According to the most recent filing that Assenagon Asset Management S.A. made with the Securities and Exchange Commission, the company’s holdings in Allegiant Travel (NASDAQ: ALGT) were reduced by 94.9% during the third quarter. After selling 88,100 shares of the transportation company’s stock throughout the time frame, the institutional investor was left with 4,700 shares of ownership. The value of Assenagon Asset Management S.A.’s holdings in Allegiant Travel was USD 343,000 as of the end of the most recent fiscal quarter.
Recent months have seen several other hedge funds adjust the percentage of their total assets placed in ALGT investments. During the second quarter, Strs Ohio made a new investment in Allegiant Travel, amounting to approximately $56,000, to take a position in the company. ACG Wealth increased its holding in Allegiant Travel by approximately $68,000 during the year’s second quarter to capitalize on the company’s strong performance. During the second quarter, Captrust Financial Advisors acquired an additional 20.7% of the ownership stake they already possessed in Allegiant Travel. Following the purchase of an additional 168 shares during the most recent quarter, Captrust Financial Advisors now possesses 980 shares of the transportation company’s stock, which has a value of $111,000; this brings the total number of shares owned by the company to 980 (as of last reporting). Meeder Asset Management Inc. increased the amount of Allegiant Travel stock held by 182.6% during the year’s second quarter. Following purchasing 734 additional shares during the most recent fiscal quarter, Meeder Asset Management Inc. now has 1,136 shares of the transportation company’s stock, currently valued at $128,000. This brings the total number of shares owned by the company to 1,136. Last but not least, during the second quarter of 2018, Point72 Hong Kong Ltd. added to its holdings of Allegiant Travel by purchasing an additional 129,000 shares of the company’s stock. Institutional investors and hedge funds collectively own 85.77 percent of the total number of shares issued by the company.
On Wednesday, the price of a share of ALGT stock was $80.71, an increase from the previous day. Allegiant Travel’s stock hit a 52-week low of $62.94, while it reached a 52-week high of $191.95 during the same period. The company has a price-to-earnings ratio of -36.85, and the stock has a beta value of 1.56. The current price of the stock on the market is equivalent to $1.48 billion. The stock reached its 52-week high of $191.95 and has a debt-to-equity ratio of 1.55, a quick ratio of 1.27, a current ratio of 1.32, and a debt-to-equity ratio of 1.55. The company has a price-to-earnings ratio of -36.85, and the stock has a beta value of 1.56. The current price of the stock on the market is equivalent to $1.48 billion. The debt-to-equity ratio comes in at 1.55, the quick ratio comes in at 1.27, the current ratio comes in at 1.32, and the debt-to-equity ratio comes in at 1.55. The company has had a moving average of $74.76 for the past 50 days, and the moving average for the past 200 days is $87.12, respectively.
On November 2, Allegiant Travel (NASDAQ: ALGT) shared its most recent quarterly earnings report with the investing community. The transportation company reported that its earnings per share (EPS) for the previous quarter came in at $0.54, which was $0.07 less than the consensus estimate of $0.47 compiled by analysts in the industry. The company reported revenue of $560.33 million for the period in question, which was significantly higher than the consensus expectation of $556.65 million for revenue during that period. Even though Allegiant Travel had a net margin in the red by 1.8 percent, its return on equity was 1.68%, which is a positive number. According to industry analysts’ projections, Allegiant Travel will bring in a profit of $0.66 per share for the current financial year.
The stock in question has been the subject of several financial analysts’ commentary. In a research note made public by StockNews.com on October 11, the rating for Allegiant Travel was shifted from “sell” to “hold.” In a research note published on Monday, December 5, Morgan Stanley lowered their price objective for Allegiant Travel from $175.00 to $115.00, downgrading the company from “overweight” to “equal weight.” Cowen lowered their recommendation on Allegiant Travel stock, moving it from “outperform” to “market perform,” They now have an $80 price target for the stock. A scholarly note was made accessible to the general public on December 15. Goldman Sachs G