As Alaska Air Group (ALK) Market Valuation Declined, Menta Capital Has Raised Holding by $1.32 Million; As Travelport Worldwide LTD (TVPT) Stock Value Declined, Sankaty Advisors Cut by $20.32 Million Its Position

February 15, 2018 - By Linda Rogers

Menta Capital Llc increased its stake in Alaska Air Group Inc (ALK) by 305.26% based on its latest 2017Q3 regulatory filing with the SEC. Menta Capital Llc bought 17,400 shares as the company’s stock declined 12.45% while stock markets rallied. The hedge fund held 23,100 shares of the transportation company at the end of 2017Q3, valued at $1.76 million, up from 5,700 at the end of the previous reported quarter. Menta Capital Llc who had been investing in Alaska Air Group Inc for a number of months, seems to be bullish on the $8.22B market cap company. The stock decreased 0.19% or $0.13 during the last trading session, reaching $66.76. About 2.39 million shares traded. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since February 15, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Sankaty Advisors Llc decreased its stake in Travelport Worldwide Ltd (TVPT) by 99.18% based on its latest 2017Q3 regulatory filing with the SEC. Sankaty Advisors Llc sold 1.35M shares as the company’s stock declined 3.82% while stock markets rallied. The hedge fund held 11,228 shares of the transportation services company at the end of 2017Q3, valued at $176,000, down from 1.37 million at the end of the previous reported quarter. Sankaty Advisors Llc who had been investing in Travelport Worldwide Ltd for a number of months, seems to be less bullish one the $1.62B market cap company. The stock increased 1.66% or $0.21 during the last trading session, reaching $12.89. About 2.11 million shares traded or 9.89% up from the average. Travelport Worldwide Limited (NYSE:TVPT) has risen 5.67% since February 15, 2017 and is uptrending. It has underperformed by 11.03% the S&P500.

Among 6 analysts covering Travelport Worldwide Limited (NYSE:TVPT), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Travelport Worldwide Limited had 8 analyst reports since December 22, 2015 according to SRatingsIntel. The stock of Travelport Worldwide Limited (NYSE:TVPT) has “Buy” rating given on Tuesday, October 31 by Cowen & Co. Cowen & Co maintained the stock with “Buy” rating in Wednesday, June 28 report. Sterne Agee CRT reinitiated the shares of TVPT in report on Wednesday, April 13 with “Buy” rating. On Monday, January 23 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was initiated by Suntrust Robinson with “Neutral” on Tuesday, December 22. On Friday, January 5 the stock rating was downgraded by Evercore to “Underperform”. Cowen & Co maintained the stock with “Buy” rating in Wednesday, August 2 report.

Analysts await Travelport Worldwide Limited (NYSE:TVPT) to report earnings on February, 20. They expect $0.01 earnings per share, down 93.33% or $0.14 from last year’s $0.15 per share. TVPT’s profit will be $1.25 million for 322.25 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Travelport Worldwide Limited for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

Investors sentiment increased to 1.34 in Q3 2017. Its up 0.19, from 1.15 in 2017Q2. It improved, as 53 investors sold ALK shares while 131 reduced holdings. 68 funds opened positions while 179 raised stakes. 105.25 million shares or 1.07% less from 106.39 million shares in 2017Q2 were reported. 23,618 are held by Affinity Investment Ltd Company. Perkins Coie Communications accumulated 300 shares. Wexford Limited Partnership stated it has 0.44% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Schwab Charles Inv invested in 673,178 shares. 11,833 are owned by Cibc Asset. Envestnet Asset Mngmt reported 58,847 shares or 0.01% of all its holdings. U S Glob Investors accumulated 62,850 shares or 1.76% of the stock. Birinyi Associate Incorporated invested in 0.44% or 12,250 shares. Credit Suisse Ag stated it has 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Moreover, Howe And Rusling Inc has 0% invested in Alaska Air Group, Inc. (NYSE:ALK) for 109 shares. First Foundation Advisors invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Montana-based Davidson Invest Advsrs has invested 0.91% in Alaska Air Group, Inc. (NYSE:ALK). State Of New Jersey Common Pension Fund D reported 585,000 shares or 0.18% of all its holdings. Cibc Ww Mkts Inc reported 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). State Board Of Administration Of Florida Retirement Systems holds 174,543 shares or 0.04% of its portfolio.

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