Alaska Air Group (ALK) : Garde Capital has sold out all of its stake in Alaska Air Group during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 2,880 shares of Alaska Air Group which is valued at $188,294.
Other Hedge Funds, Including , Norges Bank boosted its stake in ALK in the latest quarter, The investment management firm added 129,553 additional shares and now holds a total of 713,041 shares of Alaska Air Group which is valued at $46,618,621. Alaska Air Group makes up approx 0.02% of Norges Bank’s portfolio. Bridgewater Associates Lp added ALK to its portfolio by purchasing 33,900 company shares during the most recent quarter which is valued at $2,216,382. Alaska Air Group makes up approx 0.03% of Bridgewater Associates Lp’s portfolio.Lsv Asset Management boosted its stake in ALK in the latest quarter, The investment management firm added 7,990 additional shares and now holds a total of 1,261,547 shares of Alaska Air Group which is valued at $83,552,258. Alaska Air Group makes up approx 0.16% of Lsv Asset Management’s portfolio.Glenmede Trust Co Na boosted its stake in ALK in the latest quarter, The investment management firm added 5,678 additional shares and now holds a total of 532,308 shares of Alaska Air Group which is valued at $35,254,759. Alaska Air Group makes up approx 0.20% of Glenmede Trust Co Na’s portfolio. Hartford Investment Management Co added ALK to its portfolio by purchasing 27,458 company shares during the most recent quarter which is valued at $1,773,787. Alaska Air Group makes up approx 0.04% of Hartford Investment Management Co’s portfolio.
Alaska Air Group closed down -0.23 points or -0.34% at $67.04 with 9,01,260 shares getting traded on Monday. Post opening the session at $67.31, the shares hit an intraday low of $66.96 and an intraday high of $67.62 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.