LSV Asset Management increased its position in Allegiant Travel (NASDAQ:ALGT) by 130.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,300 shares of the transportation company’s stock after acquiring an additional 9,800 shares during the quarter. LSV Asset Management owned about 0.11% of Allegiant Travel worth $2,482,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ALGT. Advisors Preferred LLC bought a new position in shares of Allegiant Travel during the 2nd quarter worth about $26,000. Advisor Group Inc. increased its holdings in shares of Allegiant Travel by 55.8% during the 2nd quarter. Advisor Group Inc. now owns 360 shares of the transportation company’s stock worth $51,000 after purchasing an additional 129 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Allegiant Travel during the 1st quarter worth about $155,000. WINTON GROUP Ltd bought a new position in shares of Allegiant Travel during the 2nd quarter worth about $211,000. Finally, Westside Investment Management Inc. bought a new position in shares of Allegiant Travel during the 2nd quarter worth about $251,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.
Several research firms have recently issued reports on ALGT. Citigroup boosted their price objective on shares of Allegiant Travel from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. ValuEngine downgraded shares of Allegiant Travel from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $132.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Buckingham Research boosted their price objective on shares of Allegiant Travel from $186.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Sidoti boosted their price objective on shares of Allegiant Travel from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $164.00.
Shares of Allegiant Travel stock traded up $1.05 during trading on Wednesday, hitting $142.61. 3,208 shares of the company’s stock traded hands, compared to its average volume of 213,980. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.29 and a quick ratio of 1.24. The firm’s fifty day moving average price is $145.34 and its 200 day moving average price is $139.62. Allegiant Travel has a twelve month low of $98.18 and a twelve month high of $157.50. The company has a market cap of $2.32 billion, a PE ratio of 14.31, a PEG ratio of 0.33 and a beta of 0.91.
Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, July 24th. The transportation company reported $4.33 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.34). Allegiant Travel had a net margin of 10.54% and a return on equity of 26.59%. The business had revenue of $491.80 million for the quarter, compared to analyst estimates of $504.81 million. During the same quarter last year, the firm posted $3.10 earnings per share. Allegiant Travel’s revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts anticipate that Allegiant Travel will post 14.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 19th. This represents a $2.80 annualized dividend and a dividend yield of 1.96%. Allegiant Travel’s dividend payout ratio (DPR) is currently 28.00%.
About Allegiant Travel
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.
See Also: Trade War
Want to see what other hedge funds are holding ALGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.