Alaska Air Group INC (ALK) Holder Caxton Associates LP Has Boosted Position by $34.27 Million

May 17, 2018 - By Paula Hilliard

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.35, from 1.34 in 2017Q3. It fall, as 68 investors sold ALK shares while 156 reduced holdings. 80 funds opened positions while 142 raised stakes. 102.14 million shares or 2.96% less from 105.25 million shares in 2017Q3 were reported. Envestnet Asset Mgmt Incorporated invested in 46,575 shares. Cibc Mkts Incorporated holds 0% or 5,328 shares in its portfolio. Prudential Financial Inc has 293,871 shares for 0.03% of their portfolio. Evercore Wealth Mgmt Limited Liability Co reported 0% stake. Goldman Sachs Group Inc owns 762,706 shares for 0.01% of their portfolio. Moreover, Toronto Dominion Bankshares has 0.01% invested in Alaska Air Group, Inc. (NYSE:ALK) for 45,750 shares. Adirondack accumulated 285 shares. Investec Asset Mngmt North America Inc holds 0.15% or 12,439 shares in its portfolio. 10,055 are owned by Verition Fund Management Ltd Limited Liability Company. The New York-based New York State Teachers Retirement System has invested 0.03% in Alaska Air Group, Inc. (NYSE:ALK). Moreover, Goodman Fincl has 2.72% invested in Alaska Air Group, Inc. (NYSE:ALK) for 81,978 shares. Altimeter Cap Management LP owns 50,000 shares or 0.19% of their US portfolio. Asset Mngmt One has 534 shares for 0% of their portfolio. 26,908 were reported by Great West Life Assurance Can. One Association has 10,782 shares for 0.05% of their portfolio.

Since February 16, 2018, it had 0 insider buys, and 5 sales for $989,848 activity. On Wednesday, February 28 LEVINE KYLE B sold $97,695 worth of Alaska Air Group, Inc. (NYSE:ALK) or 1,503 shares. Shares for $175,879 were sold by PEDERSEN BRANDON. 2,350 shares were sold by HARRISON ANDREW R, worth $152,474. 789 shares were sold by BERRY CHRISTOPHER MICHAEL, worth $52,020 on Wednesday, February 21.

Bruce Kovner increased its stake in Alaska Air Group Inc (ALK) by 739.23% based on its latest 2017Q4 regulatory filing with the SEC. Caxton Associates Lp bought 469,411 shares as the company’s stock declined 17.22% with the market. The hedge fund run by Bruce Kovner held 532,911 shares of the transportation company at the end of 2017Q4, valued at $39.17 million, up from 63,500 at the end of the previous reported quarter. Caxton Associates Lp who had been investing in Alaska Air Group Inc for a number of months, seems to be bullish on the $7.22 billion market cap company. The stock decreased 0.83% or $0.49 during the last trading session, reaching $58.61. About 916,897 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since May 17, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Caxton Associates Lp, which manages about $10.75 billion and $2.03 billion US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 129,074 shares to 145,926 shares, valued at $6.25M in 2017Q4, according to the filing. It also reduced its holding in Colgate Palmolive Co (NYSE:CL) by 42,500 shares in the quarter, leaving it with 7,500 shares, and cut its stake in Select Sector Spdr Tr (Put) (XLK).

More recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: which released: “Alaska Airlines taps Facebook executive for board” on May 04, 2018. Also published the news titled: “Alaska Air Group’s (ALK) CEO Brad Tilden on Q1 2018 Results – Earnings Call Transcript” on April 23, 2018.‘s news article titled: “Alaska Airlines closes pilot base at JFK airport” with publication date: May 16, 2018 was also an interesting one.

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

Among 12 analysts covering Alaska Air (NYSE:ALK), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Alaska Air had 22 analyst reports since December 4, 2017 according to SRatingsIntel. The company was maintained on Friday, January 26 by Cowen & Co. The company was downgraded on Thursday, February 15 by UBS. The firm earned “In-Line” rating on Thursday, February 1 by Imperial Capital. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Buy” rating given on Friday, April 13 by Cowen & Co. JP Morgan downgraded Alaska Air Group, Inc. (NYSE:ALK) on Tuesday, January 30 to “Underweight” rating. The company was maintained on Friday, January 26 by Buckingham Research. As per Thursday, April 12, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 24 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 10. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Hold” rating given on Tuesday, April 24 by Imperial Capital.

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

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