Ameritas Investment Partners Inc. Has $155,000 Holdings in Allegiant Travel Company (ALGT)
Ameritas Investment Partners Inc. continued to hold its position in shares of Allegiant Travel Company (NASDAQ:ALGT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,141 shares of the transportation company’s stock at the end of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in Allegiant Travel were worth $155,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in shares of Allegiant Travel during the second quarter worth $327,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Allegiant Travel during the second quarter worth $675,000. State Street Corp increased its position in shares of Allegiant Travel by 2.4% during the second quarter. State Street Corp now owns 354,060 shares of the transportation company’s stock worth $48,013,000 after buying an additional 8,300 shares during the period. Flinton Capital Management LLC increased its position in shares of Allegiant Travel by 81.8% during the second quarter. Flinton Capital Management LLC now owns 1,120 shares of the transportation company’s stock worth $152,000 after buying an additional 504 shares during the period. Finally, Capital Research Global Investors increased its position in shares of Allegiant Travel by 33.6% during the second quarter. Capital Research Global Investors now owns 547,178 shares of the transportation company’s stock worth $74,197,000 after buying an additional 137,600 shares during the period. Institutional investors own 84.61% of the company’s stock.
Allegiant Travel Company (ALGT) opened at $132.25 on Friday. Allegiant Travel Company has a 12 month low of $111.54 and a 12 month high of $182.25. The firm has a market cap of $2,126.32, a price-to-earnings ratio of 14.21 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 1.78.
Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The firm had revenue of $348.80 million for the quarter, compared to analyst estimates of $349.79 million. During the same period last year, the firm earned $2.75 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts anticipate that Allegiant Travel Company will post 8.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Wednesday, November 22nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, November 21st. Allegiant Travel’s dividend payout ratio (DPR) is 30.08%.
Allegiant Travel announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the transportation company to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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In other Allegiant Travel news, President John Redmond acquired 11,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were purchased at an average cost of $138.28 per share, with a total value of $1,521,080.00. Following the completion of the purchase, the president now owns 92,574 shares of the company’s stock, valued at $12,801,132.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott Sheldon sold 5,872 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $137.63, for a total transaction of $808,163.36. Following the completion of the transaction, the chief financial officer now directly owns 21,202 shares in the company, valued at $2,918,031.26. The disclosure for this sale can be found here. 21.00% of the stock is currently owned by company insiders.
Several research firms have recently weighed in on ALGT. BidaskClub cut shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $135.00 price objective on shares of Allegiant Travel in a research report on Thursday, October 26th. Citigroup Inc. decreased their price objective on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, September 26th. Cowen and Company reiterated a “hold” rating and set a $145.00 price objective on shares of Allegiant Travel in a research report on Tuesday, October 17th. Finally, Morgan Stanley cut their target price on shares of Allegiant Travel from $139.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $144.17.
About Allegiant Travel
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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