As Allegiant Travel Co (ALGT) Stock Value Rose, Shareholder Tower Research Capital Trc Lowered by $342,395 Its Stake; Edgestream Partners LP Cut Raytheon Co (RTN) Holding as Share Value Rose

May 15, 2018 - By Marguerite Chambers

Allegiant Travel Company (NASDAQ:ALGT) Logo

Tower Research Capital Llc Trc decreased its stake in Allegiant Travel Co (ALGT) by 92.97% based on its latest 2017Q4 regulatory filing with the SEC. Tower Research Capital Llc Trc sold 2,209 shares as the company’s stock rose 4.41% while stock markets declined. The institutional investor held 167 shares of the air freight and delivery services company at the end of 2017Q4, valued at $26,000, down from 2,376 at the end of the previous reported quarter. Tower Research Capital Llc Trc who had been investing in Allegiant Travel Co for a number of months, seems to be less bullish one the $2.56B market cap company. The stock decreased 0.94% or $1.5 during the last trading session, reaching $158.2. About 95,593 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 4.67% since May 15, 2017 and is uptrending. It has underperformed by 6.88% the S&P500.

Edgestream Partners Lp decreased its stake in Raytheon Co (RTN) by 56.21% based on its latest 2017Q4 regulatory filing with the SEC. Edgestream Partners Lp sold 9,323 shares as the company’s stock rose 14.84% while stock markets declined. The hedge fund held 7,264 shares of the industrial machinery and components company at the end of 2017Q4, valued at $1.37M, down from 16,587 at the end of the previous reported quarter. Edgestream Partners Lp who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $60.14 billion market cap company. The stock increased 0.09% or $0.18 during the last trading session, reaching $209.37. About 1.10 million shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since May 15, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Globenewswire.com which released: “June 25th Deadline in Lawsuit for investors in shares of Allegiant Travel Company (NASDAQ:ALGT) announced by …” on April 26, 2018, also Seekingalpha.com with their article: “Allegiant: Stock Could Hit $100 (Podcast)” published on April 18, 2018, Seekingalpha.com published: “Spirit runs fare hike up the flagpole” on April 20, 2018. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Seekingalpha.com and their article: “Allegiant Travel up 6% post Q1 results” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “American Airlines, Allegiant slide on planned review of FAA safety oversight” with publication date: May 09, 2018.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.09, from 0.8 in 2017Q3. It increased, as 24 investors sold ALGT shares while 59 reduced holdings. 24 funds opened positions while 50 raised stakes. 14.43 million shares or 4.65% more from 13.79 million shares in 2017Q3 were reported. Tower Research Cap Limited Liability Com (Trc) has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Blair William And Il invested 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Piedmont Advsrs Ltd Co reported 0.01% stake. Royal Fincl Bank Of Canada has 0% invested in Allegiant Travel Company (NASDAQ:ALGT) for 27,394 shares. California State Teachers Retirement accumulated 19,964 shares or 0.01% of the stock. Alps Advsr Incorporated, Colorado-based fund reported 3,966 shares. Metropolitan Life Ins Ny invested in 0.01% or 3,971 shares. Moreover, Fmr Limited Liability Com has 0.03% invested in Allegiant Travel Company (NASDAQ:ALGT) for 1.92 million shares. Bnp Paribas Arbitrage owns 5,215 shares or 0% of their US portfolio. Neuberger Berman Llc holds 0.11% or 636,589 shares in its portfolio. New York State Common Retirement Fund owns 120,476 shares or 0.02% of their US portfolio. State Of Tennessee Treasury Department holds 9,879 shares or 0.01% of its portfolio. Deutsche Fincl Bank Ag has invested 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). The Illinois-based Northern Trust has invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). Inv Counselors Of Maryland Limited Liability reported 0.96% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT).

Among 14 analysts covering Allegiant Travel (NASDAQ:ALGT), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Allegiant Travel had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 17 by Cowen & Co. The stock has “Outperform” rating by Imperial Capital on Friday, July 31. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, April 26 report. As per Friday, April 15, the company rating was downgraded by Barclays Capital. Raymond James upgraded the shares of ALGT in report on Wednesday, July 22 to “Outperform” rating. The rating was initiated by Imperial Capital on Friday, October 7 with “Outperform”. The firm earned “Hold” rating on Friday, September 22 by Stifel Nicolaus. On Tuesday, November 22 the stock rating was maintained by Imperial Capital with “Outperform”. The rating was downgraded by Evercore on Thursday, July 27 to “In-Line”. The firm has “Mkt Perform” rating by Raymond James given on Thursday, October 27.

