Texas Permanent School Fund Has $1.53 Million Holding in Allegiant Travel Company (ALGT)

Texas Permanent School Fund Has $1.53 Million Holding in Allegiant Travel Company (ALGT)

Texas Permanent School Fund cut its position in Allegiant Travel Company (NASDAQ:ALGT) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 9,515 shares of the transportation company’s stock after selling 22 shares during the period. Texas Permanent School Fund’s holdings in Allegiant Travel Company were worth $1,525,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ALGT. Fuller & Thaler Asset Management Inc. bought a new position in shares of Allegiant Travel Company during the third quarter worth about $120,000. Neuburgh Advisers LLC boosted its position in shares of Allegiant Travel Company by 10.0% in the first quarter. Neuburgh Advisers LLC now owns 748 shares of the transportation company’s stock worth $120,000 after buying an additional 68 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Allegiant Travel Company during the first quarter worth about $140,000. Americafirst Capital Management LLC bought a new position in shares of Allegiant Travel Company during the first quarter worth about $180,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Allegiant Travel Company by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,460 shares of the transportation company’s stock worth $233,000 after buying an additional 40 shares during the last quarter. 79.27% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Company (NASDAQ:ALGT) opened at 139.40 on Monday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.22 and a beta of -0.20. The firm has a 50-day moving average price of $147.38 and a 200-day moving average price of $161.77. Allegiant Travel Company has a 12 month low of $121.70 and a 12 month high of $182.25.

Allegiant Travel Company (NASDAQ:ALGT) last announced its quarterly earnings data on Tuesday, April 25th. The transportation company reported $2.50 EPS for the quarter, missing the consensus estimate of $2.58 by $0.08. Allegiant Travel Company had a net margin of 16.11% and a return on equity of 54.38%. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $374.99 million. During the same quarter in the prior year, the firm earned $4.29 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Allegiant Travel Company will post $9.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.80 annualized dividend and a yield of 2.01%. Allegiant Travel Company’s dividend payout ratio is currently 21.21%.

A number of equities research analysts recently commented on ALGT shares. Stifel Nicolaus restated a “hold” rating and set a $173.00 price target on shares of Allegiant Travel Company in a research report on Wednesday, April 19th. Deutsche Bank AG lowered Allegiant Travel Company from a “buy” rating to a “hold” rating and decreased their price target for the stock from $190.00 to $153.00 in a research report on Wednesday, April 26th. ValuEngine lowered Allegiant Travel Company from a “buy” rating to a “hold” rating in a research report on Friday. Imperial Capital decreased their price target on Allegiant Travel Company from $182.00 to $170.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 12th. Finally, Cowen and Company decreased their price target on Allegiant Travel Company from $162.00 to $157.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Allegiant Travel Company presently has a consensus rating of “Hold” and an average price target of $164.70.

In other news, SVP Gregory Clark Anderson sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $142.08, for a total transaction of $213,120.00. Following the completion of the transaction, the senior vice president now directly owns 15,054 shares in the company, valued at $2,138,872.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Ellmer sold 580 shares of the company’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $162.00, for a total transaction of $93,960.00. Following the transaction, the director now owns 2,255 shares of the company’s stock, valued at $365,310. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,636 shares of company stock valued at $1,027,853. Company insiders own 21.00% of the company’s stock.

Allegiant Travel Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ALGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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