As Alaska Air Group (ALK) Market Value Declined, Cambridge Investment Research Advisors Has Lowered Its Position by $936,371; Karpus Management Position in Mfs Inter Income Tr Sh Ben Int (MIN) Lowered by $6.58 Million as Market Value Declined

April 21, 2018 - By Richard Conner

Cambridge Investment Research Advisors Inc decreased its stake in Alaska Air Group (ALK) by 57.54% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc sold 12,827 shares as the company’s stock declined 17.22% with the market. The institutional investor held 9,465 shares of the transportation company at the end of 2017Q4, valued at $696,000, down from 22,292 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Alaska Air Group for a number of months, seems to be less bullish one the $8.07B market cap company. The stock decreased 0.20% or $0.13 during the last trading session, reaching $65.39. About 1.76M shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since April 21, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Karpus Management Inc decreased its stake in Mfs Inter Income Tr Sh Ben Int (MIN) by 43.93% based on its latest 2017Q4 regulatory filing with the SEC. Karpus Management Inc sold 1.64 million shares as the company’s stock declined 4.80% with the market. The institutional investor held 2.10 million shares of the company at the end of 2017Q4, valued at $8.71M, down from 3.74 million at the end of the previous reported quarter. Karpus Management Inc who had been investing in Mfs Inter Income Tr Sh Ben Int for a number of months, seems to be less bullish one the $455.63 million market cap company. The stock increased 0.26% or $0.01 during the last trading session, reaching $3.87. About 160,941 shares traded. MFS Intermediate Income Trust (NYSE:MIN) has declined 7.63% since April 21, 2017 and is downtrending. It has underperformed by 19.18% the S&P500.

Since February 16, 2018, it had 0 insider purchases, and 5 selling transactions for $989,848 activity. 1,503 shares were sold by LEVINE KYLE B, worth $97,695 on Wednesday, February 28. BECK GARY L sold $511,780 worth of stock. $175,879 worth of stock was sold by PEDERSEN BRANDON on Friday, February 16. The insider HARRISON ANDREW R sold $152,474.

Among 17 analysts covering Alaska Air Group (NYSE:ALK), 8 have Buy rating, 2 Sell and 7 Hold. Therefore 47% are positive. Alaska Air Group had 86 analyst reports since July 24, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 23 report. Barclays Capital initiated the shares of ALK in report on Thursday, December 15 with “Overweight” rating. Cowen & Co downgraded the stock to “Market Perform” rating in Wednesday, January 4 report. Deutsche Bank maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Friday, July 24. Deutsche Bank has “Hold” rating and $73 target. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, November 1. The stock has “In-Line” rating by Imperial Capital on Friday, October 21. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Overweight” rating given on Monday, November 13 by Morgan Stanley. The rating was maintained by Cowen & Co on Friday, December 4 with “Outperform”. Bank of America downgraded the shares of ALK in report on Tuesday, January 9 to “Hold” rating. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Outperform” rating given on Monday, May 16 by Cowen & Co.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on April, 23 before the open. They expect $-0.15 earnings per share, down 114.29% or $1.20 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 -118.07% negative EPS growth.

Cambridge Investment Research Advisors Inc, which manages about $19.96B and $8.50 billion US Long portfolio, upped its stake in Hewlett Packard Enterprise by 23,602 shares to 243,649 shares, valued at $3.50M in 2017Q4, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 3,947 shares in the quarter, for a total of 183,271 shares, and has risen its stake in Bce (NYSE:BCE).

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.35, from 1.34 in 2017Q3. It turned negative, as 68 investors sold ALK shares while 156 reduced holdings. 80 funds opened positions while 142 raised stakes. 102.14 million shares or 2.96% less from 105.25 million shares in 2017Q3 were reported. 76,673 were reported by Highbridge Capital Ltd Liability Com. Mason Street Advsr Ltd Liability holds 0.03% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 17,139 shares. Dekabank Deutsche Girozentrale holds 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 5,831 shares. Parallax Volatility Advisers Lp reported 2,880 shares stake. Perkins Coie Trust Company has invested 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Wexford Capital Lp stated it has 60,740 shares. Timber Creek Management Limited Liability Corporation reported 0.03% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Lenox Wealth Mngmt Incorporated reported 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Boston Advsr holds 17,156 shares. Jane Street Group Limited Co reported 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Westpac Corp has invested 0.07% in Alaska Air Group, Inc. (NYSE:ALK). Nuveen Asset Mgmt Limited Liability Corp has 11,878 shares for 0.01% of their portfolio. Perigon Wealth Limited Liability Company owns 0.01% invested in Alaska Air Group, Inc. (NYSE:ALK) for 190 shares. 2,720 are held by Regentatlantic Cap Ltd Liability Co. Baker Ellis Asset Mngmt Ltd Limited Liability Company holds 6,050 shares or 0.11% of its portfolio.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.26, from 0.92 in 2017Q3. It increased, as 7 investors sold MIN shares while 15 reduced holdings. 10 funds opened positions while 16 raised stakes. 35.90 million shares or 4.91% more from 34.22 million shares in 2017Q3 were reported. The Pennsylvania-based Janney Montgomery Scott Lc has invested 0% in MFS Intermediate Income Trust (NYSE:MIN). Brave Asset Management Inc invested in 0.06% or 27,800 shares. Moreover, Lpl Fin Ltd Liability Corporation has 0.01% invested in MFS Intermediate Income Trust (NYSE:MIN) for 809,609 shares. Raymond James & Associates invested 0% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN). Karpus Management has invested 0.4% in MFS Intermediate Income Trust (NYSE:MIN). Fifth Third National Bank & Trust invested 0% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN). Stifel Corporation holds 0% in MFS Intermediate Income Trust (NYSE:MIN) or 13,160 shares. Mngmt Grp Ltd has invested 0.52% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN). Sei Invs reported 2,108 shares. Trust Company Of Vermont accumulated 930 shares or 0% of the stock. Morgan Stanley owns 0% invested in MFS Intermediate Income Trust (NYSE:MIN) for 968,698 shares. Retail Bank Of America Corp De reported 1.31M shares or 0% of all its holdings. 1607 Cap Prtnrs Ltd Llc has invested 0.58% in MFS Intermediate Income Trust (NYSE:MIN). Stratos Wealth Prns Ltd holds 0% or 2,828 shares. Highlander Mngmt Limited Liability Company reported 400 shares.

Karpus Management Inc, which manages about $2.60B and $2.17B US Long portfolio, upped its stake in Invesco Value Mun Income Tr Com (IIM) by 1.80M shares to 2.85M shares, valued at $42.42M in 2017Q4, according to the filing. It also increased its holding in Nuveen Ny Amt Free Mun Income Com (NRK) by 615,849 shares in the quarter, for a total of 2.36 million shares, and has risen its stake in Vanguard Bd Index Fd Inc Long Term Bond (BLV).

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

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By1 Richard Conner

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