B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Allegiant Travel (NASDAQ:ALGT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,962 shares of the transportation company’s stock, valued at approximately $1,853,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Advisors LLC acquired a new stake in Allegiant Travel in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in Allegiant Travel in the fourth quarter valued at approximately $38,000. Point72 Hong Kong Ltd lifted its stake in Allegiant Travel by 538.9% in the third quarter. Point72 Hong Kong Ltd now owns 460 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 388 shares during the last quarter. Vantage Consulting Group Inc bought a new position in shares of Allegiant Travel in the fourth quarter valued at approximately $72,000. Finally, Veriti Management LLC bought a new position in shares of Allegiant Travel in the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 86.10% of the company’s stock.
In other Allegiant Travel news, EVP Robert Paul Wilson III sold 160 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $243.84, for a total transaction of $39,014.40. Following the completion of the transaction, the executive vice president now owns 15,168 shares of the company’s stock, valued at approximately $3,698,565.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary Ellmer sold 450 shares of the stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $220.10, for a total value of $99,045.00. Following the completion of the sale, the director now directly owns 1,715 shares of the company’s stock, valued at approximately $377,471.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,647 shares of company stock valued at $4,045,560. 19.60% of the stock is currently owned by company insiders.
Shares of ALGT stock opened at $250.53 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.22 and a quick ratio of 1.19. The stock has a market cap of $4.11 billion, a PE ratio of -41.55 and a beta of 1.71. The stock has a 50-day moving average of $248.31 and a 200-day moving average of $185.04. Allegiant Travel has a one year low of $63.50 and a one year high of $271.29.
Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, February 2nd. The transportation company reported ($1.12) EPS for the quarter, beating analysts’ consensus estimates of ($2.44) by $1.32. The company had revenue of $246.56 million during the quarter, compared to analysts’ expectations of $245.48 million. Allegiant Travel had a negative return on equity of 8.83% and a negative net margin of 7.86%. Allegiant Travel’s revenue was down 46.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 EPS. As a group, research analysts anticipate that Allegiant Travel will post -10.54 earnings per share for the current year.
About Allegiant Travel
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 12, 2021, it operated a fleet of 97 Airbus A320 series aircraft.
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