Allegiant Travel Co Stock as Institutional Investors Enter

May 17, 2018 - By Maria Brooks

Allegiant Travel Company (NASDAQ:ALGT) Logo

Sentiment for Allegiant Travel Co (NASDAQ:ALGT)

Allegiant Travel Co (NASDAQ:ALGT) institutional sentiment increased to 0.89 in 2017 Q4. Its up 0.09, from 0.8 in 2017Q3. The ratio improved, as 74 hedge funds opened new or increased holdings, while 83 sold and reduced their positions in Allegiant Travel Co. The hedge funds in our partner’s database now hold: 14.43 million shares, up from 13.79 million shares in 2017Q3. Also, the number of hedge funds holding Allegiant Travel Co in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 24 Reduced: 59 Increased: 50 New Position: 24.

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 has market cap of $2.60 billion. The firm offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations. It has a 13.5 P/E ratio. As of February 1, 2017, it operated a fleet of 47 MD-80 aircraft, 34 Airbus A320 series aircraft, and 4 Boeing 757-200 aircraft provided services on 377 routes to 119 cities.

The stock increased 1.77% or $2.8 during the last trading session, reaching $161. About 101,336 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 4.67% since May 17, 2017 and is uptrending. It has underperformed by 6.88% the S&P500.

Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on July, 25. They expect $2.85 EPS, down 3.06 % or $0.09 from last year’s $2.94 per share. ALGT’s profit will be $46.02M for 14.12 P/E if the $2.85 EPS becomes a reality. After $3.42 actual EPS reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Rk Asset Management Llc holds 5.74% of its portfolio in Allegiant Travel Company for 43,982 shares. U S Global Investors Inc owns 26,404 shares or 1.86% of their US portfolio. Moreover, Capital Investment Services Of America Inc. has 1.68% invested in the company for 68,221 shares. The Utah-based Wasatch Advisors Inc has invested 1.34% in the stock. Midas Management Corp, a New York-based fund reported 20,100 shares.

Since January 1, 0001, it had 0 insider buys, and 5 insider sales for $33.56 million activity.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Ratings analysis reveals 50% of Allegiant Travel Company’s analysts are positive. Out of 8 Wall Street analysts rating Allegiant Travel Company, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $150.0 while the high is $210.0. The stock’s average target of $167 is 3.73% above today’s ($161) share price. ALGT was included in 16 notes of analysts from December 1, 2017. The rating was upgraded by Stifel Nicolaus on Tuesday, January 16 to “Buy”. Deutsche Bank upgraded Allegiant Travel Company (NASDAQ:ALGT) on Thursday, December 21 to “Buy” rating. On Tuesday, December 5 the stock rating was downgraded by Buckingham Research to “Neutral”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 31. Stifel Nicolaus maintained Allegiant Travel Company (NASDAQ:ALGT) rating on Wednesday, January 10. Stifel Nicolaus has “Hold” rating and $150.0 target. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Buy” rating by Bank of America on Tuesday, January 9. Morgan Stanley maintained Allegiant Travel Company (NASDAQ:ALGT) on Friday, April 6 with “Equal-Weight” rating. Cowen & Co maintained the stock with “Hold” rating in Friday, December 1 report. Stifel Nicolaus maintained the shares of ALGT in report on Thursday, April 26 with “Buy” rating. Cowen & Co maintained it with “Hold” rating and $166.0 target in Monday, January 8 report.

More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Seekingalpha.com which released: “Wait In Standby For Allegiant” on May 16, 2018, also Seekingalpha.com with their article: “American Airlines, Allegiant slide on planned review of FAA safety oversight” published on May 09, 2018, Globenewswire.com published: “June 25th Deadline in Lawsuit for investors in shares of Allegiant Travel Company (NASDAQ:ALGT) announced by …” on April 26, 2018. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Streetinsider.com and their article: “US Dept. Of Transportation Conducting an Audit into FAA Oversight of maintenance at Allegiant Travel (ALGT) and …” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “Spirit runs fare hike up the flagpole” with publication date: April 20, 2018.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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