Allegiant Travel (ALGT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in shares of Allegiant Travel (NASDAQ:ALGT) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,584 shares of the transportation company’s stock after selling 7,053 shares during the quarter. Ameriprise Financial Inc. owned about 0.41% of Allegiant Travel worth $8,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALGT. Vanguard Group Inc. boosted its stake in shares of Allegiant Travel by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,177,526 shares of the transportation company’s stock worth $159,672,000 after purchasing an additional 20,068 shares during the last quarter. FMR LLC boosted its position in shares of Allegiant Travel by 8.7% in the second quarter. FMR LLC now owns 1,014,073 shares of the transportation company’s stock worth $137,508,000 after acquiring an additional 81,533 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Allegiant Travel by 9.4% in the second quarter. TimesSquare Capital Management LLC now owns 676,292 shares of the transportation company’s stock worth $91,705,000 after acquiring an additional 58,065 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Allegiant Travel by 1.7% in the second quarter. Neuberger Berman Group LLC now owns 611,579 shares of the transportation company’s stock worth $82,930,000 after acquiring an additional 10,163 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Allegiant Travel by 33.6% during the second quarter. Capital Research Global Investors now owns 547,178 shares of the transportation company’s stock valued at $74,197,000 after buying an additional 137,600 shares in the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $315,562. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott Sheldon sold 5,872 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $137.63, for a total value of $808,163.36. Following the completion of the transaction, the chief financial officer now directly owns 21,202 shares of the company’s stock, valued at approximately $2,918,031.26. The disclosure for this sale can be found here. Company insiders own 21.00% of the company’s stock.

A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $180.00 in a report on Thursday. Imperial Capital boosted their price target on shares of Allegiant Travel from $132.00 to $150.00 and gave the company an “in-line” rating in a report on Tuesday, December 19th. Raymond James Financial reissued a “hold” rating on shares of Allegiant Travel in a report on Monday, December 4th. Finally, Buckingham Research downgraded shares of Allegiant Travel from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $151.18.

Allegiant Travel (ALGT) opened at $160.90 on Friday. The stock has a market capitalization of $2,590.00, a PE ratio of 17.12 and a beta of 0.16. Allegiant Travel has a 1-year low of $111.54 and a 1-year high of $182.25. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.08. Allegiant Travel had a return on equity of 32.19% and a net margin of 10.52%. The firm had revenue of $348.80 million for the quarter, compared to analysts’ expectations of $349.79 million. During the same quarter last year, the business earned $2.75 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. equities analysts forecast that Allegiant Travel will post 8.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, November 21st. Allegiant Travel’s dividend payout ratio is currently 29.79%.

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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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Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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