Allegiant Travel (ALGT) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lessened its stake in Allegiant Travel (NASDAQ:ALGT) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,461 shares of the transportation company’s stock after selling 705 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.63% of Allegiant Travel worth $12,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ALGT. Wells Fargo & Company MN grew its stake in shares of Allegiant Travel by 1.9% in the first 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 in the last quarter. UBS Group AG grew its stake in shares of Allegiant Travel by 98.3% in the first quarter. UBS Group AG now owns 6,768 shares of the transportation company’s stock valued at $1,168,000 after buying an additional 3,355 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Allegiant Travel by 1.8% in the first quarter. Legal & General Group Plc now owns 23,937 shares of the transportation company’s stock valued at $4,103,000 after buying an additional 426 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Allegiant Travel by 2.1% in the first quarter. Principal Financial Group Inc. now owns 97,381 shares of the transportation company’s stock valued at $16,803,000 after buying an additional 2,032 shares in the last quarter. Finally, Capital Investment Services of America Inc. grew its stake in shares of Allegiant Travel by 1.1% in the second quarter. Capital Investment Services of America Inc. now owns 68,508 shares of the transportation company’s stock valued at $9,519,000 after buying an additional 718 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

A number of equities research analysts have recently weighed in on ALGT shares. Morgan Stanley set a $130.00 price objective on Allegiant Travel and gave the company a “hold” rating in a research note on Thursday, October 11th. BidaskClub cut Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Imperial Capital dropped their price objective on Allegiant Travel from $165.00 to $121.00 and set an “inline” rating for the company in a research note on Friday, July 27th. ValuEngine cut Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Buckingham Research dropped their price objective on Allegiant Travel from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $151.40.

NASDAQ:ALGT opened at $114.14 on Thursday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.55 and a beta of 0.13. Allegiant Travel has a 12-month low of $105.21 and a 12-month high of $181.45. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.54.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, October 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). The company had revenue of $393.11 million during the quarter, compared to analysts’ expectations of $390.30 million. Allegiant Travel had a net margin of 12.42% and a return on equity of 27.46%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. Equities research analysts predict that Allegiant Travel will post 9.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, November 21st. Allegiant Travel’s dividend payout ratio (DPR) is 29.32%.

In other Allegiant Travel news, EVP Robert Paul Wilson III sold 380 shares of Allegiant Travel stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $135.01, for a total transaction of $51,303.80. Following the completion of the sale, the executive vice president now directly owns 17,816 shares of the company’s stock, valued at approximately $2,405,338.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.80% of the stock is owned by insiders.

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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