Cowen & Co. Restated Buy Rating For Alaska Air (ALK); Masco (MAS) Shorts Lowered By 22.58%

Masco Corporation (NYSE:MAS) Logo

In a note made public on Friday, 13 April, Alaska Air (NYSE:ALK) stock had its Buy Rating restate by investment analysts at Cowen & Co..

Masco Corporation (NYSE:MAS) had a decrease of 22.58% in short interest. MAS’s SI was 5.67M shares in April as released by FINRA. Its down 22.58% from 7.32 million shares previously. With 2.86M avg volume, 2 days are for Masco Corporation (NYSE:MAS)’s short sellers to cover MAS’s short positions. The SI to Masco Corporation’s float is 1.83%. The stock decreased 0.42% or $0.17 during the last trading session, reaching $40.65. About 2.00M shares traded. Masco Corporation (NYSE:MAS) has risen 19.95% since April 15, 2017 and is uptrending. It has outperformed by 8.40% the S&P500.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on April, 25. They expect $-0.16 EPS, down 115.24% or $1.21 from last year’s $1.05 per share. After $0.83 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -119.28% negative EPS growth.

Since February 16, 2018, it had 0 insider buys, and 5 insider sales for $989,848 activity. Shares for $511,780 were sold by BECK GARY L on Thursday, March 8. Shares for $152,474 were sold by HARRISON ANDREW R on Thursday, March 8. The insider BERRY CHRISTOPHER MICHAEL sold 789 shares worth $52,020. $97,695 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by LEVINE KYLE B on Wednesday, February 28. PEDERSEN BRANDON sold $175,879 worth of stock.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.35, from 1.34 in 2017Q3. It is negative, as 68 investors sold Alaska Air Group, Inc. 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. Missouri-based Scout Investments Incorporated has invested 0.4% in Alaska Air Group, Inc. (NYSE:ALK). Proshare Advisors Lc has 0.02% invested in Alaska Air Group, Inc. (NYSE:ALK) for 33,273 shares. The Washington-based Cornerstone Advsr has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Teachers Retirement Sys Of The State Of Kentucky owns 63,864 shares for 0.06% of their portfolio. 109 are owned by Howe Rusling. Sector Pension Investment Board, a Quebec – Canada-based fund reported 25,141 shares. 50,000 were accumulated by Altimeter Management Lp. Cetera Advisors Ltd Liability has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Atria Invs Limited Liability Corporation holds 0.01% or 3,017 shares. Dimensional Fund Advsr Lp, Texas-based fund reported 1.33M shares. Peddock Limited Liability owns 3,339 shares or 0.12% of their US portfolio. Aureus Asset Limited Liability Corp has 0.03% invested in Alaska Air Group, Inc. (NYSE:ALK) for 3,044 shares. M&T Retail Bank Corporation accumulated 38,805 shares. Tcw Gru invested 0.01% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Mitchell Capital Mgmt invested 0.09% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK).

The stock increased 6.11% or $3.68 during the last trading session, reaching $63.95. About 4.58 million shares traded or 70.58% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since April 15, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

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 has $145 highest and $9 lowest target. $85.31’s average target is 33.40% above currents $63.95 stock price. Alaska Air Group had 82 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Friday, January 22. The firm earned “Neutral” rating on Thursday, January 7 by Credit Suisse. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “In-Line” rating by Imperial Capital on Thursday, February 1. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 10. Citigroup maintained the shares of ALK in report on Monday, September 18 with “Neutral” rating. The firm earned “Buy” rating on Sunday, August 20 by Stifel Nicolaus. The rating was downgraded by Raymond James on Tuesday, June 14 to “Outperform”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, May 25. Imperial Capital maintained the stock with “In-Line” rating in Friday, February 10 report. Morgan Stanley maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Monday, September 18. Morgan Stanley has “Overweight” rating and $91 target.

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 $7.89 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.66 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.

Masco Corporation designs, manufactures, markets, and distributes home improvement and building products worldwide. The company has market cap of $12.66 billion. The Company’s Plumbing Products segment provides faucets, showerheads, handheld showers, valves, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools and systems, brass and copper plumbing system components, and other non-decorative plumbing products. It has a 24.49 P/E ratio. The companyÂ’s Decorative Architectural Products segment offers architectural coatings, including paints, primers, specialty paints, stains, and waterproofing products; cabinet, door, window, and hardware products; and functional hardware, wall plates, hook and rail products, and picture hanging accessories, as well as decorative bath hardware, shower accessories, and shower doors.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.02, from 0.98 in 2017Q3. It increased, as 26 investors sold Masco Corporation shares while 199 reduced holdings. 77 funds opened positions while 149 raised stakes. 272.45 million shares or 1.07% less from 275.40 million shares in 2017Q3 were reported. Grs Advsrs Lc owns 160,139 shares. Hallmark Management Inc holds 0.08% or 14,583 shares. M&T Comml Bank Corp owns 22,714 shares. Chesapeake Asset Management Limited Co accumulated 50,000 shares or 2.12% of the stock. Proshare Advsr Lc, Maryland-based fund reported 59,863 shares. Gam Ag accumulated 19,348 shares. Buckingham Cap Mngmt Incorporated reported 0.56% of its portfolio in Masco Corporation (NYSE:MAS). Marketfield Asset Ltd Liability Com invested in 1.15% or 97,106 shares. 534,500 are owned by Pggm Investments. Trustco Fincl Bank N Y holds 0.67% or 14,800 shares in its portfolio. Aristotle Capital Mgmt Ltd Com accumulated 6,100 shares or 0% of the stock. First Mercantile Tru accumulated 11,300 shares or 0.1% of the stock. Us Fincl Bank De reported 392,429 shares. Montag A And Associate Inc accumulated 126,143 shares or 0.54% of the stock. Oakbrook Invests Lc owns 25,174 shares.

Among 24 analysts covering Masco (NYSE:MAS), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. Masco had 62 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Longbow on Thursday, April 6. On Tuesday, February 27 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Outperform” rating given on Friday, December 16 by Macquarie Research. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, April 26. Bank of America reinitiated the shares of MAS in report on Friday, September 23 with “Buy” rating. Jefferies maintained Masco Corporation (NYSE:MAS) rating on Wednesday, May 31. Jefferies has “Buy” rating and $4300 target. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, October 13 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, August 22. Robert W. Baird maintained Masco Corporation (NYSE:MAS) on Monday, August 28 with “Buy” rating. The firm has “Buy” rating given on Tuesday, October 6 by Goldman Sachs.

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

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