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Main » Alaska Air Group Incorporated (NYSE:ALK) Shorted Shares Decreased By 5.11%

Alaska Air Group Incorporated (NYSE:ALK) Shorted Shares Decreased By 5.11%

07 December 2017

The other 11, though not evenly; between analysts who think you should buy Alaska Air Group, Inc. versus those who think you should sell it. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.26 by ($0.02).

The Price to book ratio is the current share price of a company divided by the book value per share. The short interest to Alaska Air Group Incorporated's float is 5.5%. ((NYSE:ALK)) is performing -23.05%. It has outperformed by 12.63% the S&P500.

Connor Clark & Lunn Investment Management Ltd increased Philip Morris International Inc (PM) stake by 74.07% reported in 2017Q2 SEC filing. There were 67 sold out positions, amounting to 2.01 million shares. The Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 29,090 shares with $2.59 million value, down from 59,140 last quarter. Last trading transaction put the stock price at $68.10. About 180,230 shares traded. Meanwhile, due to a recent pullback which led to a fall of nearly -22.56% in the past one month, the stock price is now with underperforming -26.88% so far on the year - still in weak zone.

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.04, from 1.11 in 2017Q1. 64 funds opened positions while 168 raised stakes. Shares of CL have increased 4.8% in the past three monthswhile the S&P 500 has dropped -3.98% in that time. Sentry Investment Management LLC now owns 9,125 shares of the transportation company's stock valued at $819,000 after purchasing an additional 98 shares during the last quarter. (NYSE:ALK) for 3,400 shares. Howe And Rusling Incorporated holds 0% or 96 shares in its portfolio. (NYSE:ALK). Millennium Management Limited Liability owns 443,103 shares for 0.07% of their portfolio. (NYSE:ALK) for 397 shares. Moreover, Magnetar Financial Ltd has 0.02% invested in Alaska Air Group, Inc.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, October 25th.

Investors may be interested in viewing the Gross Margin score on shares of Noble Midstream Partners LP (NYSE:NBLX).

More notable recent Alaska Air Group, Inc. Lateef Investment Management L.P. owned approximately 0.26% of Alaska Air Group at the end of the most recent quarter. (NYSE:GPN) for 5,444 shares. The firm earned "Outperform" rating on Tuesday, August 18 by Cowen & Co. Vanguard Group Inc. now owns 11,829,247 shares of the transportation company's stock valued at $1,061,794,000 after buying an additional 261,887 shares during the period. (NYSE:GPN) or 89,500 shares.

Some Stocks within Concentration: Boulevard Acquisition Corp. II (BLVD), Nokia Corporation (NOK)
The institutional investor owned 56,288 shares of the technology company's stock after selling 42,504 shares during the period. Average Revenue Estimate of the company for the current Fiscal Quarter is $7.24 Billion, according to consensus of 9 analysts.

Several other institutional investors have also sold shares of the company.

The average 1-year price target for Alaska Air Group, Inc. Stifel Nicolaus maintained it with "Buy" rating and $145 target in Thursday, October 26 report. (NYSE:VZ) or 950,408 shares. Susquehanna Gru Ltd Liability Partnership owns 59,463 shares.

Menta Capital Llc increased Newpark Res Inc (NYSE:NR) stake by 54,606 shares to 87,106 valued at $640,000 in 2017Q2. Pathstone Family Office owns 35 shares. Schwab Us Mid (SCHM) was reduced too.

Since June 12, 2017, it had 0 buys, and 2 sales for $13.74 million activity. The shares were sold at an average price of $65.53, for a total value of $35,386.20. SPRAGUE JOSEPH A sold 7,000 shares worth $635,947. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Therefore 60% are positive.

Alaska Air Group, Inc. has a one year low of $61.10 and a one year high of $101.43. $89.73's average target is 31.76% above currents $68.1 stock price. Egerton Capital UK LLP grew its stake in Alaska Air Group by 51.6% in the 3rd quarter. (NYSE:ALK) to report earnings on February, 14. The rating was upgraded by Raymond James to "Strong Buy" on Wednesday, November 15. On Monday, March 20 the stock rating was upgraded by Stifel Nicolaus to "Buy". ALK's total short interest was 6.78 million shares in December as published by FINRA. The company was maintained on Thursday, July 13 by Credit Suisse. The stock has "Buy" rating by Buckingham Research on Thursday, October 13. As per Thursday, October 26, the company rating was maintained by Deutsche Bank. The firm has "Neutral" rating by Citigroup given on Monday, September 18. (NYSE:ALK). Renaissance Ltd invested in 1.13 million shares.

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.07, from 0.96 in 2017Q1. It worsened, as 90 investors sold VZ shares while 700 reduced holdings. Huntington Steele Ltd Llc reported 211,360 shares or 1.72% of all its holdings. Susquehanna Int Group Inc Limited Liability Partnership accumulated 59,463 shares. First Heartland Consultants has 16,016 shares. Pictet Asset Mngmt Ltd accumulated 0.01% or 20,800 shares. Livforsakringsbolaget Skandia Omsesidigt reported 56,968 shares or 0.47% of all its holdings. The investor is now holding $9.24 million shares due in part to a decrease of 232221 new shares in their portfolio. Aqr Capital Mgmt Limited Liability Co has invested 0.29% in Verizon Communications Inc. Rhumbline Advisers accumulated 235,250 shares. Thrivent Fincl For Lutherans, Minnesota-based fund reported 4,670 shares.

Among 15 analysts covering Alaska Air Group (NYSE:ALK), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 27% are positive. The stock has "Market Perform" rating by Cowen & Co on Wednesday, January 4. The rating was maintained by Deutsche Bank on Friday, July 24 with "Hold". Imperial Capital reiterated coverage for the stock on 26/10/2017 and Cowen issued a reiterated the stock on 26/10/2017. The rating was maintained by Jefferies with "Hold" on Tuesday, September 26.