Scoria Capital Partners LP Raised Alaska Air Group (ALK) Holding by $890,000; Share Value Declined; Kingstown Capital Management LP Position In Bank New York Mellon (BK) Was Has Raised

November 15, 2017 - By Neil V. Hobbs

Scoria Capital Partners Lp increased its stake in Alaska Air Group Inc (ALK) by 100% based on its latest 2017Q2 regulatory filing with the SEC. Scoria Capital Partners Lp bought 10,000 shares as the company’s stock declined 12.45% while stock markets rallied. The institutional investor held 20,000 shares of the transportation company at the end of 2017Q2, valued at $1.80 million, up from 10,000 at the end of the previous reported quarter. Scoria Capital Partners Lp who had been investing in Alaska Air Group Inc for a number of months, seems to be bullish on the $7.72B market cap company. The stock rose 1.65% or $1.02 reaching $62.71 per share. About 243,680 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since November 15, 2016 and is uptrending. It has outperformed by 12.63% the S&P500.

Michael Blitzer increased its stake in Bank New York Mellon Corp (BK) by 20% based on its latest 2017Q2 regulatory filing with the SEC. Kingstown Capital Management Lp bought 250,000 shares as the company’s stock declined 1.27% while stock markets rallied. The hedge fund run by Michael Blitzer held 1.50 million shares of the major banks company at the end of 2017Q2, valued at $76.53 million, up from 1.25M at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $53.45B market cap company. The stock declined 0.23% or $0.12 reaching $51.73 on the news. About 412,693 shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since November 15, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Among 22 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. The Bank Of New York Mellon Corporation had 62 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Underperform” rating in Monday, May 29 report. The rating was upgraded by Morgan Stanley on Friday, October 21 to “Equal-Weight”. The stock has “Hold” rating by Standpoint Research on Sunday, August 9. The firm earned “Neutral” rating on Monday, October 9 by Citigroup. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, October 20 report. The company was downgraded on Monday, April 24 by Credit Suisse. UBS maintained Bank of New York Mellon Corp (NYSE:BK) rating on Friday, January 22. UBS has “Buy” rating and $42 target. Jefferies maintained Bank of New York Mellon Corp (NYSE:BK) on Monday, June 19 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, June 22. The firm has “Neutral” rating by Buckingham Research given on Monday, November 21.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Pionline.com which released: “BNY Mellon Investment Management adds China sales executives” on November 09, 2017, also Reuters.com with their article: “BNY Mellon’s profit beat fails to impress, shares slide” published on October 19, 2017, Forbes.com published: “BNY Mellon Worth $55 As Custody Banking Business Is Booming” on November 03, 2017. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Prnewswire.com and their article: “BNY Mellon Announces Organizational Changes” published on November 13, 2017 as well as Prnewswire.com‘s news article titled: “BNY Mellon’s Pershing Expands Its Suite of Philanthropic Solutions” with publication date: November 06, 2017.

Investors sentiment increased to 0.89 in 2017 Q2. Its up 0.07, from 0.82 in 2017Q1. It improved, as 50 investors sold BK shares while 311 reduced holdings. 80 funds opened positions while 240 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. Amer Century Companies Incorporated has invested 0.23% in Bank of New York Mellon Corp (NYSE:BK). Fiduciary Wi invested in 9.04 million shares. Van Strum And Towne Inc has invested 0.16% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Sg Americas Securities Ltd Llc holds 0.03% or 70,666 shares in its portfolio. Westchester Capital Mngmt Inc invested 4.4% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Heritage Invsts Mgmt holds 5,220 shares or 0.02% of its portfolio. National Bank Of New York Mellon holds 7.60M shares or 0.11% of its portfolio. Quantitative Invest Mngmt stated it has 628,500 shares. Geneva Advisors Llc stated it has 10,089 shares or 0.01% of all its holdings. South State Corp has 0.04% invested in Bank of New York Mellon Corp (NYSE:BK) for 5,615 shares. Cwm Ltd Llc invested in 0% or 930 shares. Sumitomo Mitsui Holdg reported 3.37 million shares. 92,750 were accumulated by Garland Capital. Edgewood Management Ltd Com has invested 0.01% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Abner Herrman And Brock Ltd Com holds 1.75% or 181,392 shares in its portfolio.

Among 15 analysts covering Alaska Air Group (NYSE:ALK), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Alaska Air Group had 66 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, October 26 by Cowen & Co. The firm earned “Buy” rating on Monday, October 23 by Stifel Nicolaus. Imperial Capital initiated Alaska Air Group, Inc. (NYSE:ALK) rating on Friday, September 23. Imperial Capital has “In-Line” rating and $74 target. The firm earned “Overweight” rating on Thursday, August 17 by Morgan Stanley. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Outperform” rating given on Tuesday, August 18 by Cowen & Co. On Tuesday, June 20 the stock rating was maintained by Cowen & Co with “Outperform”. The company was maintained on Sunday, August 20 by Stifel Nicolaus. The stock has “Overweight” rating by Morgan Stanley on Monday, September 18. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, February 9 report. Stifel Nicolaus maintained it with “Buy” rating and $125.0 target in Thursday, September 21 report.

Scoria Capital Partners Lp, which manages about $466.06 million and $40.88M US Long portfolio, decreased its stake in Nextera Energy Inc (NYSE:NEE) by 19,650 shares to 18,750 shares, valued at $2.63 million in 2017Q2, according to the filing. It also reduced its holding in Concho Res Inc (NYSE:CXO) by 11,000 shares in the quarter, leaving it with 9,000 shares, and cut its stake in Exelon Corp (NYSE:EXC).

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.04, from 1.11 in 2017Q1. It improved, as 51 investors sold ALK shares while 150 reduced holdings. 64 funds opened positions while 168 raised stakes. 106.39 million shares or 3.26% less from 109.97 million shares in 2017Q1 were reported. Caxton Assoc LP reported 90,400 shares. Vanguard holds 11.83M shares. Epoch Prtnrs owns 102,354 shares or 0.03% of their US portfolio. Brown Brothers Harriman And holds 0% in Alaska Air Group, Inc. (NYSE:ALK) or 275 shares. Coldstream Cap owns 15,791 shares. Insight Capital Research Management Inc reported 2,395 shares stake. Keybank Association Oh accumulated 0.01% or 21,474 shares. Redmond Asset Management Limited Company reported 24,094 shares stake. Winfield Assoc Incorporated accumulated 130 shares. 500 were accumulated by Sandy Spring Comml Bank. Gateway Investment Advisers Limited Liability Co invested 0.09% in Alaska Air Group, Inc. (NYSE:ALK). Stifel Financial reported 30,172 shares. Retirement Of Alabama holds 0.03% in Alaska Air Group, Inc. (NYSE:ALK) or 59,930 shares. Pnc Services invested in 0.01% or 79,736 shares. Texas-based Dimensional Fund Advsrs LP has invested 0.05% in Alaska Air Group, Inc. (NYSE:ALK).

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