Dynamic Technology Lab Private Ltd purchased a new stake in shares of Allegiant Travel (NASDAQ:ALGT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,911 shares of the transportation company’s stock, valued at approximately $822,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Allegiant Travel by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 21,012 shares of the transportation company’s stock valued at $3,625,000 after buying an additional 399 shares during the period. Rhumbline Advisers increased its stake in Allegiant Travel by 1.3% in the 1st quarter. Rhumbline Advisers now owns 31,459 shares of the transportation company’s stock valued at $5,428,000 after buying an additional 400 shares during the period. Prudential Financial Inc. increased its stake in Allegiant Travel by 38.1% in the 1st quarter. Prudential Financial Inc. now owns 34,629 shares of the transportation company’s stock valued at $5,975,000 after buying an additional 9,550 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Allegiant Travel by 10.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,580 shares of the transportation company’s stock valued at $790,000 after buying an additional 415 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in Allegiant Travel in the 1st quarter valued at approximately $201,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

In related news, EVP Robert Paul Wilson III sold 380 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $135.01, for a total value of $51,303.80. Following the transaction, the executive vice president now directly owns 17,816 shares in the company, valued at approximately $2,405,338.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.80% of the company’s stock.

Shares of ALGT opened at $126.70 on Wednesday. Allegiant Travel has a 12 month low of $116.85 and a 12 month high of $181.45. The firm has a market cap of $2.14 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.51 and a beta of 0.16. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.54.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Wednesday, July 25th. The transportation company reported $3.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.44. Allegiant Travel had a net margin of 13.21% and a return on equity of 30.22%. The company had revenue of $436.80 million for the quarter, compared to analyst estimates of $437.69 million. During the same quarter in the prior year, the business posted $2.94 EPS. Allegiant Travel’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts forecast that Allegiant Travel will post 9.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.70 dividend. The ex-dividend date was Thursday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.21%. Allegiant Travel’s payout ratio is presently 29.32%.

ALGT has been the topic of several research reports. Citigroup dropped their price objective on shares of Allegiant Travel from $195.00 to $193.00 and set a “buy” rating on the stock in a research note on Tuesday, May 29th. BidaskClub lowered shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Friday, June 8th. Zacks Investment Research lowered shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. ValuEngine lowered shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, Morgan Stanley dropped their price target on shares of Allegiant Travel from $164.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $152.36.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations.

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

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