Scopus Asset Management LP Increases Holding in Westlake Chem (WLK); Holder Huntington National Bank Has Raised Air Lease (AL) Holding

January 14, 2018 - By Dolores Ford

Alexander Mitchell increased its stake in Westlake Chem Corp (WLK) by 12.24% based on its latest 2017Q3 regulatory filing with the SEC. Scopus Asset Management Lp bought 49,075 shares as the company’s stock rose 1.98% with the market. The hedge fund run by Alexander Mitchell held 450,075 shares of the major chemicals company at the end of 2017Q3, valued at $37.40M, up from 401,000 at the end of the previous reported quarter. Scopus Asset Management Lp who had been investing in Westlake Chem Corp for a number of months, seems to be bullish on the $14.71B market cap company. The stock increased 0.61% or $0.69 during the last trading session, reaching $113.94. About 328,391 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since January 14, 2017 and is uptrending. It has outperformed by 28.35% the S&P500.

Huntington National Bank increased its stake in Air Lease Corp (AL) by 16.41% based on its latest 2017Q3 regulatory filing with the SEC. Huntington National Bank bought 15,710 shares as the company’s stock declined 4.16% while stock markets rallied. The institutional investor held 111,420 shares of the diversified commercial services company at the end of 2017Q3, valued at $4.75M, up from 95,710 at the end of the previous reported quarter. Huntington National Bank who had been investing in Air Lease Corp for a number of months, seems to be bullish on the $5.18B market cap company. The stock increased 0.66% or $0.33 during the last trading session, reaching $50.13. About 490,325 shares traded. Air Lease Corporation (NYSE:AL) has risen 29.12% since January 14, 2017 and is uptrending. It has outperformed by 12.42% the S&P500.

Since August 8, 2017, it had 0 buys, and 6 insider sales for $3.77 million activity. 11,000 shares were sold by Khatibi Alex A, worth $440,000. Another trade for 10,000 shares valued at $430,000 was sold by Chen Jie. On Friday, December 15 Korde Kishore sold $89,980 worth of Air Lease Corporation (NYSE:AL) or 2,000 shares.

Huntington National Bank, which manages about $5.93B US Long portfolio, decreased its stake in General Mills Inc (NYSE:GIS) by 19,240 shares to 136,024 shares, valued at $7.04M in 2017Q3, according to the filing. It also reduced its holding in Southern Co (NYSE:SO) by 9,897 shares in the quarter, leaving it with 274,044 shares, and cut its stake in Ishares (Prn) (IJT).

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.01, from 1.15 in 2017Q2. It is positive, as 21 investors sold AL shares while 74 reduced holdings. 33 funds opened positions while 77 raised stakes. 90.80 million shares or 0.12% more from 90.69 million shares in 2017Q2 were reported. Swiss Bank owns 163,000 shares. Denali Advsr Ltd Com reported 0.7% of its portfolio in Air Lease Corporation (NYSE:AL). Rhumbline Advisers has invested 0.01% in Air Lease Corporation (NYSE:AL). Driehaus Cap Limited Liability Com reported 55,360 shares. First Republic Management holds 0% or 10,125 shares in its portfolio. Citadel Advsr Limited Liability Co invested in 0% or 96,482 shares. Panagora Asset Mngmt invested in 0% or 5,628 shares. 81,219 are held by Stevens Cap Ltd Partnership. Jpmorgan Chase owns 1,438 shares or 0% of their US portfolio. Prudential Finance Inc reported 255,979 shares stake. Basswood Cap Mgmt Ltd Liability holds 1.8% in Air Lease Corporation (NYSE:AL) or 919,405 shares. New York-based Arrowgrass Prtn (Us) Limited Partnership has invested 0.06% in Air Lease Corporation (NYSE:AL). Credit Suisse Ag stated it has 0% in Air Lease Corporation (NYSE:AL). Parkside Commercial Bank Trust owns 0.04% invested in Air Lease Corporation (NYSE:AL) for 2,193 shares. Tiaa Cref Investment Mgmt Limited Liability Com holds 0.01% or 342,860 shares.