Tower Research Capital Llc Trc, which manages about $775.20 million US Long portfolio, upped its stake in Halliburton Co (NYSE:HAL) by 28,223 shares to 31,007 shares, valued at $1.52 million in 2017Q4, according to the filing. It also increased its holding in Banco Bradesco S A (NYSE:BBD) by 34,341 shares in the quarter, for a total of 49,215 shares, and has risen its stake in Praxair Inc (NYSE:PX).

Since January 12, 2018, it had 0 insider buys, and 4 sales for $32.84 million activity. Shares for $21,408 were sold by ELLMER GARY on Tuesday, March 13. The insider Anderson Gregory Clark sold 1,650 shares worth $294,114.

Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on July, 25. They expect $2.85 earnings per share, down 3.06% or $0.09 from last year’s $2.94 per share. ALGT’s profit will be $46.03 million for 13.88 P/E if the $2.85 EPS becomes a reality. After $3.42 actual earnings per share reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It turned negative, as 36 investors sold RTN shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported. Ifrah Financial Service holds 0.17% or 2,505 shares. Rampart Inv Mngmt Llc has invested 0.26% in Raytheon Company (NYSE:RTN). Covington Investment Advisors accumulated 1.35% or 20,920 shares. Seaward Management Ltd Partnership owns 29,621 shares. Moreover, Psagot House has 0% invested in Raytheon Company (NYSE:RTN) for 69 shares. Citigroup Inc reported 0.11% stake. Cetera Advisor Limited Com owns 4,377 shares. Bowling Portfolio Limited Liability Company, a Ohio-based fund reported 12,842 shares. 1,559 are owned by Coldstream Cap. Riggs Asset Managment reported 187 shares. 11,332 are held by First Western Capital. Acadian Asset Management Limited stated it has 15,183 shares or 0.01% of all its holdings. Aviance Mngmt Ltd invested 0.13% in Raytheon Company (NYSE:RTN). Centurylink stated it has 6,676 shares or 0.44% of all its holdings. Azimuth Capital Mngmt Llc invested in 18,249 shares or 0.25% of the stock.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 80 analyst reports since July 28, 2015 according to SRatingsIntel. Robert W. Baird initiated the stock with “Outperform” rating in Thursday, October 6 report. On Tuesday, January 23 the stock rating was maintained by RBC Capital Markets with “Buy”. Barclays Capital maintained Raytheon Company (NYSE:RTN) on Monday, May 2 with “Equal Weight” rating. The stock has “Buy” rating by Wells Fargo on Tuesday, November 28. Barclays Capital downgraded it to “Equal-Weight” rating and $125 target in Monday, November 30 report. The firm has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Monday, July 24 report. Bank of America upgraded Raytheon Company (NYSE:RTN) rating on Tuesday, July 28. Bank of America has “Buy” rating and $120 target. Stifel Nicolaus maintained the shares of RTN in report on Friday, October 23 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by Stifel Nicolaus on Friday, January 26.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Seekingalpha.com which released: “Raytheon: Think Like An Attacker” on May 15, 2018, also Seekingalpha.com with their article: “Raytheon +1.3% after topping estimates” published on April 26, 2018, Seekingalpha.com published: “Raytheon: Buy The Dip” on April 30, 2018. More interesting news about Raytheon Company (NYSE:RTN) were released by: Seekingalpha.com and their article: “Raytheon: The Trump Trade – Time To Buy The Dip” published on May 03, 2018 as well as Seekingalpha.com‘s news article titled: “Raytheon Company 2018 Q1 – Results – Earnings Call Slides” with publication date: April 26, 2018.

Since January 2, 2018, it had 1 buying transaction, and 19 insider sales for $31.41 million activity. Kremer Wesley D sold $2.03M worth of stock. 12,820 shares were sold by WAJSGRAS DAVID C, worth $2.77 million on Tuesday, February 13. $1.30 million worth of Raytheon Company (NYSE:RTN) was sold by Kennedy Thomas A on Thursday, March 29. Jimenez Frank R had sold 1,494 shares worth $320,152 on Thursday, March 29. Shares for $2.25M were sold by O’Brien Anthony F on Thursday, March 1. $249,895 worth of stock was bought by Paliwal Dinesh C on Monday, April 30.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 26. They expect $2.31 EPS, up 16.67% or $0.33 from last year’s $1.98 per share. RTN’s profit will be $663.55 million for 22.66 P/E if the $2.31 EPS becomes a reality. After $2.20 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Edgestream Partners Lp, which manages about $182.85 million and $83.61M US Long portfolio, upped its stake in Mcdonalds Corp (NYSE:MCD) by 2,711 shares to 10,954 shares, valued at $1.89M in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLK) by 26,198 shares in the quarter, for a total of 77,763 shares, and has risen its stake in Ishares Tr (IVV).

Raytheon Company (NYSE:RTN) Institutional Positions Chart

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