Allegiant Travel (ALGT) Holdings Trimmed by First Mercantile Trust Co.
First Mercantile Trust Co. lowered its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,941 shares of the transportation company’s stock after selling 419 shares during the period. First Mercantile Trust Co.’s holdings in Allegiant Travel were worth $455,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Allegiant Travel by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,177,526 shares of the transportation company’s stock worth $159,672,000 after purchasing an additional 20,068 shares during the period. TimesSquare Capital Management LLC raised its stake in Allegiant Travel by 3.3% during the third 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 during the period. Dimensional Fund Advisors LP raised its stake in Allegiant Travel by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 413,656 shares of the transportation company’s stock worth $54,480,000 after purchasing an additional 11,482 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Allegiant Travel by 19,391.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 404,441 shares of the transportation company’s stock worth $53,265,000 after purchasing an additional 402,366 shares during the period. Finally, State Street Corp raised its stake in 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 purchasing an additional 8,300 shares during the period. 85.90% of the stock is currently owned by institutional investors.
In related news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $148.85, for a total transaction of $148,850.00. Following the sale, the director now owns 2,120 shares of the company’s stock, valued at approximately $315,562. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of Allegiant Travel stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $155.82, for a total transaction of $2,495,924.76. Following the sale, the chief executive officer now directly owns 3,144,674 shares in the company, valued at approximately $490,003,102.68. The disclosure for this sale can be found here. Insiders have sold a total of 288,696 shares of company stock worth $47,742,513 in the last ninety days. 21.00% of the stock is currently owned by insiders.
Allegiant Travel (ALGT) opened at $159.55 on Friday. Allegiant Travel has a one year low of $111.54 and a one year high of $178.20. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78. The company has a market cap of $2,565.24, a price-to-earnings ratio of 16.72, a PEG ratio of 0.50 and a beta of 0.17.
Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Wednesday, January 31st. The transportation company reported $2.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.93. Allegiant Travel had a net margin of 12.96% and a return on equity of 32.60%. The business had revenue of $378.56 million for the quarter, compared to the consensus estimate of $377.25 million. During the same quarter last year, the firm posted $2.48 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts forecast that Allegiant Travel will post 10.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 1st. Allegiant Travel’s dividend payout ratio (DPR) is 23.41%.
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Allegiant Travel 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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