November 30, 2016 - By Ellis Scott
EU: In an analyst report revealed to investors on Wednesday morning, Cowen restate their “Market Perform” rating on shares of Allegiant Travel (ALGT). They currently have a $152.0 target price per share on the firm. Cowen’s target would indicate a potential downside of -8.60% from the company’s close price.
Out of 4 analysts covering Allegiant Travel (ALGT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Allegiant Travel has been the topic of 4 analyst reports since September 23, 2016 according to StockzIntelligence Inc. Imperial Capital initiated Allegiant Travel Company (NASDAQ:ALGT) rating on Friday, October 7. Imperial Capital has “Outperform” rating and $164.0 price target. Citigroup initiated the shares of ALGT in a report on Friday, November 18 with “Buy” rating. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Mkt Perform” rating given on Thursday, October 27 by Raymond James. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Buy” rating given on Friday, September 23 by Buckingham Research.
The stock decreased 0.42% or $0.7 during the last trading session, hitting $166.3. Allegiant Travel Company (ALGT) has declined 1.28% since April 27, 2016 and is downtrending. It has underperformed by 6.51% the S&P500.
Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on January, 25. They expect $2.29 EPS, down 32.25% or $1.09 from last year’s $3.38 per share. ALGT’s profit will be $37.46M for 18.16 P/E if the $2.29 EPS becomes a reality. After $2.75 actual EPS reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.40, from 0.88 in 2016Q1. The ratio is positive, as 32 funds sold all Allegiant Travel Company shares owned while 65 reduced positions. 23 funds bought stakes while 62 increased positions. They now own 12.88 million shares or 3.16% less from 13.30 million shares in 2016Q1.
First Tru Advsrs L P holds 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 7,883 shares. The Florida-based Ladenburg Thalmann Finance Services Inc has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Cortina Asset Management Limited Company holds 35,550 shares or 0.24% of its portfolio. Citadel Advsr Limited accumulated 0% or 1,567 shares. Ghp Investment Advsrs accumulated 5,014 shares or 0.16% of the stock. Geode Capital Mngmt Ltd Co holds 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 108,362 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Fmr Ltd holds 0.02% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 892,605 shares. Bluemountain Capital Ltd, a New York-based fund reported 9,320 shares. Herndon Capital Ltd Liability Corp holds 29 shares or 0% of its portfolio. Moreover, Blackrock has 0% invested in Allegiant Travel Company (NASDAQ:ALGT) for 1,324 shares. Invest Counselors Of Maryland Ltd Limited Liability Company, a Maryland-based fund reported 6,925 shares. Guggenheim Ltd Liability Co accumulated 16,171 shares or 0.01% of the stock. Moreover, Strs Ohio has 0% invested in Allegiant Travel Company (NASDAQ:ALGT) for 700 shares. Panagora Asset Mgmt accumulated 0% or 325 shares.
Insider Transactions: Since November 10, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.10 million net activity. Shares for $702,174 were sold by Bricker Jude. $399,003 worth of shares were sold by Sheldon Scott on Thursday, November 10.
Allegiant Travel Company is a leisure travel company. The company has a market cap of $2.72 billion. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It has a 11.74 P/E ratio. The Company’s services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, fixed fee contract air transportation and other revenue.
According to Zacks Investment Research, “Las Vegas-based ALLEGIANT TRAVEL COMPANY , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.”
Allegiant Travel Company, incorporated on April 4, 2006, is a leisure travel company. The Firm 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 services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, 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’s operating fleet consists of approximately 50 MD-80 aircraft, over 30 A320 series aircraft, and approximately five Boeing 757-200 aircraft providing service on over 290 routes to approximately 100 cities.
More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Marketwired.com which released: “Allegiant Travel Company Announces the Reopening of Its 5.50% Senior Notes Due …” on November 30, 2016, also Nasdaq.com with their article: “Allegiant Travel Company (ALGT) Ex-Dividend Date Scheduled for November 21, 2016” published on November 18, 2016, Nasdaq.com published: “Ex-Dividend Reminder: DST Systems, Dun & Bradstreet and Allegiant Travel” on November 17, 2016. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Reviewjournal.com and their article: “Allegiant Air’s co-branded credit card deemed a success” published on November 30, 2016 as well as Equitiesfocus.com‘s news article titled: “Allegiant Travel Company (NASDAQ:ALGT) Posted Basic Consolidated EPS Of $13.0196” with publication date: November 29, 2016.
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By Ellis Scott