Alaska Air Group (ALK) : Lau Associates scooped up 200 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 11, 2016. The investment management firm now holds a total of 24,850 shares of Alaska Air Group which is valued at $2,047,143.Alaska Air Group makes up approximately 2.08% of Lau Associates’s portfolio.
Alaska Air Group opened for trading at $81.85 and hit $82.55 on the upside on Friday, eventually ending the session at $82.38, with a gain of 0.64% or 0.52 points. The heightened volatility saw the trading volume jump to 11,04,060 shares. Company has a market cap of $10,275 M.
Other Hedge Funds, Including , Denali Advisors sold out all of its stake in ALK during the most recent quarter. The investment firm sold 10,100 shares of ALK which is valued $832,038.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. New England Research Management added ALK to its portfolio by purchasing 2,775 company shares during the most recent quarter which is valued at $217,782. Alaska Air Group makes up approx 0.19% of New England Research Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in ALK in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 299 shares of Alaska Air Group which is valued at $23,466. Alaska Air Group makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Beacon Financial Group reduced its stake in ALK by selling 108 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 7,976 shares of ALK which is valued at $654,112. Alaska Air Group makes up approx 0.14% of Beacon Financial Group’s portfolio.
On the company’s financial health, Alaska Air Group reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $1.41. The company had revenue of $1377.00 million for the quarter, compared to analysts expectations of $1378.29 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Many Wall Street Analysts have commented on Alaska Air Group. 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. Company shares were Upgraded by Deutsche Bank on Jan 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $84 .
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.