Nationwide Fund Advisors grew its stake in Allegiant Travel Company (NASDAQ:ALGT) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,083 shares of the transportation company’s stock after acquiring an additional 2,832 shares during the period. Nationwide Fund Advisors owned 0.53% of Allegiant Travel worth $11,205,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. raised its stake in shares of Allegiant Travel by 19,391.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 404,441 shares of the transportation company’s stock worth $53,265,000 after acquiring an additional 402,366 shares during the last quarter. Midas Management Corp raised its stake in shares of Allegiant Travel by 13.0% in the third quarter. Midas Management Corp now owns 15,482 shares of the transportation company’s stock worth $2,039,000 after acquiring an additional 1,782 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Allegiant Travel by 100.0% in the second quarter. U S Global Investors Inc. now owns 42,095 shares of the transportation company’s stock worth $5,484,000 after acquiring an additional 21,049 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Allegiant Travel by 126.0% during the second quarter. WINTON GROUP Ltd now owns 25,265 shares of the transportation company’s stock worth $3,426,000 after buying an additional 14,085 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Allegiant Travel by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 21,029 shares of the transportation company’s stock worth $2,852,000 after buying an additional 972 shares during the last quarter. 86.22% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on ALGT shares. BidaskClub downgraded shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Cowen dropped their price target 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 reissued a “sell” rating and set a $130.00 price target on shares of Allegiant Travel in a research note on Thursday, September 14th. Zacks Investment Research downgraded shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Macquarie started coverage on shares of Allegiant Travel in a research note on Monday, September 25th. They set a “neutral” rating and a $119.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $146.45.
Shares of Allegiant Travel Company (NASDAQ:ALGT) opened at $151.80 on Tuesday. The firm has a market cap of $2,440.00, a P/E ratio of 15.84, a P/E/G ratio of 6.10 and a beta of 0.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.05. Allegiant Travel Company has a 12 month low of $111.54 and a 12 month high of $182.25.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.75 earnings per share. analysts predict that Allegiant Travel Company will post 8.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, November 21st. Allegiant Travel’s dividend payout ratio is currently 29.79%.
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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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