Saddle Road Partners buys $596,891 stake in Alaska Air Group (ALK)

Alaska Air Group (ALK) : Saddle Road Partners scooped up 612 additional shares in Alaska Air Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 7,771 shares of Alaska Air Group which is valued at $596,891.Alaska Air Group makes up approximately 0.13% of Saddle Road Partners’s portfolio.

Alaska Air Group closed down -0.77 points or -1.04% at $73.58 with 13,57,699 shares getting traded on Wednesday. Post opening the session at $74.24, the shares hit an intraday low of $73.53 and an intraday high of $75.0899 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in ALK by selling 1,000 shares or 90.25% in the most recent quarter. The Hedge Fund company now holds 108 shares of ALK which is valued at $8,295.Boston Advisors reduced its stake in ALK by selling 40,306 shares or 28.48% in the most recent quarter. The Hedge Fund company now holds 101,208 shares of ALK which is valued at $7,773,786. Alaska Air Group makes up approx 0.19% of Boston Advisors’s portfolio.Acadian Asset Management reduced its stake in ALK by selling 274,731 shares or 11.94% in the most recent quarter. The Hedge Fund company now holds 2,025,883 shares of ALK which is valued at $166,892,242. Alaska Air Group makes up approx 0.84% of Acadian Asset Management’s portfolio.Creative Planning boosted its stake in ALK in the latest quarter, The investment management firm added 547 additional shares and now holds a total of 28,443 shares of Alaska Air Group which is valued at $2,232,207. Alaska Air Group makes up approx 0.02% of Creative Planning’s portfolio.

On the company’s financial health, Alaska Air Group reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.42. The company had revenue of $1347.00 million for the quarter, compared to analysts expectations of $1345.55 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Alaska Air Group. Alaska Air Group was Downgraded by Buckingham Research to ” Neutral” on Apr 22, 2016. Alaska Air Group was Upgraded by BofA/Merrill to ” Neutral” on Apr 5, 2016. Alaska Air Group was Upgraded by JP Morgan to ” Neutral” on Apr 4, 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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