FMR LLC decreased its position in Allegiant Travel (NASDAQ:ALGT) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 429,341 shares of the transportation company’s stock after selling 138,755 shares during the quarter. FMR LLC owned approximately 2.66% of Allegiant Travel worth $43,029,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Allegiant Travel by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,827,451 shares of the transportation company’s stock worth $183,146,000 after acquiring an additional 9,863 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Allegiant Travel by 2.6% during the third quarter. Vanguard Group Inc now owns 1,273,151 shares of the transportation company’s stock valued at $161,435,000 after buying an additional 32,199 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Allegiant Travel by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,273,151 shares of the transportation company’s stock valued at $161,435,000 after buying an additional 32,199 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Allegiant Travel by 1.3% during the third quarter. Neuberger Berman Group LLC now owns 683,606 shares of the transportation company’s stock valued at $86,681,000 after buying an additional 8,896 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Allegiant Travel by 14.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 597,208 shares of the transportation company’s stock valued at $59,852,000 after buying an additional 76,703 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.
ALGT has been the topic of several recent analyst reports. Imperial Capital reaffirmed an “in-line” rating and set a $134.00 price objective (up from $125.00) on shares of Allegiant Travel in a research report on Wednesday, January 16th. ValuEngine cut Allegiant Travel from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Macquarie set a $129.00 price objective on Allegiant Travel and gave the company a “hold” rating in a research report on Tuesday, January 29th. Cowen reaffirmed a “market perform” rating and set a $147.00 price objective (up from $130.00) on shares of Allegiant Travel in a research report on Thursday, January 31st. Finally, Vertical Research initiated coverage on Allegiant Travel in a research report on Monday, February 4th. They set a “buy” rating and a $165.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $153.08.
NASDAQ:ALGT traded up $0.92 on Friday, hitting $143.28. The stock had a trading volume of 112,053 shares, compared to its average volume of 154,325. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 14.33 and a beta of 0.92. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.93 and a current ratio of 1.07. Allegiant Travel has a 52-week low of $98.18 and a 52-week high of $163.75.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.88 by $0.10. Allegiant Travel had a return on equity of 25.13% and a net margin of 9.67%. The firm had revenue of $451.60 million for the quarter, compared to the consensus estimate of $452.24 million. During the same quarter last year, the company earned $3.42 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Allegiant Travel will post 13.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, June 13th. Allegiant Travel’s dividend payout ratio (DPR) is currently 28.00%.
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Allegiant Travel Company Profile
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.
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