Russell Investments Group Ltd. lowered its stake in shares of Allegiant Travel (NASDAQ:ALGT – Get Rating ) by 74.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,522 shares of the transportation company’s stock after selling 4,371 shares during the period. Properties of Russell Investments Group Ltd. in Allegiant Travel were worth $111,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in Allegiant Travel during the second quarter worth about $56,000. Rhumbline Advisers raised its stake in shares of Allegiant Travel by 10.2% in the second quarter. Rhumbline Advisers now owns 45,575 shares of the transportation company’s stock worth $5,154,000 after buying an additional 4,219 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Allegiant Travel by 1,068.1% in the second quarter. Kennedy Capital Management Inc. now owns 16,528 shares of the transportation company’s stock valued at $1,869,000 after buying an additional 15,113 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Allegiant Travel by 16.8% in the second quarter. Mutual of America Capital Management LLC now owns 2,556 shares of the transportation company’s stock worth $289,000 after buying an additional 367 shares during the last quarter. Finally, Capital Investment Services of America Inc. raised its stake in shares of Allegiant Travel by 1.3% in the third quarter. Capital Investment Services of America Inc. now owns 88,567 shares of the transportation company’s stock worth $6,464,000 after buying an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 85.77% of the company’s shares.
Changes in analysts’ estimates
A number of brokerages have recently weighed in on ALGT. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. Bank of America cut their target price on Allegiant Travel from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, February 2nd. Goldman Sachs Group began coverage on Allegiant Travel in a research note on Friday, December 16th. They issued a “buy” rating and a $96.00 price target on the stock. TheStreet downgraded Allegiant Travel from a “c-” rating to a “d” rating in a research note on Thursday, November 3rd. Finally, Cowen downgraded Allegiant Travel from an “outperform” rating to a “market perform” rating and set a $80.00 price objective on the stock. in a research note on Thursday, December 15th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.00, according to data from MarketBeat.com.
Allegiant Travel Trade Down 0.4%
Shares of ALGT stock opened at $100.40 on Friday. The company’s fifty day simple moving average is $80.60, and its two hundred day simple moving average is $83.43. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.32, and a quick ratio of 1.27. Allegiant Travel has a one year low of $62.94 and a one year high of $177.37. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 1,115.68 and a beta of 1.63.
Internal transactions at Allegiant Travel
In other news, COO Scott Sheldon sold 7,304 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $96.71, for a total value of $706,369.84. Following the transaction, the chief operating officer now owns 30,745 shares of the company’s stock, valued at $2,973,348.95. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, COO Keny Frank Wilper sold 503 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $98.03, for a total value of $49,309.09. Following the transaction, the chief operating officer now owns 6,627 shares of the company’s stock, valued at $649,644.81. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, COO Scott Sheldon sold 7,304 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $96.71, for a total transaction of $706,369.84. Following the completion of the transaction, the chief operating officer now directly owns 30,745 shares in the company, valued at approximately $2,973,348.95. Disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,057 shares of company stock valued at $842,391. 15.10% of the shares are currently owned by company insiders.
About Allegiant Travel
(Get rating)
Allegiant Travel Co. engages in the provision of travel services. It includes scheduled air transport service, air travel services and products, third party travel products and flat rate air transport. It operates through the following segments: Airlines, Sunseeker Resorts and Other Non-Airlines.
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