Great West Life Assurance Co. Can lifted its stake in Allegiant Travel (NASDAQ:ALGT) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,898 shares of the transportation company’s stock after purchasing an additional 1,137 shares during the period. Great West Life Assurance Co. Can’s holdings in Allegiant Travel were worth $1,467,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ALGT. First Trust Advisors LP boosted its position in shares of Allegiant Travel by 98.9% in the 3rd quarter. First Trust Advisors LP now owns 17,380 shares of the transportation company’s stock worth $2,204,000 after buying an additional 8,641 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Allegiant Travel by 204.2% in the 3rd quarter. Victory Capital Management Inc. now owns 5,634 shares of the transportation company’s stock valued at $714,000 after purchasing an additional 3,782 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Allegiant Travel by 13.5% in the 3rd quarter. Wells Fargo & Company MN now owns 21,495 shares of the transportation company’s stock valued at $2,726,000 after purchasing an additional 2,565 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Allegiant Travel by 9.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,700 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 420 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Allegiant Travel by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 225,063 shares of the transportation company’s stock valued at $28,539,000 after purchasing an additional 7,954 shares in the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.

A number of research analysts have issued reports on the stock. Imperial Capital restated an “in-line” rating and issued a $152.00 target price (up from $124.00) on shares of Allegiant Travel in a report on Tuesday, December 4th. TheStreet upgraded shares of Allegiant Travel from a “c+” rating to a “b-” rating in a report on Friday, February 8th. BidaskClub raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Deutsche Bank set a $160.00 price objective on shares of Allegiant Travel and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Macquarie set a $129.00 price objective on shares of Allegiant Travel and gave the company a “hold” rating in a research note on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Allegiant Travel presently has an average rating of “Buy” and a consensus price target of $152.15.

In related news, CEO Maurice J. Gallagher, Jr. sold 9,737 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $128.05, for a total transaction of $1,246,822.85. Following the completion of the sale, the chief executive officer now owns 2,987,079 shares of the company’s stock, valued at approximately $382,495,465.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.80% of the stock is currently owned by corporate insiders.

NASDAQ ALGT opened at $126.38 on Thursday. Allegiant Travel has a 12 month low of $98.18 and a 12 month high of $177.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a market cap of $2.02 billion, a PE ratio of 12.64, a P/E/G ratio of 0.27 and a beta of 0.88.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Wednesday, January 30th. The transportation company reported $2.56 EPS for the quarter, beating the Zacks’ consensus estimate of $2.47 by $0.09. The company had revenue of $412.11 million during the quarter, compared to the consensus estimate of $410.69 million. Allegiant Travel had a net margin of 9.70% and a return on equity of 25.01%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.18 EPS. On average, analysts expect that Allegiant Travel will post 13.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 28th. Allegiant Travel’s dividend payout ratio (DPR) is presently 28.00%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/allegiant-travel-algt-position-boosted-by-great-west-life-assurance-co-can/2923358.html.

Allegiant Travel Company 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: LIBOR

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).

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.