Among 13 analysts covering Air Lease (NYSE:AL), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Air Lease had 40 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of AL in report on Friday, August 4 with “Buy” rating. Morgan Stanley maintained the shares of AL in report on Monday, November 13 with “Equal-Weight” rating. RBC Capital Markets maintained it with “Top Pick” rating and $70 target in Friday, November 6 report. RBC Capital Markets maintained Air Lease Corporation (NYSE:AL) on Thursday, November 2 with “Buy” rating. The firm earned “Top Pick” rating on Friday, May 6 by RBC Capital Markets. The stock of Air Lease Corporation (NYSE:AL) earned “Outperform” rating by FBR Capital on Friday, November 4. Credit Suisse maintained it with “Outperform” rating and $45 target in Monday, December 28 report. FBR Capital maintained it with “Outperform” rating and $45 target in Friday, May 5 report. RBC Capital Markets maintained it with “Buy” rating and $79.0 target in Thursday, September 21 report. Citigroup maintained Air Lease Corporation (NYSE:AL) rating on Monday, March 14. Citigroup has “Buy” rating and $50.50 target.

Scopus Asset Management Lp, which manages about $3.64B and $9.71B US Long portfolio, decreased its stake in Coach Inc (Call) (NYSE:COH) by 3.15M shares to 500,000 shares, valued at $20.14M in 2017Q3, according to the filing. It also reduced its holding in Terex Corp New (NYSE:TEX) by 40,000 shares in the quarter, leaving it with 138,200 shares, and cut its stake in Ishares Tr (Put) (IWM).

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.23, from 1.15 in 2017Q2. It increased, as 21 investors sold WLK shares while 61 reduced holdings. 55 funds opened positions while 58 raised stakes. 37.12 million shares or 5.60% less from 39.33 million shares in 2017Q2 were reported. Weiss Multi has 50,000 shares for 0.15% of their portfolio. Kennedy Management stated it has 0.17% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Envestnet Asset Mgmt stated it has 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Cubist Systematic Strategies Ltd Liability Corporation invested in 0.05% or 10,562 shares. Hussman Strategic Advsr accumulated 15,000 shares. Renaissance Technology reported 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). 534 are owned by Us Bancorp De. Contravisory Inv Mgmt reported 67,847 shares stake. Moreover, Quantitative Systematic Strategies Limited Liability Company has 0.05% invested in Westlake Chemical Corporation (NYSE:WLK). Sg Americas Securities Limited Liability Co owns 8,649 shares for 0.01% of their portfolio. Great West Life Assurance Communications Can holds 8,235 shares or 0% of its portfolio. Morgan Stanley, a New York-based fund reported 90,117 shares. Bnp Paribas Asset Mngmt Holding Sa accumulated 16,899 shares or 0.01% of the stock. 7,244 are held by State Of Wisconsin Inv Board. Wells Fargo Com Mn accumulated 76,709 shares.

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $968,620 activity.

Among 18 analysts covering Westlake Chemical (NYSE:WLK), 11 have Buy rating, 1 Sell and 6 Hold. Therefore 61% are positive. Westlake Chemical had 49 analyst reports since July 24, 2015 according to SRatingsIntel. JP Morgan maintained Westlake Chemical Corporation (NYSE:WLK) on Tuesday, August 16 with “Overweight” rating. RBC Capital Markets maintained Westlake Chemical Corporation (NYSE:WLK) rating on Friday, August 4. RBC Capital Markets has “Buy” rating and $8100 target. The firm earned “Neutral” rating on Monday, August 10 by Goldman Sachs. Citigroup maintained it with “Buy” rating and $97 target in Tuesday, October 24 report. On Friday, July 24 the stock rating was initiated by Nomura with “Neutral”. Tudor Pickering initiated Westlake Chemical Corporation (NYSE:WLK) on Friday, October 14 with “Hold” rating. The company was maintained on Monday, June 13 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $114.0 target in Thursday, November 9 report. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Overweight” rating by JP Morgan on Monday, May 16. RBC Capital Markets maintained Westlake Chemical Corporation (NYSE:WLK) rating on Wednesday, April 26. RBC Capital Markets has “Buy” rating and $75 target.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.