Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Allegiant Travel Co. (NASDAQ:ALGT) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,737 shares of the company’s stock after buying an additional 210 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.10% of Allegiant Travel worth $2,078,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Pacer Advisors Inc. purchased a new position in Allegiant Travel during the second quarter valued at $148,000. Bank of Montreal Can purchased a new position in Allegiant Travel during the second quarter valued at $151,000. Barclays PLC purchased a new position in Allegiant Travel during the second quarter valued at $155,000. BlackRock Inc. boosted its position in Allegiant Travel by 61.5% in the second quarter. BlackRock Inc. now owns 1,324 shares of the company’s stock valued at $200,000 after buying an additional 504 shares during the last quarter. Finally, Invictus RG boosted its position in Allegiant Travel by 25.0% in the second quarter. Invictus RG now owns 1,359 shares of the company’s stock valued at $206,000 after buying an additional 272 shares during the last quarter. 79.04% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Allegiant Travel Co. (NASDAQ:ALGT) traded down 1.04% during trading on Monday, hitting $167.00. 100,853 shares of the stock traded hands. The stock has a market cap of $2.74 billion, a PE ratio of 11.83 and a beta of -0.27. Allegiant Travel Co. has a 12 month low of $121.70 and a 12 month high of $189.50. The firm’s 50-day moving average price is $152.05 and its 200-day moving average price is $141.97.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $84.35 million. Allegiant Travel had a net margin of 17.57% and a return on equity of 60.20%. Allegiant Travel’s revenue for the quarter was down 88.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.62 EPS. Analysts anticipate that Allegiant Travel Co. will post $13.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Wednesday, November 23rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.66%. Allegiant Travel’s dividend payout ratio is currently 19.86%.

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ALGT has been the subject of several research reports. Imperial Capital upped their target price on shares of Allegiant Travel from $160.00 to $196.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 22nd. Credit Suisse Group AG set a $133.00 target price on shares of Allegiant Travel and gave the stock a “hold” rating in a research report on Tuesday, September 13th. Cowen and Company cut their target price on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating for the company in a research report on Monday, August 1st. Buckingham Research upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Friday, September 23rd. Finally, Citigroup Inc. initiated coverage on shares of Allegiant Travel in a research report on Friday, November 18th. They issued a “buy” rating and a $185.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $176.83.

In other Allegiant Travel news, CFO Scott Sheldon sold 2,596 shares of Allegiant Travel stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $153.70, for a total value of $399,005.20. Following the sale, the chief financial officer now directly owns 20,964 shares in the company, valued at approximately $3,222,166.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.00% of the stock is currently owned by company insiders.

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. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

5 Day Chart for NASDAQ:ALGT

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