Health Care

Gateway Investment Advisers LLC Raises Position in Alaska Air Group, Inc. (ALK)

Gateway Investment Advisers LLC Raises Position in Alaska Air Group, Inc. (ALK)”

Additionally, in a footnote to its investor update, Alaska said that regarding its ongoing pilot contract talks, "Our position for arbitration will result in an estimated annual increase for the company of approximately $140 million". Shares saw a steep decrease in trading volume of 94.86% under the normal average daily volume. Another trade for 6,029 shares valued at $479,908 was sold by Boratto Eva C. It is down 8.47% since July 25, 2016 and is downtrending. It has underperformed by 27.19% the S&P500.

Smead Capital Management Inc decreased American Express Co (NYSE:AXP) stake by 182,194 shares to 1.40 million valued at $103.35 million in 2016Q4. Transamerica Financial Advisors Inc sold 23,493 shares as Alaska Air Group Inc (ALK)'s stock declined 12.45%.

Rothschild Investment Corp IL decreased its position in Alaska Air Group, Inc. The stock rose 1.74% or $1.52 reaching $88.65. (ALK) shares are down -3.99% for the week and that has got investors and traders sitting up and taking note.

Alaska Air Group, Inc. has a 52-week low of $59.72 and a 52-week high of $101.43. Deckers Outdoor Corp (NYSE:DECK) has risen 19.41% since July 26, 2016 and is uptrending. It has outperformed by 12.63% the S&P500. Alaska Air Group had a net margin of 11.51% and a return on equity of 30.01%.

(ALK) on Wednesday reported second-quarter earnings of $296 million. Bank of America Corporation raised their price objective on Alaska Air Group from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, June 30th. Private Advisor Group LLC acquired a new position in shares of Alaska Air Group during the first quarter worth approximately $216,000. (NYSE:ALK) were released by: Foxbusiness.com and their article: "Dow Transports Dragged Down By Norfolk Southern, Alaska Air Stocks" published on July 26, 2017 as well as Prnewswire.com's news article titled: "Alaska Airlines Foundation gives over $160000 to nonprofits in Alaska and ..." with publication date: July 07, 2017. Wall Street analysts have a consensus 1.80 recommendation on the stock. Therefore 80% are positive. Alaska Air Group, Inc. The firm earned "Overweight" rating on Wednesday, July 27 by JP Morgan. Stifel Nicolaus upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $105.00 to $145.00 in a research report on Monday, March 20th. As per Thursday, February 9, the company rating was maintained by Cowen & Co. As per Thursday, December 15, the company rating was initiated by Barclays Capital. Ameritas Investment Partners Incorporated reported 2,942 shares. On Friday, June 9 the stock rating was maintained by Jefferies with "Hold".

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These firms have also modified their investment in ALK. It is negative, as 55 investors sold ALK shares while 181 reduced holdings. 110.18 million shares or 3.64% more from 106.31 million shares in 2016Q3 were reported. Finally, Piedmont Investment Advisors LLC raised its position in Alaska Air Group by 2,161.1% in the first quarter. (NYSE:ALK). 3,600 were accumulated by South Dakota Invest Council. Allianz Asset Management Ag has 0.09% invested in Alaska Air Group, Inc.

10/13/2016 - Alaska Air Group, Inc. was upgraded to " by analysts at Buckingham Research. (NYSE:ALK) has "Neutral" rating given on Friday, November 18 by Citigroup. Commercial Bank Of Montreal Can has invested 0.04% in Alaska Air Group, Inc. (NYSE:ALK) was sold by HARRISON ANDREW R. BERRY CHRISTOPHER MICHAEL sold 500 shares worth $48,310. New York State Common Retirement Fund reported 0.03% in Alaska Air Group, Inc. (NYSE:ALK) for 2,690 shares. 1,703 shares were sold by LEVINE KYLE B, worth $166,305 on Saturday, February 11. 128,085 are held by Legal & General Group Public. (NYSE:ALK) for 2,728 shares. Vident Inv Advisory Ltd invested in 36,377 shares or 0.24% of the stock. Bessemer Group Inc invested 0.08% in AT&T Inc. (NYSE:ALK). Prudential holds 0.04% or 287,693 shares. Clinton Grp Inc Inc reported 0.06% stake.

Since January 26, 2017, it had 0 buys, and 16 sales for $7.84 million activity. 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. FMR LLC now owns 1,220,984 shares of the transportation company's stock worth $108,338,000 after buying an additional 316,843 shares in the last quarter. SPRAGUE JOSEPH A sold 5,101 shares worth $490,287. Another trade for 10,291 shares valued at $1.01M was sold by KNIGHT JESSIE J JR. It also reduced Prudential Financial Inc (NYSE:PRU) stake by 29,622 shares and now owns 25,090 shares. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company.

ALK has been the subject of a number of analyst reports. The firm earned "Outperform" rating on Monday, December 12 by Robert W. Baird. (NYSE:ALK) has "Hold" rating given on Tuesday, October 13 by Evercore.



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