Advisory Services Network LLC boosted its stake in shares of Alaska Air Group, Inc. (NYSE:ALK) by 8,840.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,861 shares of the transportation company’s stock after buying an additional 2,829 shares during the quarter. Advisory Services Network LLC’s holdings in Alaska Air Group were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Afam Capital Inc. boosted its stake in Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock worth $1,084,000 after buying an additional 164 shares during the period. U S Global Investors Inc. boosted its stake in Alaska Air Group by 90.9% during the second quarter. U S Global Investors Inc. now owns 54,112 shares of the transportation company’s stock worth $4,612,000 after buying an additional 25,763 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Alaska Air Group during the second quarter worth about $122,000. Nomura Holdings Inc. boosted its stake in Alaska Air Group by 71.4% during the second quarter. Nomura Holdings Inc. now owns 10,660 shares of the transportation company’s stock worth $957,000 after buying an additional 4,441 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in Alaska Air Group by 5.3% during the second quarter. Coldstream Capital Management Inc. now owns 15,791 shares of the transportation company’s stock worth $1,417,000 after buying an additional 801 shares during the period. 87.72% of the stock is owned by institutional investors.

ALK has been the subject of several research analyst reports. ValuEngine lowered shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Morgan Stanley lowered their target price on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 17th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $103.00 target price on shares of Alaska Air Group in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Alaska Air Group has a consensus rating of “Buy” and a consensus price target of $103.15.

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

Shares of Alaska Air Group, Inc. (NYSE:ALK) opened at 79.69 on Monday. The firm has a market cap of $9.84 billion, a PE ratio of 12.96 and a beta of 0.99. The company has a 50-day moving average of $77.01 and a 200 day moving average of $84.17. Alaska Air Group, Inc. has a one year low of $69.12 and a one year high of $101.43.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The firm’s revenue was up 40.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 EPS. On average, equities research analysts expect that Alaska Air Group, Inc. will post $7.37 EPS for the current fiscal year.

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Alaska Air Group Profile

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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