Alaska Air Group, Inc. on Focus After Bullish Options Activity

 Alaska Air Group, Inc. on Focus After Bullish Options Activity

In today’s session Alaska Air Group, Inc. (ALK) registered an unusually high (2,341) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ALK increase. With 2,341 contracts traded and 1974 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ALK161216C00080000 closed last at: $0.75 or 11.8% down. About 595,107 shares traded hands. Alaska Air Group, Inc. (NYSE:ALK) has declined 4.93% since April 13, 2016 and is downtrending. It has underperformed by 8.86% the S&P500.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Out of 11 analysts covering Alaska Air Group (NYSE:ALK), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Alaska Air Group has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Imperial Capital initiated the shares of ALK in a report on Friday, September 23 with “In-Line” rating. The rating was maintained by Raymond James on Tuesday, September 1 with “Buy”. The firm earned “Hold” rating on Tuesday, October 13 by Evercore. As per Wednesday, July 27, the company rating was upgraded by JP Morgan. Deutsche Bank maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Friday, July 24. Deutsche Bank has “Hold” rating and $73 price target. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Outperform” rating by Cowen & Co on Monday, May 16. The stock has “Neutral” rating given by Bank of America on Tuesday, April 5. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The rating was maintained by JP Morgan with “Underweight” on Thursday, February 4. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Outperform” rating by Cowen & Co on Tuesday, August 18.

According to Zacks Investment Research, “Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiary’s business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.”

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.09, from 0.93 in 2016Q1. The ratio is positive, as 67 funds sold all Alaska Air Group, Inc. shares owned while 157 reduced positions. 88 funds bought stakes while 141 increased positions. They now own 106.92 million shares or 7.17% less from 115.17 million shares in 2016Q1.
California Pub Employees Retirement System last reported 0.04% of its portfolio in the stock. Winton Cap Grp Limited has 0.34% invested in the company for 358,149 shares. Timber Creek Mgmt Limited Liability Company has 0.07% invested in the company for 1,400 shares. Grp Incorporated One Trading L P owns 8,926 shares or 0.01% of their US portfolio. Moreover, Davidson Inv has 0.91% invested in Alaska Air Group, Inc. (NYSE:ALK) for 93,390 shares. Court Place Advisors Lc reported 4,795 shares or 0.16% of all its holdings. Smithfield Co last reported 0.03% of its portfolio in the stock. Twin Tree Lp holds 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 344 shares. Capstone Asset Management accumulated 15,484 shares or 0.03% of the stock. Cwm Limited Liability Com holds 1 shares or 0% of its portfolio. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in Alaska Air Group, Inc. (NYSE:ALK) for 3,844 shares. California State Teachers Retirement System reported 254,645 shares or 0.03% of all its holdings. Kcg Holding Inc owns 51,723 shares or 0.06% of their US portfolio. Fifth Third Financial Bank last reported 0.08% of its portfolio in the stock. Advantus Cap Mgmt has 0.02% invested in the company for 12,035 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 13 selling transactions for $3.48 million net activity. Shares for $155,580 were sold by PEDERSEN BRANDON. 4,000 shares were sold by TILDEN BRADLEY D, worth $255,360. On Friday, August 26 the insider ELIASEN MARK G sold $310,946. The insider MADSEN DENNIS F sold $90,528. SPRAGUE JOSEPH A had sold 6,666 shares worth $499,950. $124,125 worth of shares were sold by YOUNG TAMARA S on Thursday, May 26.

Alaska Air Group, Inc. is the holding firm of Alaska Airlines and Horizon Air (Horizon). The company has a market cap of $9.94 billion. The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. It has a 10.92 P/E ratio. The Company’s Alaska Mainline segment operates the Boeing 737 part of Alaska’s business.

ALK Company Profile

Alaska Air Group, Inc., incorporated on March 15, 1985, is the holding firm of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon, SkyWest Airlines, Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity. The Firm serves approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada, Mexico and Costa Rica. The Alaska Airlines Mileage Plan program provides a suite of frequent flier benefits.

More important recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Wsj.com which released: “Judge Overseeing Lawsuit Over Alaska Air, Virgin America Merger to Move Ahead …” on October 21, 2016, also Bizjournals.com published article titled: “Alaska Air adds new Pacific Northwest flights, premium economy seating”, Reuters.com published: “Justice Department in talks with Alaska Air on Virgin deal: sources” on October 18, 2016. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) was released by: Bloomberg.com and their article: “Alaska Air Fends Off JetBlue Plea to U.S. for Prized Cuba Route” with publication date: October 24, 2016.

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