Allison Transmission Holdings Inc (ALSN) Position Increased by Laurion Capital Management LP
Laurion Capital Management LP raised its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) by 23.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,200 shares of the company’s stock after buying an additional 2,100 shares during the period. Laurion Capital Management LP’s holdings in Allison Transmission Holdings were worth $321,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ALSN. Hedeker Wealth LLC purchased a new position in Allison Transmission Holdings during the third quarter valued at $219,000. Public Employees Retirement Association of Colorado boosted its position in Allison Transmission Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,561 shares of the company’s stock valued at $131,000 after buying an additional 19 shares during the last quarter. US Bancorp DE boosted its position in Allison Transmission Holdings by 0.5% in the third quarter. US Bancorp DE now owns 43,974 shares of the company’s stock valued at $1,261,000 after buying an additional 206 shares during the last quarter. Mackenzie Financial Corp boosted its position in Allison Transmission Holdings by 3.7% in the second quarter. Mackenzie Financial Corp now owns 16,992 shares of the company’s stock valued at $480,000 after buying an additional 611 shares during the last quarter. Finally, Invictus RG boosted its position in Allison Transmission Holdings by 10.4% in the second quarter. Invictus RG now owns 7,603 shares of the company’s stock valued at $215,000 after buying an additional 719 shares during the last quarter.
Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) traded up 0.59% during trading on Friday, reaching $33.99. The company had a trading volume of 652,877 shares. Allison Transmission Holdings Inc has a 1-year low of $20.56 and a 1-year high of $35.76. The company’s 50 day moving average is $33.84 and its 200-day moving average is $29.87. The stock has a market capitalization of $5.62 billion and a price-to-earnings ratio of 34.65.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business earned $434.30 million during the quarter, compared to the consensus estimate of $431.07 million. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.80 EPS. On average, equities research analysts anticipate that Allison Transmission Holdings Inc will post $1.17 earnings per share for the current year.
Several research firms have recently weighed in on ALSN. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, October 27th. Piper Jaffray Companies cut Allison Transmission Holdings from a “neutral” rating to an “underweight” rating and increased their price target for the company from $28.00 to $30.00 in a report on Friday, December 9th. J P Morgan Chase & Co raised Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a report on Friday, December 9th. assumed coverage on Allison Transmission Holdings in a report on Friday, September 30th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, Barclays PLC decreased their target price on Allison Transmission Holdings from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Allison Transmission Holdings has an average rating of “Hold” and an average target price of $30.86.
In other Allison Transmission Holdings news, SVP Michael Dick sold 24,936 shares of Allison Transmission Holdings stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $29.12, for a total value of $726,136.32. Following the transaction, the senior vice president now directly owns 66,658 shares of the company’s stock, valued at $1,941,080.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David S. Graziosi sold 1,400 shares of Allison Transmission Holdings stock in a transaction on Friday, December 9th. The stock was sold at an average price of $35.03, for a total transaction of $49,042.00. Following the completion of the transaction, the chief financial officer now directly owns 200,261 shares in the company, valued at $7,015,142.83. The disclosure for this sale can be found here.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.
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