Alaska Air Group, Inc. (ALK) Forms $64.20 Double Bottom; Pointstate Capital LP Has Cut By $69.19 Million Its Time Warner (TWX) Position

January 31, 2018 - By Annabelle Johnson

Alaska Air Group, Inc. (ALK) formed double bottom with $62.27 target or 3.00% below today’s $64.20 share price. Alaska Air Group, Inc. (ALK) has $7.90B valuation. The stock decreased 1.95% or $1.28 during the last trading session, reaching $64.2. About 2.68M shares traded or 24.03% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since January 31, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Pointstate Capital Lp decreased Time Warner Inc (TWX) stake by 59.49% reported in 2017Q3 SEC filing. Pointstate Capital Lp sold 678,300 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Pointstate Capital Lp holds 461,900 shares with $47.32M value, down from 1.14 million last quarter. Time Warner Inc now has $73.54 billion valuation. The stock decreased 0.05% or $0.05 during the last trading session, reaching $94.45. About 6.09M shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 31, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, May 23 by Jefferies. The firm earned “Sector Perform” rating on Monday, October 24 by RBC Capital Markets. As per Friday, August 14, the company rating was maintained by Citigroup. The company was maintained on Monday, April 11 by JP Morgan. FBR Capital maintained Time Warner Inc. (NYSE:TWX) on Monday, October 24 with “Mkt Perform” rating. As per Thursday, November 5, the company rating was downgraded by CLSA. The stock of Time Warner Inc. (NYSE:TWX) has “” rating given on Friday, August 7 by Moffett Nathanson. Barclays Capital downgraded Time Warner Inc. (NYSE:TWX) rating on Friday, August 4. Barclays Capital has “Hold” rating and $10700 target. The stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given on Monday, June 26 by Jefferies. On Friday, September 11 the stock rating was maintained by Macquarie Research with “Outperform”.

Since December 14, 2017, it had 0 insider purchases, and 1 sale for $2.11 million activity. On Thursday, December 14 OLAFSSON OLAF sold $2.11M worth of Time Warner Inc. (NYSE:TWX) or 23,450 shares.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It fall, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. 30,620 are held by Nippon Life Insurance Communications. 1.60 million are held by Mitsubishi Ufj Tru &. 5,649 are owned by Quantbot Ltd Partnership. American Grp accumulated 231,902 shares. Moreover, Walleye Trading Ltd Liability Co has 0.37% invested in Time Warner Inc. (NYSE:TWX). Westpac Bk holds 0.52% in Time Warner Inc. (NYSE:TWX) or 229,230 shares. Fil Limited stated it has 0.49% in Time Warner Inc. (NYSE:TWX). 152,480 are held by Perella Weinberg Prns L P. Gam Ag has invested 0.22% in Time Warner Inc. (NYSE:TWX). Rhumbline Advisers owns 1.36 million shares. Smithfield Tru Com reported 2,032 shares stake. Findlay Park Ptnrs Limited Liability Partnership has invested 0.65% in Time Warner Inc. (NYSE:TWX). 2,122 were accumulated by Bryn Mawr. Next Group has 0.05% invested in Time Warner Inc. (NYSE:TWX) for 1,756 shares. Massachusetts Finance Com Ma accumulated 0.87% or 19.62 million shares.

Pointstate Capital Lp increased Salesforce Com Inc (NYSE:CRM) stake by 1.72M shares to 1.74M valued at $162.12 million in 2017Q3. It also upped Salesforce Com Inc (Call) (NYSE:CRM) stake by 100,800 shares and now owns 119,800 shares. Altaba Inc was raised too.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on February, 14. They expect $1.46 earnings per share, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14B for 16.17 P/E if the $1.46 EPS becomes a reality. After $1.82 actual earnings per share reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on February, 14. They expect $0.94 EPS, down 39.74% or $0.62 from last year’s $1.56 per share. ALK’s profit will be $115.67 million for 17.07 P/E if the $0.94 EPS becomes a reality. After $2.24 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -58.04% negative EPS growth.

Since August 7, 2017, it had 0 buys, and 2 selling transactions for $408,160 activity. $205,993 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by TILDEN BRADLEY D on Tuesday, August 8. HARRISON ANDREW R sold $202,167 worth of stock.

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.19, from 1.15 in 2017Q2. It improved, as 53 investors sold Alaska Air Group, Inc. 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. Eagle Ridge Invest Management has invested 0.03% in Alaska Air Group, Inc. (NYSE:ALK). Millennium Mgmt Limited Liability accumulated 0.1% or 868,562 shares. 41,639 are owned by Toronto Dominion Fincl Bank. Smithfield, a Pennsylvania-based fund reported 2,202 shares. Shufro Rose Lc owns 9,900 shares. Stephens Ar reported 0.02% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Grp Inc One Trading L P holds 21,497 shares. 18,991 were accumulated by Sector Pension Inv Board. Bokf Na invested in 0.09% or 40,540 shares. Par Cap Mngmt Incorporated owns 2.17% invested in Alaska Air Group, Inc. (NYSE:ALK) for 2.50 million shares. Invesco holds 0.03% or 1.01M shares. Quantbot Tech Lp reported 0.26% in Alaska Air Group, Inc. (NYSE:ALK). Ftb Advsrs reported 408 shares. Bessemer Group Inc Incorporated has 0% invested in Alaska Air Group, Inc. (NYSE:ALK). Court Place Advisors Ltd Limited Liability Company invested 0.24% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK).

Among 16 analysts covering Alaska Air Group (NYSE:ALK), 8 have Buy rating, 2 Sell and 6 Hold. Therefore 50% are positive. Alaska Air Group has $145 highest and $9 lowest target. $85.69’s average target is 33.47% above currents $64.2 stock price. Alaska Air Group had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 26. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Market Perform” rating by Cowen & Co on Wednesday, January 4. The stock has “Buy” rating by Cowen & Co on Friday, January 26. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 23. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, December 22. The firm earned “Strong Buy” rating on Wednesday, November 15 by Raymond James. The stock has “Overweight” rating by JP Morgan on Wednesday, July 27. The firm has “Outperform” rating by Raymond James given on Tuesday, June 14. On Monday, July 17 the stock rating was maintained by Morgan Stanley with “Overweight”. Morgan Stanley maintained Alaska Air Group, Inc. (NYSE:ALK) on Friday, January 26 with “Overweight” rating.