Allegiant Travel Company (ALGT) : Rk Asset Management scooped up 771 additional shares in Allegiant Travel Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 48,732 shares of Allegiant Travel Company which is valued at $7,213,798.Allegiant Travel Company makes up approximately 6.32% of Rk Asset Management’s portfolio.
Other Hedge Funds, Including , Foundry Partners added ALGT to its portfolio by purchasing 1,150 company shares during the most recent quarter which is valued at $169,234. Allegiant Travel Company makes up approx 0.02% of Foundry Partners’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. Creative Planning sold out all of its stake in ALGT during the most recent quarter. The investment firm sold 2,995 shares of ALGT which is valued $440,744. Centurylink Investment Management Co sold out all of its stake in ALGT during the most recent quarter. The investment firm sold 1,714 shares of ALGT which is valued $253,981.Capital Investment Services Of America boosted its stake in ALGT in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 48,381 shares of Allegiant Travel Company which is valued at $7,169,097. Allegiant Travel Company makes up approx 1.35% of Capital Investment Services Of America’s portfolio.
Allegiant Travel Company closed down -0.77 points or -0.52% at $147.26 with 1,38,760 shares getting traded on Monday. Post opening the session at $148.03, the shares hit an intraday low of $147.1101 and an intraday high of $148.441 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Allegiant Travel Company reported $4.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $4.28. The company had revenue of $348.60 million for the quarter, compared to analysts expectations of $346.46 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.74 EPS.
Many Wall Street Analysts have commented on Allegiant Travel Company. Allegiant Travel Company was Upgraded by Raymond James to ” Outperform” on Jun 14, 2016. Shares were Reiterated by Cowen on Apr 28, 2016 to “Market Perform” and Lowered the Price Target to $ 178 from a previous price target of $180 .
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.