EPS for Orbotech Ltd. (ORBK) Expected At $0.90; Shellback Capital LP Increased Alaska Air Group (ALK) Stake

January 14, 2018 - By Ellis Scott

Shellback Capital Lp increased Alaska Air Group Inc. (ALK) stake by 7.5% reported in 2017Q3 SEC filing. Shellback Capital Lp acquired 30,000 shares as Alaska Air Group Inc. (ALK)’s stock declined 12.45%. The Shellback Capital Lp holds 430,000 shares with $32.80M value, up from 400,000 last quarter. Alaska Air Group Inc. now has $9.05B valuation. The stock decreased 1.72% or $1.29 during the last trading session, reaching $73.52. About 2.95M shares traded or 52.41% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since January 14, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Analysts expect Orbotech Ltd. (NASDAQ:ORBK) to report $0.90 EPS on February, 14.They anticipate $0.24 EPS change or 36.36% from last quarter’s $0.66 EPS. ORBK’s profit would be $43.11M giving it 14.19 P/E if the $0.90 EPS is correct. After having $0.86 EPS previously, Orbotech Ltd.’s analysts see 4.65% EPS growth. The stock increased 1.19% or $0.6 during the last trading session, reaching $51.09. About 117,382 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 49.39% since January 14, 2017 and is uptrending. It has outperformed by 32.69% the S&P500.

Among 16 analysts covering Alaska Air Group (NYSE:ALK), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Alaska Air Group had 74 analyst reports since July 24, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of ALK in report on Wednesday, July 27 to “Overweight” rating. As per Monday, September 11, the company rating was maintained by Cowen & Co. The stock has “Outperform” rating by Cowen & Co on Monday, April 24. Morgan Stanley maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Thursday, October 26. Morgan Stanley has “Overweight” rating and $91 target. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Hold” rating by Stifel Nicolaus on Tuesday, December 22. The firm has “Overweight” rating given on Monday, July 17 by Morgan Stanley. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, January 7. As per Wednesday, November 15, the company rating was upgraded by Raymond James. The firm has “In-Line” rating given on Friday, September 23 by Imperial Capital. The rating was upgraded by Stifel Nicolaus on Monday, March 20 to “Buy”.

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.19, from 1.15 in 2017Q2. It increased, as 53 investors sold ALK shares while 131 reduced holdings. 68 funds opened positions while 179 raised stakes. 105.25 million shares or 1.07% less from 106.39 million shares in 2017Q2 were reported. Cetera Advisors Ltd invested in 2,690 shares. Mckinley Cap Mgmt Ltd Com Delaware invested in 366,903 shares or 1.14% of the stock. Egerton Capital (Uk) Ltd Liability Partnership holds 4.48 million shares or 3.05% of its portfolio. 34,127 were accumulated by Jefferies Grp Incorporated Limited Liability Company. First Interstate Bank & Trust invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Amalgamated Natl Bank, a New York-based fund reported 24,563 shares. Cibc Corp stated it has 17,996 shares. Lazard Asset Mngmt Limited Liability Corp reported 0.03% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Jlb Assocs holds 34,147 shares or 0.64% of its portfolio. Brandywine Glob Invest Mgmt Limited Liability Company holds 25,084 shares or 0.01% of its portfolio. Smithfield Tru reported 0.02% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Canada Pension Plan Investment Board has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK). Nine Chapters Capital Mgmt Limited Liability invested 0.65% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Caxton LP has 0.17% invested in Alaska Air Group, Inc. (NYSE:ALK) for 63,500 shares. Glg Limited Liability Corporation invested in 0.33% or 67,501 shares.

Shellback Capital Lp decreased Vail Resorts Inc (NYSE:MTN) stake by 115,432 shares to 34,564 valued at $7.89M in 2017Q3. It also reduced Home Depot Inc (NYSE:HD) stake by 100,000 shares and now owns 225,000 shares. Carvana Co was reduced too.

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $408,160 activity. $205,993 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by TILDEN BRADLEY D on Tuesday, August 8. 2,350 shares valued at $202,167 were sold by HARRISON ANDREW R on Monday, August 7.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Orbotech had 20 analyst reports since September 8, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $42.0 target in Monday, September 11 report. The firm has “Overweight” rating given on Monday, December 21 by JP Morgan. The stock of Orbotech Ltd. (NASDAQ:ORBK) has “Overweight” rating given on Thursday, November 2 by Barclays Capital. The firm has “Buy” rating by Oppenheimer given on Wednesday, November 1. The rating was maintained by Needham on Thursday, December 10 with “Buy”. The company was maintained on Monday, July 10 by Jefferies. The company was maintained on Tuesday, November 7 by Needham. The stock has “Outperform” rating by Oppenheimer on Wednesday, December 2. RBC Capital Markets maintained the shares of ORBK in report on Friday, November 6 with “Outperform” rating. The firm has “Buy” rating by Lake Street given on Tuesday, September 8.

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