Neuberger Berman Group LLC boosted its position in Allegiant Travel Co. (NASDAQ:ALGT) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,079 shares of the company’s stock after buying an additional 52,815 shares during the period. Neuberger Berman Group LLC’s holdings in Allegiant Travel were worth $67,234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ALGT. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Allegiant Travel by 1.4% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 15,737 shares of the company’s stock worth $2,078,000 after buying an additional 210 shares during the period. Capital Fund Management S.A. raised its stake in shares of Allegiant Travel by 79.4% in the third quarter. Capital Fund Management S.A. now owns 34,161 shares of the company’s stock worth $4,512,000 after buying an additional 15,114 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in Allegiant Travel during the third quarter valued at $6,036,000. Texas Permanent School Fund raised its stake in Allegiant Travel by 0.6% in the third quarter. Texas Permanent School Fund now owns 9,920 shares of the company’s stock valued at $1,310,000 after buying an additional 63 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in Allegiant Travel by 4.4% in the third quarter. Great West Life Assurance Co. Can now owns 16,803 shares of the company’s stock valued at $2,217,000 after buying an additional 709 shares during the period. Hedge funds and other institutional investors own 79.04% of the company’s stock.

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

Shares of Allegiant Travel Co. (NASDAQ:ALGT) opened at 166.30 on Wednesday. The company’s 50-day moving average is $152.05 and its 200-day moving average is $141.97. The company has a market capitalization of $2.73 billion, a PE ratio of 11.78 and a beta of -0.27. Allegiant Travel Co. has a one year low of $121.70 and a one year high of $193.36.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, October 26th. The company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The company earned $33.50 million during 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%. The firm’s revenue for the quarter was down 88.8% compared to the same quarter last year. During the same period last year, the firm earned $2.62 EPS. Equities analysts predict that Allegiant Travel Co. will post $13.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Wednesday, November 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, November 21st. Allegiant Travel’s payout ratio is 19.86%.

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Several equities research analysts recently weighed in on ALGT shares. Zacks Investment Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Stifel Nicolaus dropped their price objective on shares of Allegiant Travel from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Credit Suisse Group AG set a $133.00 price objective on shares of Allegiant Travel and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Buckingham Research upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Friday, September 23rd. Finally, Imperial Capital started coverage on shares of Allegiant Travel in a research note on Friday, October 7th. They set an “outperform” rating and a $164.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $177.25.

In related news, CFO Scott Sheldon sold 2,596 shares of Allegiant Travel stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $153.70, for a total transaction of $399,005.20. Following the completion of the transaction, the chief financial officer now directly owns 20,964 shares of the company’s stock, valued at approximately $3,222,166.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.00% of the company’s stock.

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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