Allegiant Travel (ALGT) Holdings Cut by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of Allegiant Travel (NASDAQ:ALGT) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,230 shares of the transportation company’s stock after selling 8,824 shares during the quarter. Janus Henderson Group PLC owned 1.73% of Allegiant Travel worth $35,406,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ALGT. Raymond James & Associates increased its stake in shares of Allegiant Travel by 41.2% in the second quarter. Raymond James & Associates now owns 1,757 shares of the transportation company’s stock worth $244,000 after acquiring an additional 513 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Allegiant Travel by 44.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,861 shares of the transportation company’s stock worth $259,000 after acquiring an additional 569 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Allegiant Travel in the second quarter worth $312,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Allegiant Travel in the second quarter worth $370,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Allegiant Travel in the second quarter worth $386,000. 86.08% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ALGT opened at $133.68 on Tuesday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.31. Allegiant Travel has a 1 year low of $105.21 and a 1 year high of $181.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.50.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). The business had revenue of $393.11 million during the quarter, compared to the consensus estimate of $390.30 million. Allegiant Travel had a return on equity of 26.83% and a net margin of 12.42%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 earnings per share. As a group, equities analysts anticipate that Allegiant Travel will post 9.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Friday, November 23rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, November 21st. Allegiant Travel’s dividend payout ratio is presently 29.32%.

In other Allegiant Travel news, President John Redmond acquired 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of $115.42 per share, for a total transaction of $1,385,040.00. Following the completion of the acquisition, the president now owns 102,125 shares of the company’s stock, valued at approximately $11,787,267.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.80% of the company’s stock.

A number of equities analysts have recently weighed in on ALGT shares. Buckingham Research dropped their price target on shares of Allegiant Travel from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Goldman Sachs Group started coverage on shares of Allegiant Travel in a research note on Monday, November 12th. They issued a “buy” rating and a $167.00 price target on the stock. Citigroup upped their price target on shares of Allegiant Travel from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, November 29th. TheStreet downgraded shares of Allegiant Travel from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Finally, Morgan Stanley upped their price target on shares of Allegiant Travel from $130.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $150.73.

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Allegiant Travel Profile

Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.

Read More: Buyback For Investors Defined

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

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