Nationwide Fund Advisors reduced its position in shares of Allegiant Travel Co. (NASDAQ:ALGT) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,228 shares of the company’s stock after selling 13,683 shares during the period. Nationwide Fund Advisors owned 0.39% of Allegiant Travel worth $9,731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group increased its position in Allegiant Travel by 59.9% in the second quarter. Schroder Investment Management Group now owns 199,192 shares of the company’s stock worth $30,178,000 after buying an additional 74,600 shares during the period. JPMorgan Chase & Co. increased its position in Allegiant Travel by 47.2% in the second quarter. JPMorgan Chase & Co. now owns 65,805 shares of the company’s stock worth $9,969,000 after buying an additional 21,094 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Allegiant Travel by 76.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 123,048 shares of the company’s stock worth $18,642,000 after buying an additional 53,509 shares during the period. Neuberger Berman Group LLC increased its position in Allegiant Travel by 31.1% in the second quarter. Neuberger Berman Group LLC now owns 456,264 shares of the company’s stock worth $69,124,000 after buying an additional 108,247 shares during the period. Finally, First Trust Advisors LP increased its position in Allegiant Travel by 226.4% in the second quarter. First Trust Advisors LP now owns 7,883 shares of the company’s stock worth $1,194,000 after buying an additional 5,468 shares during the period. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Allegiant Travel Co. (NASDAQ:ALGT) traded down 0.76% during mid-day trading on Monday, hitting $129.71. 50,769 shares of the stock traded hands. The stock has a market cap of $2.13 billion, a P/E ratio of 9.24 and a beta of -0.07. The firm’s 50 day moving average price is $133.12 and its 200-day moving average price is $150.89. Allegiant Travel Co. has a 12-month low of $121.70 and a 12-month high of $228.79.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Friday, July 29th. The company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.13. The firm had revenue of $344.90 million for the quarter, compared to analysts’ expectations of $343.11 million. Allegiant Travel had a net margin of 17.94% and a return on equity of 64.40%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.18 earnings per share. Analysts predict that Allegiant Travel Co. will post $13.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.80 annualized dividend and a yield of 2.14%. Allegiant Travel’s dividend payout ratio is presently 20.04%.

A number of research analysts recently commented on the stock. Credit Suisse Group AG set a $133.00 target price on shares of Allegiant Travel and gave the company a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research downgraded shares of Allegiant Travel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 24th. Stifel Nicolaus lowered their price objective on shares of Allegiant Travel from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Cowen and Company lowered their price objective on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a research report on Monday, August 1st. Finally, Raymond James Financial Inc. raised shares of Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $180.30.

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. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

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