Waterfront Capital Partners Lifted Vornado Rlty Tr (VNO) Position; Alaska Air Group (ALK)’s Sentiment Is 0.99

March 14, 2018 - By Richard Conner

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $8.18 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.97 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

Waterfront Capital Partners Llc increased Vornado Rlty Tr (VNO) stake by 275.06% reported in 2017Q3 SEC filing. Waterfront Capital Partners Llc acquired 206,298 shares as Vornado Rlty Tr (VNO)’s stock declined 14.33%. The Waterfront Capital Partners Llc holds 281,298 shares with $21.63 million value, up from 75,000 last quarter. Vornado Rlty Tr now has $13.81 billion valuation. The stock decreased 0.06% or $0.04 during the last trading session, reaching $68.18. About 364,388 shares traded. Vornado Realty Trust (NYSE:VNO) has risen 1.51% since March 14, 2017 and is uptrending. It has underperformed by 15.19% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 5 sales for $989,848 activity.

Ratings analysis reveals 50% of Alaska Air’s analysts are positive. Out of 6 Wall Street analysts rating Alaska Air, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $74.0 while the high is $122.0. The stock’s average target of $98.67 is 48.29% above today’s ($66.54) share price. ALK was included in 6 notes of analysts from September 23, 2016. As per Thursday, February 9, the company rating was maintained by Cowen & Co. The rating was initiated by Imperial Capital on Friday, September 23 with “In-Line”. Bank of America upgraded Alaska Air Group, Inc. (NYSE:ALK) on Tuesday, January 10 to “Buy” rating. The stock has “Buy” rating by Buckingham Research on Thursday, October 13. The firm earned “Overweight” rating on Thursday, December 15 by Barclays Capital. The firm has “Neutral” rating given on Friday, November 18 by Citigroup.

Tanaka Capital Management Inc holds 3.38% of its portfolio in Alaska Air Group, Inc. for 19,855 shares. Egerton Capital (Uk) Llp owns 4.48 million shares or 3.05% of their US portfolio. Moreover, Goodman Financial Corp has 2.98% invested in the company for 79,845 shares. The Massachusetts-based Shellback Capital Lp has invested 2.96% in the stock. Horizon Investment Services Llc, a Indiana-based fund reported 67,318 shares.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on April, 25. They expect $-0.16 earnings per share, down 115.24% or $1.21 from last year’s $1.05 per share. After $0.83 actual earnings per share reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -119.28% negative EPS growth.

The stock decreased 3.27% or $2.25 during the last trading session, reaching $66.54. About 1.46 million shares traded. Alaska Air Group, Inc. (ALK) has risen 29.33% since March 14, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.06, from 1.05 in 2017Q2. It turned negative, as 52 investors sold VNO shares while 118 reduced holdings. 39 funds opened positions while 139 raised stakes. 160.36 million shares or 0.00% less from 160.36 million shares in 2017Q2 were reported. New York State Common Retirement Fund reported 0.04% stake. Cohen & Steers Inc has 5.08 million shares. Kentucky Retirement Insur Fund accumulated 4,555 shares or 0.06% of the stock. Moreover, Virtus Advisers has 0.03% invested in Vornado Realty Trust (NYSE:VNO) for 3,734 shares. Hsbc Hldgs Public Ltd, United Kingdom-based fund reported 439,267 shares. California State Teachers Retirement Systems holds 0.05% or 301,207 shares in its portfolio. Clinton Group Inc holds 0.35% or 41,718 shares. 1.33 million are owned by Nuveen Asset Mgmt Ltd. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.02% invested in Vornado Realty Trust (NYSE:VNO). Prudential owns 408,597 shares. Johnson Investment Counsel Inc accumulated 0.01% or 4,113 shares. Old Mutual Customised Solutions (Proprietary) holds 0.07% or 6,600 shares. Moreover, C M Bidwell And Assocs Limited has 0% invested in Vornado Realty Trust (NYSE:VNO). Dekabank Deutsche Girozentrale invested in 0.01% or 14,070 shares. Strs Ohio holds 225,867 shares or 0.07% of its portfolio.

Among 13 analysts covering Vornado Realty Trust (NYSE:VNO), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Vornado Realty Trust had 31 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 14 by Sandler O’Neill. The company was upgraded on Tuesday, April 12 by Credit Suisse. The firm has “Outperform” rating given on Monday, July 10 by Evercore. On Tuesday, February 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Barclays Capital with “Equalweight” on Tuesday, July 19. The company was downgraded on Friday, December 15 by J.P. Morgan. The firm has “Neutral” rating by JP Morgan given on Friday, December 15. The stock of Vornado Realty Trust (NYSE:VNO) has “Equal-Weight” rating given on Tuesday, July 18 by Barclays Capital. Barclays Capital maintained Vornado Realty Trust (NYSE:VNO) rating on Tuesday, October 20. Barclays Capital has “Overweight” rating and $106 target. Deutsche Bank maintained Vornado Realty Trust (NYSE:VNO) on Monday, March 21 with “Hold” rating.

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