Allegiant Travel Company (ALGT) : Gilder Gagnon Howe Co reduced its stake in Allegiant Travel Company by 2.07% during the most recent quarter end. The investment management company now holds a total of 132,352 shares of Allegiant Travel Company which is valued at $16,255,473 after selling 2,792 shares in Allegiant Travel Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Allegiant Travel Company makes up approximately 0.30% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in ALGT by selling 785 shares or 89.2% in the most recent quarter. The Hedge Fund company now holds 95 shares of ALGT which is valued at $11,668. Parkwood added ALGT to its portfolio by purchasing 1,932 company shares during the most recent quarter which is valued at $275,909. Allegiant Travel Company makes up approx 0.04% of Parkwood’s portfolio.Rk Asset Management boosted its stake in ALGT in the latest quarter, The investment management firm added 771 additional shares and now holds a total of 48,732 shares of Allegiant Travel Company which is valued at $7,213,798. Allegiant Travel Company makes up approx 6.32% of Rk Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in ALGT in the latest quarter, The investment management firm added 366 additional shares and now holds a total of 4,760 shares of Allegiant Travel Company which is valued at $700,482. Allegiant Travel Company makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Cutler Group Lp reduced its stake in ALGT by selling 10 shares or 76.92% in the most recent quarter. The Hedge Fund company now holds 3 shares of ALGT which is valued at $441.
Allegiant Travel Company opened for trading at $123.32 and hit $125.65 on the upside on Thursday, eventually ending the session at $124.89, with a gain of 1.69% or 2.07 points. The heightened volatility saw the trading volume jump to 2,29,324 shares. Company has a market cap of $2,064 M.
On the company’s financial health, Allegiant Travel Company reported $3.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $3.55. The company had revenue of $344.90 million for the quarter, compared to analysts expectations of $344.30 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.18 EPS.
Many Wall Street Analysts have commented on Allegiant Travel Company. Shares were Reiterated by Cowen on Aug 1, 2016 to “Market Perform” and Lowered the Price Target to $ 147 from a previous price target of $165 .Allegiant Travel Company was Upgraded by Raymond James to ” Outperform” on Jun 14, 2016.
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. The Company’s products and services include scheduled service air transportation air-related ancillary products and services third-party ancillary products and services fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. Third-party ancillary products and services comprise offering third-party travel products. Fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.