Eqis Capital Management Inc. Has $2.44 Million Position in Alaska Air Group, Inc. (ALK)

Eqis Capital Management Inc. raised its position in Alaska Air Group, Inc. (NYSE:ALK) by 45.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,920 shares of the transportation company’s stock after buying an additional 10,005 shares during the quarter. Eqis Capital Management Inc.’s holdings in Alaska Air Group were worth $2,435,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Credit Agricole S A grew its holdings in shares of Alaska Air Group by 76.2% during the 1st quarter. Credit Agricole S A now owns 17,053 shares of the transportation company’s stock valued at $1,573,000 after purchasing an additional 7,377 shares during the last quarter. FMR LLC grew its holdings in shares of Alaska Air Group by 48.3% during the 1st quarter. FMR LLC now owns 1,810,921 shares of the transportation company’s stock valued at $167,003,000 after purchasing an additional 589,937 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Alaska Air Group by 12.9% during the 1st quarter. Legal & General Group Plc now owns 144,603 shares of the transportation company’s stock valued at $13,335,000 after purchasing an additional 16,518 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Alaska Air Group by 6.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,530 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 280 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in shares of Alaska Air Group during the 1st quarter valued at approximately $922,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Bradley D. Tilden sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total transaction of $205,992.00. Following the sale, the chairman now directly owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 2,350 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $86.03, for a total value of $202,170.50. Following the sale, the executive vice president now directly owns 21,328 shares in the company, valued at $1,834,847.84. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Alaska Air Group in a research report on Tuesday, September 12th. Imperial Capital dropped their price target on shares of Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reiterated a “buy” rating and set a $103.00 target price on shares of Alaska Air Group in a research report on Tuesday, September 12th. Finally, Bank of America Corporation boosted their target price on shares of Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $95.58.

Alaska Air Group, Inc. (NYSE:ALK) traded up 1.84% on Friday, hitting $66.58. 4,118,689 shares of the company traded hands. The firm’s 50 day moving average price is $77.06 and its 200 day moving average price is $83.83. Alaska Air Group, Inc. has a 1-year low of $64.77 and a 1-year high of $101.43. The firm has a market capitalization of $8.22 billion, a PE ratio of 10.83 and a beta of 0.99.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.02). The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 earnings per share. Equities research analysts predict that Alaska Air Group, Inc. will post $6.98 EPS for the current fiscal year.

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About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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