The Consulta Ltd Lowers Stake in Allison Transmission Holdings Inc (ALSN)

The Consulta Ltd Lowers Stake in Allison Transmission Holdings Inc (ALSN)

Consulta Ltd decreased its stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 42.0% during the third quarter, Holdings Channel reports. The institutional investor owned 725,000 shares of the company’s stock after selling 525,000 shares during the period. Allison Transmission Holdings comprises about 2.7% of Consulta Ltd’s portfolio, making the stock its 12th largest position. Consulta Ltd owned approximately 0.44% of Allison Transmission Holdings worth $20,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ALSN. Vanguard Group Inc. increased its position in shares of Allison Transmission Holdings by 0.5% in the second quarter. Vanguard Group Inc. now owns 11,298,352 shares of the company’s stock valued at $318,952,000 after buying an additional 54,484 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Allison Transmission Holdings by 70.6% in the second quarter. Principal Financial Group Inc. now owns 429,387 shares of the company’s stock valued at $12,122,000 after buying an additional 177,630 shares during the period. Prudential Financial Inc. increased its position in shares of Allison Transmission Holdings by 1,014.3% in the second quarter. Prudential Financial Inc. now owns 402,270 shares of the company’s stock valued at $11,356,000 after buying an additional 366,170 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Allison Transmission Holdings by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,413,434 shares of the company’s stock valued at $39,900,000 after buying an additional 7,843 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Allison Transmission Holdings by 7.4% in the second quarter. Teacher Retirement System of Texas now owns 20,344 shares of the company’s stock valued at $574,000 after buying an additional 1,410 shares during the period.

Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) opened at 33.76 on Thursday. The stock has a market capitalization of $5.58 billion and a PE ratio of 34.41. Allison Transmission Holdings Inc has a 52 week low of $20.56 and a 52 week high of $35.76. The stock’s 50 day moving average is $33.95 and its 200 day moving average is $29.98.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings data on Monday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company earned $434.30 million during the quarter, compared to the consensus estimate of $431.07 million. The company’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. Analysts anticipate that Allison Transmission Holdings Inc will post $1.17 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, October 27th. Piper Jaffray Cos. downgraded Allison Transmission Holdings from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $28.00 to $30.00 in a report on Friday, December 9th. JPMorgan Chase & Co. upgraded Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a report on Friday, December 9th. assumed coverage on Allison Transmission Holdings in a report on Friday, September 30th. They issued an “outperform” rating and a $31.00 price target for the company. Finally, Barclays PLC cut their price target on Allison Transmission Holdings from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.86.

In related news, VP Eric C. Scroggins sold 1,238 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $29.03, for a total transaction of $35,939.14. Following the completion of the sale, the vice president now directly owns 14,083 shares in the company, valued at $408,829.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Dick sold 24,936 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $29.12, for a total transaction of $726,136.32. Following the sale, the senior vice president now owns 66,658 shares of the company’s stock, valued at $1,941,080.96. The disclosure for this sale can be found here.

Allison Transmission Holdings Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.

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