GHP Investment Advisors Inc. Sells 675 Shares of Allegiant Travel (ALGT)
GHP Investment Advisors Inc. lessened its position in shares of Allegiant Travel (NASDAQ:ALGT) by 7.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,252 shares of the transportation company’s stock after selling 675 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Allegiant Travel were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Allegiant Travel by 5.3% during the 4th quarter. BlackRock Inc. now owns 1,582,211 shares of the transportation company’s stock worth $244,846,000 after purchasing an additional 79,072 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Allegiant Travel by 3.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 698,787 shares of the transportation company’s stock worth $92,030,000 after purchasing an additional 22,495 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Allegiant Travel by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 648,408 shares of the transportation company’s stock worth $100,343,000 after purchasing an additional 5,309 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Allegiant Travel by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 413,656 shares of the transportation company’s stock valued at $54,480,000 after buying an additional 11,482 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Allegiant Travel by 7.7% in the 3rd quarter. Schroder Investment Management Group now owns 269,275 shares of the transportation company’s stock valued at $35,989,000 after buying an additional 19,303 shares in the last quarter. 90.91% of the stock is currently owned by institutional investors.
Several brokerages recently commented on ALGT. ValuEngine raised Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Wolfe Research raised Allegiant Travel from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. Imperial Capital reaffirmed an “in-line” rating and issued a $165.00 price target (up previously from $150.00) on shares of Allegiant Travel in a research note on Thursday, February 1st. Zacks Investment Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Tuesday, February 6th. Finally, BidaskClub raised Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $164.64.
Allegiant Travel (NASDAQ:ALGT) opened at $179.60 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.98 and a quick ratio of 0.95. Allegiant Travel has a 52-week low of $111.54 and a 52-week high of $180.20. The stock has a market capitalization of $2,851.83, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.93. Allegiant Travel had a return on equity of 31.47% and a net margin of 12.96%. The firm had revenue of $378.56 million during the quarter, compared to the consensus estimate of $377.25 million. During the same quarter in the previous year, the company posted $2.48 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities research analysts expect that Allegiant Travel will post 10.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $2.80 annualized dividend and a yield of 1.56%. Allegiant Travel’s payout ratio is 23.41%.
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.
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