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Ocwen Financial (OCN) Reaches $3.57 After 9.00% Down Move; Last Week Alaska Air Group, Inc. (ALK) Coverage

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 81 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Friday, December 4. Cowen & Co has “Outperform” rating and $97 target. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Overweight” rating given on Thursday, December 15 by Barclays Capital. The firm earned “Buy” rating on Tuesday, September 1 by Raymond James. The firm has “Overweight” rating given on Thursday, August 17 by Morgan Stanley. Imperial Capital maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Thursday, February 1. Imperial Capital has “In-Line” rating and $66 target. The rating was downgraded by Credit Suisse on Thursday, January 7 to “Neutral”. The rating was maintained by Stifel Nicolaus on Monday, May 29 with “Buy”. Cowen & Co maintained the shares of ALK in report on Tuesday, June 20 with “Outperform” rating. As per Friday, October 13, the company rating was maintained by Bank of America. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Sell” rating by J.P. Morgan on Tuesday, January 30. See Alaska Air Group, Inc. (NYSE:ALK) latest ratings:

15/02/2018 Broker: UBS Old Rating: Buy New Rating: Neutral Downgrade
01/02/2018 Broker: Imperial Capital Old Rating: In-Line New Rating: In-Line Old Target: $70 New Target: $66 Maintain
30/01/2018 Broker: J.P. Morgan Rating: Sell New Target: $67.0 Downgrade
30/01/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
26/01/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $86 New Target: $80 Maintain
26/01/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $90 New Target: $88 Maintain
26/01/2018 Broker: Cowen & Co Rating: Buy New Target: $84.0 Maintain
10/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $105.0 Maintain
10/01/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $90 Downgrade
09/01/2018 Broker: Bank of America Rating: Hold New Target: $84.0 Downgrade

The stock of Ocwen Financial Corporation (NYSE:OCN) is a huge mover today! The stock decreased 4.29% or $0.16 during the last trading session, reaching $3.57. About 453,678 shares traded. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since February 20, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.The move comes after 6 months negative chart setup for the $476.09 million company. It was reported on Feb, 20 by Barchart.com. We have $3.25 PT which if reached, will make NYSE:OCN worth $42.85 million less.

The stock decreased 0.68% or $0.44 during the last trading session, reaching $64.53. About 341,002 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since February 20, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.19, from 1.15 in 2017Q2. It increased, as 53 investors sold Alaska Air Group, Inc. 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. Timber Creek Cap Mgmt Ltd Co has 700 shares for 0.04% of their portfolio. Adage Capital Prtn Group Ltd Liability reported 176,900 shares. Crestpoint Capital Mgmt Ltd Liability invested in 7,400 shares or 0.25% of the stock. E&G Lp reported 0.13% in Alaska Air Group, Inc. (NYSE:ALK). Srb Corp invested 0.02% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Pittenger & Anderson Incorporated accumulated 500 shares or 0% of the stock. Pggm Invs stated it has 359,849 shares or 0.14% of all its holdings. Landscape Cap Management Limited Liability Corporation invested in 21,264 shares. Automobile Association invested in 209,807 shares or 0.05% of the stock. Logan Cap Mgmt accumulated 20,004 shares. Moreover, Crystal Rock Mngmt has 1.42% invested in Alaska Air Group, Inc. (NYSE:ALK) for 27,940 shares. U S Glob Investors holds 1.76% or 62,850 shares. Epoch Investment Partners, a New York-based fund reported 103,154 shares. 408 are owned by Ftb Advsr. The Colorado-based Advsr Asset Mngmt Inc has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK).

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 $7.94 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.73 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.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on February, 28. They expect $-0.37 EPS, down 362.50% or $0.29 from last year’s $-0.08 per share. After $-0.23 actual EPS reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts 60.87% negative EPS growth.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.34, from 1.18 in 2017Q2. It fall, as 23 investors sold Ocwen Financial Corporation shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. D E Shaw And accumulated 0% or 26,966 shares. Goldman Sachs Gru has 456,067 shares. Voya Inv Mngmt Lc stated it has 0% in Ocwen Financial Corporation (NYSE:OCN). Qs Invsts Ltd Limited Liability Company invested 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Sg Americas Limited Liability Corporation accumulated 0% or 159,721 shares. Fishman Jay A Limited Mi accumulated 20,000 shares or 0.01% of the stock. Sei Investments holds 0% or 80 shares in its portfolio. Shell Asset Co owns 0.01% invested in Ocwen Financial Corporation (NYSE:OCN) for 17,390 shares. Connor Clark Lunn Investment Management Limited owns 0.02% invested in Ocwen Financial Corporation (NYSE:OCN) for 787,239 shares. First Republic Invest Mngmt holds 0% in Ocwen Financial Corporation (NYSE:OCN) or 12,500 shares. Raymond James & Assoc owns 128,000 shares or 0% of their US portfolio. Cqs Cayman Lp owns 1.70M shares for 0.39% of their portfolio. State Common Retirement Fund has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Panagora Asset Mgmt accumulated 0% or 3,000 shares. Manufacturers Life Ins The has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 85,772 shares.

Ocwen Financial Corporation, a financial services holding company, engages in the servicing and origination of mortgage loans in the United States. The company has market cap of $476.09 million. The Company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. It currently has negative earnings. This segmentÂ’s residential servicing portfolio includes conventional, government insured, and non-agency loans.

Since January 22, 2018, it had 3 insider buys, and 0 sales for $6.58 million activity. Another trade for 494,459 shares valued at $1.56M was bought by COOPERMAN LEON G.

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