Allegiant Travel Company (ALGT) Stake Decreased by U S Global Investors Inc.
U S Global Investors Inc. lessened its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,630 shares of the transportation company’s stock after selling 7,465 shares during the period. Allegiant Travel makes up about 1.4% of U S Global Investors Inc.’s portfolio, making the stock its 14th largest holding. U S Global Investors Inc. owned approximately 0.22% of Allegiant Travel worth $4,561,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of ALGT. Bank of Montreal Can lifted its holdings in shares of Allegiant Travel by 28.9% during the 2nd quarter. Bank of Montreal Can now owns 829 shares of the transportation company’s stock worth $112,000 after acquiring an additional 186 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Allegiant Travel by 4.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 17,939 shares of the transportation company’s stock worth $2,431,000 after acquiring an additional 708 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Allegiant Travel during the 2nd quarter worth approximately $203,000. Texas Permanent School Fund lifted its holdings in shares of Allegiant Travel by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 9,596 shares of the transportation company’s stock worth $1,301,000 after acquiring an additional 81 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Allegiant Travel by 4.1% during the 2nd quarter. Sei Investments Co. now owns 39,011 shares of the transportation company’s stock worth $5,290,000 after acquiring an additional 1,535 shares during the period. 86.22% of the stock is owned by institutional investors.
Allegiant Travel Company (NASDAQ ALGT) opened at $148.60 on Friday. The company has a market cap of $2,389.19, a P/E ratio of 15.96, a P/E/G ratio of 6.11 and a beta of 0.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. Allegiant Travel Company has a 52 week low of $111.54 and a 52 week high of $182.25.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The business had revenue of $348.80 million during the quarter, compared to the consensus estimate of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 EPS. equities analysts expect that Allegiant Travel Company will post 8.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Wednesday, November 22nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, November 21st. Allegiant Travel’s payout ratio is 30.08%.
In other Allegiant Travel news, President John Redmond purchased 11,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was purchased at an average cost of $138.28 per share, for a total transaction of $1,521,080.00. Following the transaction, the president now owns 92,574 shares in the company, valued at approximately $12,801,132.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott Sheldon sold 5,872 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $137.63, for a total transaction of $808,163.36. Following the completion of the transaction, the chief financial officer now owns 21,202 shares of the company’s stock, valued at $2,918,031.26. The disclosure for this sale can be found here. Corporate insiders own 21.00% of the company’s stock.
A number of analysts have recently weighed in on the stock. Cowen reaffirmed a “market perform” rating and set a $158.00 price target (up previously from $145.00) on shares of Allegiant Travel in a report on Friday, December 1st. Barclays reaffirmed a “sell” rating and set a $130.00 price target on shares of Allegiant Travel in a report on Thursday, September 14th. Bank of America reaffirmed a “neutral” rating and set a $145.00 price target (down previously from $150.00) on shares of Allegiant Travel in a report on Tuesday, October 10th. Raymond James Financial reaffirmed a “hold” rating on shares of Allegiant Travel in a report on Monday, December 4th. Finally, BidaskClub downgraded shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Allegiant Travel has an average rating of “Hold” and an average price target of $146.45.
About Allegiant Travel
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.
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