GHP Investment Advisors Inc. cut its position in shares of Allegiant Travel (NASDAQ:ALGT) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,252 shares of the transportation company’s stock after selling 675 shares during the period. GHP Investment Advisors Inc. owned 0.05% of Allegiant Travel worth $1,277,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Allegiant Travel by 47.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,258 shares of the transportation company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Allegiant Travel during the 4th quarter worth about $202,000. Teacher Retirement System of Texas purchased a new stake in shares of Allegiant Travel during the 4th quarter worth about $216,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of Allegiant Travel during the 4th quarter worth about $233,000. Finally, Leucadia National Corp purchased a new stake in shares of Allegiant Travel during the 4th quarter worth about $307,000. 90.91% of the stock is owned by institutional investors.
In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 12,645 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $163.40, for a total value of $2,066,193.00. Following the sale, the chief executive officer now owns 2,977,169 shares of the company’s stock, valued at approximately $486,469,414.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory Clark Anderson sold 1,650 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 15,935 shares in the company, valued at approximately $2,840,413.75. The disclosure for this sale can be found here. Insiders sold a total of 302,111 shares of company stock worth $49,975,376 in the last ninety days. Insiders own 22.00% of the company’s stock.
Shares of Allegiant Travel (NASDAQ:ALGT) opened at $179.60 on Wednesday. The stock has a market capitalization of $2,851.83, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.73. Allegiant Travel has a fifty-two week low of $111.54 and a fifty-two 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.93. The firm had revenue of $378.56 million for the quarter, compared to analyst estimates of $377.25 million. Allegiant Travel had a return on equity of 31.47% and a net margin of 12.96%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. equities research analysts forecast that Allegiant Travel will post 10.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 1st. Allegiant Travel’s dividend payout ratio (DPR) is currently 23.41%.
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Allegiant Travel Company Profile
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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