Strs Ohio bought a new stake in shares of Allegiant Travel (NASDAQ:ALGT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,400 shares of the transportation company’s stock, valued at approximately $1,061,000.
Several other large investors also recently modified their holdings of ALGT. Huntington National Bank lifted its stake in shares of Allegiant Travel by 19,900.0% in the 1st quarter. Huntington National Bank now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Allegiant Travel during the 1st quarter worth $155,000. Amalgamated Bank acquired a new position in Allegiant Travel during the 4th quarter worth $206,000. WINTON GROUP Ltd acquired a new position in Allegiant Travel during the 2nd quarter worth $211,000. Finally, Westside Investment Management Inc. acquired a new position in Allegiant Travel during the 2nd quarter worth $251,000. 79.32% of the stock is owned by institutional investors.
ALGT has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Allegiant Travel from $140.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, May 20th. BidaskClub lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research report on Wednesday. Imperial Capital reissued an “outperform” rating and set a $180.00 target price (up previously from $162.00) on shares of Allegiant Travel in a research report on Friday, April 26th. Sidoti boosted their target price on shares of Allegiant Travel from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Buckingham Research boosted their target price on shares of Allegiant Travel from $186.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $162.50.
NASDAQ:ALGT opened at $142.65 on Wednesday. The stock’s 50-day moving average is $146.23. Allegiant Travel has a 52-week low of $98.18 and a 52-week high of $157.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.24 and a current ratio of 1.29. The company has a market cap of $2.38 billion, a P/E ratio of 14.27 and a beta of 0.89.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Wednesday, July 24th. The transportation company reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.34). Allegiant Travel had a return on equity of 26.59% and a net margin of 10.54%. The company had revenue of $491.80 million for the quarter, compared to the consensus estimate of $504.81 million. During the same quarter in the previous year, the firm posted $3.10 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts forecast that Allegiant Travel will post 13.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $2.80 annualized dividend and a dividend yield of 1.96%. Allegiant Travel’s payout ratio is 28.00%.
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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