Victory Capital Management Inc. grew its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 517.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,267 shares of the transportation company’s stock after purchasing an additional 4,414 shares during the period. Victory Capital Management Inc.’s holdings in Allegiant Travel were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Marshall Wace North America L.P. bought a new position in shares of Allegiant Travel during the 2nd quarter valued at about $919,000. BNP Paribas Arbitrage SA boosted its position in shares of Allegiant Travel by 45.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,054 shares of the transportation company’s stock valued at $685,000 after purchasing an additional 1,591 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Allegiant Travel by 14.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 7,901 shares of the transportation company’s stock valued at $1,071,000 after purchasing an additional 992 shares in the last quarter. Capital Fund Management S.A. boosted its position in shares of Allegiant Travel by 23.7% during the 2nd quarter. Capital Fund Management S.A. now owns 36,344 shares of the transportation company’s stock valued at $4,928,000 after purchasing an additional 6,952 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Allegiant Travel by 2.4% during the 2nd quarter. State Street Corp now owns 354,060 shares of the transportation company’s stock valued at $48,013,000 after purchasing an additional 8,300 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

In other Allegiant Travel news, CFO Scott Sheldon sold 5,872 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $137.63, for a total value of $808,163.36. Following the completion of the transaction, the chief financial officer now directly owns 21,202 shares in the company, valued at $2,918,031.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President John Redmond bought 11,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was purchased at an average price of $138.28 per share, with a total value of $1,521,080.00. Following the completion of the acquisition, the president now owns 92,574 shares of the company’s stock, valued at $12,801,132.72. The disclosure for this purchase can be found here. Company insiders own 21.00% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $135.00 price objective on shares of Allegiant Travel in a research report on Thursday, October 26th. Cowen Inc restated a “hold” rating and set a $145.00 price objective on shares of Allegiant Travel in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Bank of America Corporation restated a “neutral” rating and set a $145.00 price objective (down previously from $150.00) on shares of Allegiant Travel in a research report on Tuesday, October 10th. Finally, Citigroup Inc. reduced their price objective on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $144.17.

Allegiant Travel Company (NASDAQ ALGT) opened at $137.90 on Friday. Allegiant Travel Company has a fifty-two week low of $111.54 and a fifty-two week high of $182.25. The company has a market cap of $2,203.48, a PE ratio of 14.72, a price-to-earnings-growth ratio of 5.68 and a beta of 0.12. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The company had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. During the same period last year, the company posted $2.75 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts predict that Allegiant Travel Company will post 8.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Wednesday, November 22nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, November 21st. Allegiant Travel’s payout ratio is 30.08%.

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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. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.

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

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