holds a total of 1,492 shares of Alaska Air Group which is valued at $97,129. Alaska Air Group makes up approx 0.05% of Hudock Capital Group’s portfolio.Chicago Equity Partners boosted its stake in ALK in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 32,015 shares of Alaska Air Group which is valued at $2,152,048. Alaska Air Group makes up approx 0.06% of Chicago Equity Partners’s portfolio.Msi Financial Services Inc reduced its stake in ALK by selling 466 shares or 11.29% in the most recent quarter. The Hedge Fund company now holds 3,662 shares of ALK which is valued at $248,540. Alaska Air Group makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Winslow Evans Crocker boosted its stake in ALK in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 186 shares of Alaska Air Group which is valued at $12,016. Beacon Financial Group sold out all of its stake in ALK during the most recent quarter. The investment firm sold 7,976 shares of ALK which is valued $503,844.
Alaska Air Group (ALK) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $65.14 and reached the intraday high at $65.31. The bulls started the profit booking and pushed the shares to intraday low of $64.51. The trading session was marked by a volume range of 9,15,643 shares exchanging hands. The 52-week high of the shares is $87.171 and the 52-week low is $54.51. The market cap of the company stands at $8,024 M and there are 12,32,52,559 shares in public circulation.
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.