BlackRock Inc. grew its stake in Allegiant Travel (NASDAQ:ALGT) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,582,211 shares of the transportation company’s stock after purchasing an additional 79,072 shares during the period. BlackRock Inc. owned 0.10% of Allegiant Travel worth $244,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. increased its stake in shares of Allegiant Travel by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,605 shares of the transportation company’s stock worth $867,000 after acquiring an additional 338 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Allegiant Travel by 47.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock worth $166,000 after acquiring an additional 402 shares during the last quarter. American International Group Inc. increased its stake in shares of Allegiant Travel by 4.9% in the 3rd quarter. American International Group Inc. now owns 10,306 shares of the transportation company’s stock worth $1,357,000 after acquiring an additional 483 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Allegiant Travel by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 28,801 shares of the transportation company’s stock worth $3,793,000 after acquiring an additional 701 shares during the last quarter. Finally, RK Asset Management LLC increased its stake in shares of Allegiant Travel by 1.8% in the 4th quarter. RK Asset Management LLC now owns 43,982 shares of the transportation company’s stock worth $6,806,000 after acquiring an additional 767 shares during the last quarter. 90.91% of the stock is owned by institutional investors and hedge funds.

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A number of analysts recently issued reports on the company. ValuEngine raised Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Wolfe Research raised Allegiant Travel from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. Imperial Capital reissued an “in-line” rating and set a $165.00 price objective (up from $150.00) on shares of Allegiant Travel in a research report on Thursday, February 1st. Zacks Investment Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, February 6th. Finally, BidaskClub raised Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Allegiant Travel currently has an average rating of “Hold” and an average target price of $164.64.

Allegiant Travel (NASDAQ:ALGT) opened at $179.60 on Wednesday. The firm has a market capitalization of $2,890.00, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.55 and a beta of 0.14. 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.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, January 31st. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.93. The company had revenue of $378.56 million during the quarter, compared to the consensus estimate of $377.25 million. Allegiant Travel had a return on equity of 31.47% and a net margin of 12.96%. Allegiant Travel’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 EPS. equities research analysts anticipate that Allegiant Travel will post 10.93 earnings per share for the current year.

The company also recently announced 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. This represents a $2.80 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 1st. Allegiant Travel’s dividend payout ratio is currently 37.23%.

In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 17,818 shares of Allegiant Travel stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $155.74, for a total value of $2,774,975.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory Clark Anderson sold 1,650 shares of Allegiant Travel stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $178.25, for a total value of $294,112.50. Following the completion of the transaction, the senior vice president now directly owns 15,935 shares of the company’s stock, valued at $2,840,413.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 302,111 shares of company stock valued at $49,975,376. 22.00% of the stock is currently owned by corporate insiders.

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

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