The Two Sigma Advisers LP Sells 111,893 Shares of Allison Transmission Holdings Inc (ALSN)

The Two Sigma Advisers LP Sells 111,893 Shares of Allison Transmission Holdings Inc (ALSN)

Two Sigma Advisers LP cut its position in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 12.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 793,067 shares of the company’s stock after selling 111,893 shares during the period. Two Sigma Advisers LP owned 0.48% of Allison Transmission Holdings worth $22,745,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Hedeker Wealth LLC purchased a new position in Allison Transmission Holdings during the third quarter worth approximately $219,000. Public Employees Retirement Association of Colorado boosted its position in Allison Transmission Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,561 shares of the company’s stock worth $131,000 after buying an additional 19 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Allison Transmission Holdings by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the company’s stock worth $145,000 after buying an additional 578 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Allison Transmission Holdings by 13.3% in the third quarter. Acrospire Investment Management LLC now owns 6,813 shares of the company’s stock worth $195,000 after buying an additional 800 shares in the last quarter. Finally, Blair William & Co. IL purchased a new position in Allison Transmission Holdings during the second quarter worth approximately $203,000.

Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) opened at 33.76 on Thursday. The company has a market cap of $5.58 billion and a price-to-earnings ratio of 34.41. Allison Transmission Holdings Inc has a one year low of $20.56 and a one year high of $35.76. The company’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 for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $434.30 million for the quarter, compared to analyst estimates of $431.07 million. The business’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, equities analysts predict that Allison Transmission Holdings Inc will post $1.17 EPS for the current year.

A number of equities analysts recently commented on ALSN shares. Piper Jaffray Cos. cut shares of Allison Transmission Holdings from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $28.00 to $30.00 in a research note on Friday, December 9th. Macquarie started coverage on shares of Allison Transmission Holdings in a research note on Tuesday, December 13th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised shares of Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a research note on Friday, December 9th. started coverage on shares of Allison Transmission Holdings in a research note on Friday, September 30th. They set an “outperform” rating and a $31.00 price target for the company. Finally, Barclays PLC dropped their price target on shares of Allison Transmission Holdings from $31.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Allison Transmission Holdings presently has an average rating of “Hold” and a consensus price target of $30.86.

In other news, VP Sharon L. Dean sold 1,278 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $32.85, for a total value of $41,982.30. Following the completion of the sale, the vice president now directly owns 9,184 shares in the company, valued at $301,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Eric C. Scroggins sold 1,238 shares of the stock in a transaction dated 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 owns 14,083 shares of the company’s stock, valued at $408,829.49. 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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