Rk Asset Management Lowered Its Allegiant Travel Co (ALGT) Stake; Westlake Chemical Partners LP (WLKP) Sentiment Is 0.98

Allegiant Travel Company (NASDAQ:ALGT) Logo

Rk Asset Management Llc decreased Allegiant Travel Co (ALGT) stake by 11.82% reported in 2018Q1 SEC filing. Rk Asset Management Llc sold 5,199 shares as Allegiant Travel Co (ALGT)’s stock declined 8.97%. The Rk Asset Management Llc holds 38,783 shares with $6.69 million value, down from 43,982 last quarter. Allegiant Travel Co now has $2.49 billion valuation. The stock increased 0.23% or $0.35 during the last trading session, reaching $154.3. About 121,782 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 6.35% since May 31, 2017 and is uptrending. It has underperformed by 6.22% the S&P500.

Westlake Chemical Partners LP (WLKP) investors sentiment decreased to 0.98 in Q1 2018. It’s down -0.33, from 1.31 in 2017Q4. The ratio is negative, as 136 hedge funds opened new or increased equity positions, while 139 sold and trimmed holdings in Westlake Chemical Partners LP. The hedge funds in our database reported: 42.71 million shares, down from 43.00 million shares in 2017Q4. Also, the number of hedge funds holding Westlake Chemical Partners LP in top ten equity positions decreased from 5 to 4 for a decrease of 1. Sold All: 33 Reduced: 106 Increased: 68 New Position: 68.

Ratings analysis reveals 100% of Westlake Chemical Partners’s analysts are positive. Out of 2 Wall Street analysts rating Westlake Chemical Partners, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $28.0 while the high is $30.0. The stock’s average target of $30 is 29.03% above today’s ($23.25) share price. WLKP was included in 3 notes of analysts from September 9, 2016. The firm earned “Outperform” rating on Friday, September 9 by FBR Capital. FBR Capital maintained the stock with “Outperform” rating in Wednesday, April 12 report. The firm earned “Buy” rating on Friday, January 20 by Tudor Pickering.

Robotti Robert holds 8.15% of its portfolio in Westlake Chemical Partners LP for 265,152 shares. Tricadia Capital Management Llc owns 75,000 shares or 4.11% of their US portfolio. Moreover, Marvin & Palmer Associates Inc has 3.63% invested in the company for 32,890 shares. The Massachusetts-based Contravisory Investment Management Inc. has invested 2.38% in the stock. Capital Growth Management Lp, a Massachusetts-based fund reported 360,000 shares.

Since January 1, 0001, it had 5 insider purchases, and 0 sales for $356,595 activity.

Westlake Chemical Partners LP operates, acquires, and develops ethylene production facilities and related assets in the United States. The company has market cap of $749.52 million. The firm operates ethylene production facilities, which primarily convert ethane into ethylene. It currently has negative earnings. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.

Analysts await Westlake Chemical Partners LP (NYSE:WLKP) to report earnings on August, 2. They expect $0.41 EPS, up 13.89% or $0.05 from last year’s $0.36 per share. WLKP’s profit will be $13.22M for 14.18 P/E if the $0.41 EPS becomes a reality. After $0.36 actual EPS reported by Westlake Chemical Partners LP for the previous quarter, Wall Street now forecasts 13.89% EPS growth.

Another recent and important Westlake Chemical Partners LP (NYSE:WLKP) news was published by Seekingalpha.com which published an article titled: “Westlake Chemical Partners’ (WLKP) CEO Albert Chao on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018.

The stock increased 0.22% or $0.05 during the last trading session, reaching $23.25. About 60,234 shares traded. Westlake Chemical Partners LP (WLKP) has declined 7.60% since May 31, 2017 and is downtrending. It has underperformed by 20.17% the S&P500.

Investors sentiment increased to 1.03 in Q1 2018. Its up 0.14, from 0.89 in 2017Q4. It improved, as 16 investors sold ALGT shares while 57 reduced holdings. 27 funds opened positions while 48 raised stakes. 14.36 million shares or 0.48% less from 14.43 million shares in 2017Q4 were reported. 43 were accumulated by Gemmer Asset Ltd Llc. Zurcher Kantonalbank (Zurich Cantonalbank) reported 196 shares. Profund Advsrs Lc has 0.02% invested in Allegiant Travel Company (NASDAQ:ALGT). South Dakota Investment Council holds 5,300 shares or 0.02% of its portfolio. Matarin Capital Mngmt Ltd Liability Com holds 0% or 83,246 shares in its portfolio. Blackrock owns 1.60M shares. Wells Fargo Mn has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Ny State Teachers Retirement System holds 14,181 shares or 0.01% of its portfolio. Price T Rowe Associates Md holds 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 266,979 shares. Da Davidson invested 0% in Allegiant Travel Company (NASDAQ:ALGT). California-based California State Teachers Retirement Systems has invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). Parallax Volatility Advisers Ltd Partnership stated it has 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Suffolk Cap Mngmt Ltd Liability Co has invested 0.12% in Allegiant Travel Company (NASDAQ:ALGT). Schroder Mngmt Grp Inc invested in 105,473 shares. Wesbanco State Bank stated it has 0.13% in Allegiant Travel Company (NASDAQ:ALGT).

Since January 12, 2018, it had 0 buys, and 5 insider sales for $33.56 million activity. Anderson Gregory Clark sold $294,114 worth of stock or 1,650 shares. 12,645 shares valued at $2.07 million were sold by GALLAGHER MAURICE J JR on Tuesday, March 6. $725,220 worth of Allegiant Travel Company (NASDAQ:ALGT) shares were sold by Sheldon Scott. ELLMER GARY had sold 120 shares worth $21,408 on Tuesday, March 13.

Among 14 analysts covering Allegiant Travel (NASDAQ:ALGT), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Allegiant Travel had 58 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, January 11. Citigroup maintained the stock with “Buy” rating in Tuesday, May 29 report. Imperial Capital downgraded the stock to “In-Line” rating in Monday, December 12 report. Citigroup initiated Allegiant Travel Company (NASDAQ:ALGT) on Friday, November 18 with “Buy” rating. Cowen & Co maintained Allegiant Travel Company (NASDAQ:ALGT) rating on Monday, January 8. Cowen & Co has “Hold” rating and $166.0 target. On Thursday, July 27 the stock rating was downgraded by Evercore to “In-Line”. Imperial Capital initiated Allegiant Travel Company (NASDAQ:ALGT) rating on Friday, October 7. Imperial Capital has “Outperform” rating and $164 target. Stifel Nicolaus maintained Allegiant Travel Company (NASDAQ:ALGT) on Wednesday, January 10 with “Hold” rating. As per Friday, February 23, the company rating was maintained by Morgan Stanley. The rating was downgraded by Buckingham Research to “Neutral” on Tuesday, December 5.

Westlake Chemical Partners LP (NYSE:WLKP) Institutional Positions Chart