Anderson Fisher LLC increased its holdings in shares of Allegiant Travel (NASDAQ:ALGT) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,635 shares of the transportation company’s stock after buying an additional 2,365 shares during the period. Anderson Fisher LLC’s holdings in Allegiant Travel were worth $2,024,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ALGT. Teachers Advisors LLC raised its holdings in Allegiant Travel by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 25,952 shares of the transportation company’s stock worth $3,291,000 after acquiring an additional 291 shares during the period. Bank of Montreal Can grew its position in Allegiant Travel by 3.7% in the 4th quarter. Bank of Montreal Can now owns 3,892 shares of the transportation company’s stock worth $389,000 after purchasing an additional 138 shares during the last quarter. IFP Advisors Inc grew its position in Allegiant Travel by 100.0% in the 4th quarter. IFP Advisors Inc now owns 300 shares of the transportation company’s stock worth $30,000 after purchasing an additional 150 shares during the last quarter. Arizona State Retirement System grew its position in Allegiant Travel by 6.1% in the 4th quarter. Arizona State Retirement System now owns 19,660 shares of the transportation company’s stock worth $1,970,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Allegiant Travel by 25.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,602 shares of the transportation company’s stock worth $261,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.
Several research firms have issued reports on ALGT. Morgan Stanley decreased their price target on shares of Allegiant Travel from $140.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, May 20th. BidaskClub upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. ValuEngine upgraded shares of Allegiant Travel from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Imperial Capital reiterated an “outperform” rating and set a $168.00 target price on shares of Allegiant Travel in a research report on Wednesday, March 20th. Finally, Macquarie upgraded shares of Allegiant Travel from a “neutral” rating to an “outperform” rating and set a $149.00 target price on the stock in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $153.54.
Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, April 24th. The transportation company reported $3.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.10. Allegiant Travel had a net margin of 9.67% and a return on equity of 25.13%. The firm had revenue of $451.60 million during the quarter, compared to the consensus estimate of $452.24 million. During the same quarter in the prior year, the firm earned $3.42 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Research analysts predict that Allegiant Travel will post 13.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, June 13th. Allegiant Travel’s dividend payout ratio (DPR) is currently 28.00%.
In related news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at approximately $249,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Maurice J. Gallagher, Jr. sold 51,441 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $147.75, for a total transaction of $7,600,407.75. Following the transaction, the chief executive officer now owns 2,929,920 shares of the company’s stock, valued at approximately $432,895,680. The disclosure for this sale can be found here. Insiders sold 102,184 shares of company stock worth $15,063,600 over the last three months. Insiders own 20.80% of the company’s stock.
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Allegiant Travel Company Profile
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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