Tower Research Capital Trc Increased Progressive Ohio (PGR) Position By $440,160; Alaska Air Group (ALK) Shorts Raised By 1.95%

May 23, 2018 - By Louis Casey

The Progressive Corporation (NYSE:PGR) Logo

Alaska Air Group Inc (NYSE:ALK) had an increase of 1.95% in short interest. ALK’s SI was 6.77 million shares in May as released by FINRA. Its up 1.95% from 6.64 million shares previously. With 1.68 million avg volume, 4 days are for Alaska Air Group Inc (NYSE:ALK)’s short sellers to cover ALK’s short positions. The SI to Alaska Air Group Inc’s float is 5.52%. The stock increased 0.31% or $0.18 during the last trading session, reaching $58.36. About 774,239 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since May 23, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Tower Research Capital Llc Trc increased Progressive Corp Ohio (PGR) stake by 10342.11% reported in 2017Q4 SEC filing. Tower Research Capital Llc Trc acquired 7,860 shares as Progressive Corp Ohio (PGR)’s stock rose 7.49%. The Tower Research Capital Llc Trc holds 7,936 shares with $447,000 value, up from 76 last quarter. Progressive Corp Ohio now has $36.15B valuation. The stock increased 0.15% or $0.09 during the last trading session, reaching $62.08. About 1.32 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 23, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 69 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, May 18, the company rating was upgraded by Deutsche Bank. The firm has “Hold” rating given on Thursday, May 17 by Keefe Bruyette & Woods. Morgan Stanley upgraded the shares of PGR in report on Thursday, January 5 to “Equal-Weight” rating. FBR Capital maintained the shares of PGR in report on Tuesday, July 18 with “Hold” rating. As per Monday, September 21, the company rating was initiated by Sterne Agee CRT. As per Thursday, January 25, the company rating was maintained by M Partners. The company was maintained on Wednesday, March 14 by Keefe Bruyette & Woods. The company was maintained on Wednesday, April 18 by Morgan Stanley. The stock has “Buy” rating by UBS on Thursday, January 25. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, April 17.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.10, from 1.07 in 2017Q3. It improved, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Strs Ohio stated it has 39,611 shares. Laurion Mgmt Ltd Partnership reported 99,254 shares. Nelson Van Denburg & Campbell Wealth Management Gp Llc holds 0.12% or 9,411 shares in its portfolio. Rhumbline Advisers accumulated 1.16 million shares. 83,210 are owned by Walleye Trading Ltd Co. Comerica Commercial Bank reported 194,920 shares stake. Deutsche National Bank & Trust Ag, a Germany-based fund reported 3.98M shares. Ariel Invs Limited Co stated it has 946,873 shares. Ellington Mgmt Group Lc reported 0.08% in The Progressive Corporation (NYSE:PGR). Congress Asset Mngmt Ma holds 960,861 shares. The Texas-based Fayez Sarofim And has invested 0% in The Progressive Corporation (NYSE:PGR). Pekin Singer Strauss Asset Il owns 4,000 shares or 0.04% of their US portfolio. Thrivent Fincl For Lutherans stated it has 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR). Umb State Bank N A Mo stated it has 0.14% in The Progressive Corporation (NYSE:PGR). The Pennsylvania-based Alphaone Ltd Liability Company has invested 0.03% in The Progressive Corporation (NYSE:PGR).

Tower Research Capital Llc Trc decreased Dril (NYSE:DRQ) stake by 7,603 shares to 472 valued at $22,000 in 2017Q4. It also reduced Irobot Corp (NASDAQ:IRBT) stake by 10,309 shares and now owns 240 shares. Spdr S&P 500 Etf Tr (SPY) was reduced too.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Seekingalpha.com which published an article titled: “Progressive’s Dashboard Report – April 2018 Update” on May 17, 2018.

Since April 25, 2018, it had 0 insider purchases, and 4 selling transactions for $2.28 million activity. 2,000 The Progressive Corporation (NYSE:PGR) shares with value of $121,236 were sold by Broz Steven. The insider BASCH JEFFREY W sold 11,000 shares worth $665,940. Griffith Susan Patricia also sold $762,804 worth of The Progressive Corporation (NYSE:PGR) on Friday, May 18. Sauerland John P sold 12,000 shares worth $726,240.

Since February 16, 2018, it had 0 insider purchases, and 5 sales for $989,848 activity. 7,880 Alaska Air Group, Inc. (NYSE:ALK) shares with value of $511,780 were sold by BECK GARY L. LEVINE KYLE B had sold 1,503 shares worth $97,695. 789 Alaska Air Group, Inc. (NYSE:ALK) shares with value of $52,020 were sold by BERRY CHRISTOPHER MICHAEL. PEDERSEN BRANDON sold $175,879 worth of Alaska Air Group, Inc. (NYSE:ALK) on Friday, February 16. HARRISON ANDREW R sold 2,350 shares worth $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 90 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 “Overweight” rating on Thursday, December 15 by Barclays Capital. The company was downgraded on Tuesday, January 9 by Bank of America. Citigroup initiated the stock with “Neutral” rating in Friday, November 18 report. The firm earned “Hold” rating on Friday, October 23 by Deutsche Bank. The company was maintained on Thursday, February 4 by JP Morgan. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 26 report. Cowen & Co maintained the stock with “Buy” rating in Monday, October 16 report. The firm has “Market Perform” rating by Cowen & Co given on Thursday, February 9. The firm has “Neutral” rating given on Thursday, February 15 by UBS.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $7.19 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 6.99 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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.

By1 Louis Casey

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: