Strs Ohio Buys Shares of 7,400 Allegiant Travel (NASDAQ:ALGT)

Share on StockTwits

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.

In related news, EVP Robert Paul Wilson III sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $144.83, for a total value of $144,830.00. Following the sale, the executive vice president now owns 16,477 shares of the company’s stock, valued at $2,386,363.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 10,778 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $148.17, for a total transaction of $1,596,976.26. Following the completion of the sale, the chief executive officer now directly owns 2,910,176 shares in the company, valued at approximately $431,200,777.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,000 shares of company stock worth $11,713,663. Insiders own 20.90% of the company’s stock.

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.

Recommended Story: What is Forex?

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

Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Strs Ohio Trims Stake in Discovery Inc Series C
Strs Ohio Trims Stake in Discovery Inc Series C
Strs Ohio Acquires Shares of 20,100 Meritage Homes Corp
Strs Ohio Acquires Shares of 20,100 Meritage Homes Corp
Washington Prime Group Inc  Holdings Cut by Strs Ohio
Washington Prime Group Inc Holdings Cut by Strs Ohio
Investors Real Estate Trust Reit  Shares Sold by Strs Ohio
Investors Real Estate Trust Reit Shares Sold by Strs Ohio
Community Healthcare Trust Inc  Shares Sold by Strs Ohio
Community Healthcare Trust Inc Shares Sold by Strs Ohio
Strs Ohio Has $1.04 Million Stake in Principal Financial Group Inc
Strs Ohio Has $1.04 Million Stake in Principal Financial Group Inc


© 2006-2019 Ticker Report