Lateef Investment Management LP Maintains Stake in Alaska Air Group (ALK); Investec Asset Management LTD Has Trimmed Scorpio Tankers (STNG) Holding by $1.08 Million; Market Value Declined

May 18, 2018 - By Henry Gaston

Scorpio Tankers Inc. (NYSE:STNG) Logo

Investec Asset Management Ltd decreased its stake in Scorpio Tankers Inc (STNG) by 8.63% based on its latest 2017Q4 regulatory filing with the SEC. Investec Asset Management Ltd sold 358,775 shares as the company’s stock declined 36.71% with the market. The institutional investor held 3.80M shares of the marine transportation company at the end of 2017Q4, valued at $11.58M, down from 4.16M at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Scorpio Tankers Inc for a number of months, seems to be less bullish one the $931.88 million market cap company. The stock increased 0.36% or $0.01 during the last trading session, reaching $2.81. About 1.63M shares traded. Scorpio Tankers Inc. (NYSE:STNG) has declined 52.61% since May 18, 2017 and is downtrending. It has underperformed by 64.16% the S&P500.




Lateef Investment Management Lp increased its stake in Alaska Air Group Inc (ALK) by 3.49% based on its latest 2017Q4 regulatory filing with the SEC. Lateef Investment Management Lp bought 11,110 shares as the company’s stock declined 17.22% with the market. The institutional investor held 329,141 shares of the transportation company at the end of 2017Q4, valued at $24.20M, up from 318,031 at the end of the previous reported quarter. Lateef Investment Management Lp who had been investing in Alaska Air Group Inc for a number of months, seems to be bullish on the $7.17B market cap company. The stock decreased 0.71% or $0.415 during the last trading session, reaching $58.185. About 406,885 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since May 18, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

More important recent Scorpio Tankers Inc. (NYSE:STNG) news were published by: Globenewswire.com which released: “Scorpio Tankers Inc. Announces Commitments for New Loan Facilities” on May 01, 2018, also Globenewswire.com published article titled: “Scorpio Tankers Announces Sale and Leaseback Agreements for Five Product Tankers”, Globenewswire.com published: “Scorpio Tankers Inc. Announces Offer to Exchange Existing Convertible Notes” on May 10, 2018. More interesting news about Scorpio Tankers Inc. (NYSE:STNG) was released by: Hellenicshippingnews.com and their article: “DNB Markets Upgrades Scorpio Tankers (NYSE:STNG) to Buy” with publication date: May 15, 2018.

Analysts await Scorpio Tankers Inc. (NYSE:STNG) to report earnings on September, 17. They expect $-0.10 earnings per share, down 11.11% or $0.01 from last year’s $-0.09 per share. After $-0.10 actual earnings per share reported by Scorpio Tankers Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investec Asset Management Ltd, which manages about $24.34 billion US Long portfolio, upped its stake in Canadian National Railway Co (NYSE:CNI) by 39,919 shares to 591,737 shares, valued at $48.82 million in 2017Q4, according to the filing. It also increased its holding in Norfolk Southern Corp (NYSE:NSC) by 19,557 shares in the quarter, for a total of 1.63 million shares, and has risen its stake in Bristow Group Inc (NYSE:BRS).

Among 11 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Scorpio Tankers Inc. had 38 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 26 the stock rating was downgraded by UBS to “Neutral”. As per Friday, July 1, the company rating was upgraded by ABN Amro. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 15. The firm earned “Overweight” rating on Friday, November 17 by Morgan Stanley. UBS upgraded the stock to “Buy” rating in Monday, November 13 report. DNB Markets upgraded the shares of STNG in report on Wednesday, April 25 to “Buy” rating. Stifel Nicolaus maintained Scorpio Tankers Inc. (NYSE:STNG) rating on Friday, May 26. Stifel Nicolaus has “Buy” rating and $8 target. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Buy” rating given on Friday, May 12 by Bank of America. As per Friday, July 21, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Friday, May 26 by Seaport Global.

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. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Hold” rating given on Tuesday, April 24 by Imperial Capital. The stock has “Market Perform” rating by Cowen & Co on Thursday, February 9. The firm has “Buy” rating by Buckingham Research given on Thursday, October 26. The firm has “Buy” rating given on Friday, January 22 by Deutsche Bank. The firm has “Buy” rating by Cowen & Co given on Monday, October 16. On Monday, May 16 the stock rating was reinitiated by Cowen & Co with “Outperform”. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Buy” rating given on Thursday, May 25 by Stifel Nicolaus. The firm has “Outperform” rating given on Tuesday, June 14 by Raymond James. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Neutral” rating by Bank of America on Tuesday, April 5.

Investors sentiment decreased to 0.99 in Q4 2017. 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. 4,400 were reported by E&G Advisors Limited Partnership. Jlb & Associate stated it has 0.53% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Primecap Mgmt Communication Ca reported 0.34% stake. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma has invested 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). First Midwest Bancshares Trust Division holds 3,000 shares. Loomis Sayles And Co LP owns 0.02% invested in Alaska Air Group, Inc. (NYSE:ALK) for 111,704 shares. Anchor Advisors Ltd Liability Com has 0.03% invested in Alaska Air Group, Inc. (NYSE:ALK) for 13,179 shares. 123,680 were accumulated by Sei Investments. U S Glob Investors Inc stated it has 1.88% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Nordea Invest Management stated it has 0% in Alaska Air Group, Inc. (NYSE:ALK). Farmers Merchants has invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Pennsylvania-based Stevens Management Lp has invested 0.08% in Alaska Air Group, Inc. (NYSE:ALK). Qs Ltd Liability has invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Jpmorgan Chase And has 345,312 shares. Bancorporation Of Montreal Can has 0.01% invested in Alaska Air Group, Inc. (NYSE:ALK).

Since February 16, 2018, it had 0 insider purchases, and 5 sales for $989,848 activity. On Wednesday, February 28 the insider LEVINE KYLE B sold $97,695. 7,880 shares valued at $511,780 were sold by BECK GARY L on Thursday, March 8. PEDERSEN BRANDON sold 2,700 shares worth $175,879. 2,350 shares were sold by HARRISON ANDREW R, worth $152,474.

Lateef Investment Management Lp, which manages about $5.98 billion and $1.05 billion US Long portfolio, decreased its stake in Anthem Inc (NYSE:ANTM) by 21,432 shares to 174,513 shares, valued at $39.27 million in 2017Q4, according to the filing. It also reduced its holding in Synchrony Financial (NYSE:SYF) by 95,178 shares in the quarter, leaving it with 845,985 shares, and cut its stake in Xpo Logistics Inc (NYSE:XPO).

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

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