WINTON GROUP Ltd increased its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 126.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,265 shares of the transportation company’s stock after purchasing an additional 14,085 shares during the period. WINTON GROUP Ltd owned approximately 0.16% of Allegiant Travel worth $3,426,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ALGT. BlackRock Inc. increased its position in Allegiant Travel by 141,260.2% during the first quarter. BlackRock Inc. now owns 1,546,481 shares of the transportation company’s stock valued at $247,824,000 after acquiring an additional 1,545,387 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Allegiant Travel by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,177,526 shares of the transportation company’s stock valued at $159,672,000 after purchasing an additional 20,068 shares during the period. FMR LLC boosted its stake in shares of Allegiant Travel by 8.7% during the second quarter. FMR LLC now owns 1,014,073 shares of the transportation company’s stock valued at $137,508,000 after purchasing an additional 81,533 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Allegiant Travel by 9.4% during the second quarter. TimesSquare Capital Management LLC now owns 676,292 shares of the transportation company’s stock valued at $91,705,000 after purchasing an additional 58,065 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Allegiant Travel by 1.7% during the second quarter. Neuberger Berman Group LLC now owns 611,579 shares of the transportation company’s stock valued at $82,930,000 after purchasing an additional 10,163 shares during the period. Institutional investors own 82.41% of the company’s stock.
Shares of Allegiant Travel Company (NASDAQ:ALGT) traded down 1.999% during trading on Friday, reaching $138.525. 39,582 shares of the company traded hands. Allegiant Travel Company has a 1-year low of $111.54 and a 1-year high of $182.25. The stock’s 50 day moving average is $131.14 and its 200 day moving average is $136.86. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.994 and a beta of 0.03.
Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The company had revenue of $348.80 million for the quarter, compared to analyst estimates of $349.79 million. Allegiant Travel had a return on equity of 32.11% and a net margin of 10.52%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. On average, analysts forecast that Allegiant Travel Company will post $8.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Wednesday, November 22nd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.98%. Allegiant Travel’s payout ratio is presently 30.08%.
Allegiant Travel declared that its board has approved a share repurchase program on Wednesday, July 26th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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ALGT has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Monday, July 17th. BidaskClub lowered shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Cowen and Company lowered their price objective on shares of Allegiant Travel from $150.00 to $136.00 and set a “market perform” rating for the company in a research note on Wednesday, August 30th. Barclays PLC reaffirmed a “sell” rating and issued a $130.00 price objective on shares of Allegiant Travel in a research note on Thursday, September 14th. Finally, ValuEngine raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $144.17.
Allegiant Travel Company Profile
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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