Capital Fund Management S.A. grew its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 44.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,344 shares of the transportation company’s stock after purchasing an additional 23,816 shares during the quarter. Capital Fund Management S.A. owned approximately 0.48% of Allegiant Travel worth $11,969,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Allegiant Travel by 154.9% during the third quarter. SG Americas Securities LLC now owns 6,371 shares of the transportation company’s stock valued at $839,000 after purchasing an additional 3,872 shares during the period. State Street Corp boosted its stake in shares of Allegiant Travel by 2.4% during the second quarter. State Street Corp now owns 354,060 shares of the transportation company’s stock valued at $48,013,000 after purchasing an additional 8,300 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Allegiant Travel by 517.5% during the third quarter. Victory Capital Management Inc. now owns 5,267 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 4,414 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Allegiant Travel during the second quarter valued at approximately $385,000. Finally, Schroder Investment Management Group raised its holdings in shares of Allegiant Travel by 7.7% during the third quarter. Schroder Investment Management Group now owns 269,275 shares of the transportation company’s stock valued at $35,989,000 after acquiring an additional 19,303 shares in the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.
In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total value of $148,850.00. Following the completion of the transaction, the director now owns 2,120 shares in the company, valued at $315,562. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Maurice J. Gallagher, Jr. sold 182,182 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $167.18, for a total value of $30,457,186.76. Following the completion of the transaction, the chief executive officer now owns 3,071,196 shares of the company’s stock, valued at approximately $513,442,547.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,696 shares of company stock valued at $47,742,513. 21.00% of the stock is owned by corporate insiders.
Allegiant Travel (NASDAQ:ALGT) opened at $167.50 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $2,648.84, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 0.52 and a beta of 0.17. Allegiant Travel has a twelve month low of $111.54 and a twelve month high of $178.20.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.93. The business had revenue of $378.56 million during the quarter, compared to the consensus estimate of $377.25 million. Allegiant Travel had a return on equity of 32.60% and a net margin of 12.96%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.48 earnings per share. equities analysts forecast that Allegiant Travel will post 10.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.70 dividend. The ex-dividend date is Thursday, March 1st. This represents a $2.80 dividend on an annualized basis and a yield of 1.67%. Allegiant Travel’s dividend payout ratio (DPR) is 23.41%.
A number of brokerages recently commented on ALGT. Wolfe Research upgraded Allegiant Travel from a “market perform” rating to an “outperform” rating in a report on Thursday, February 1st. Imperial Capital restated an “in-line” rating and set a $165.00 target price (up previously from $150.00) on shares of Allegiant Travel in a report on Thursday, February 1st. BidaskClub upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Stifel Nicolaus upgraded Allegiant Travel from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 16th. Finally, Morgan Stanley decreased their target price on Allegiant Travel from $158.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $163.27.
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About Allegiant Travel
Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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