It is trading at $138.90 barely above $130.21, the 50 day moving average and which is a tad above the 200 day moving average of $136.94. The 50 day moving average was up by +6.68% whereas the 200 day average was up by +1.43%. Allegiant Travel Company shares had a trading volume of 79K by the end of trading on Tuesday. Overall, volume was down 36.34% under the stocks normal daily volume.
Investors are feeling more bearish on the company lately if you take into consideration the increase in short interest. The stock experienced a rise in short interest of 13.53% as of the latest report on September 29, 2017. Short interest increased 139,695 over that period. The short-interest ratio increased to 6.0 and the percentage of shorted shares was 0.07% on September 29.
These firms have modified their investment in ALGT. As of the end of the quarter Quadrant Capital Group LLC had acquired a total of 3 shares growing its holdings by 50.0%. The value of the investment in (ALGT) went from $0 to $1,000 a change of $1,000 since the last quarter. Bank Of Montreal /can/ expanded its stake by buying 16 shares an increase of 64.0% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ currently owns 41 shares worth $5,000. The value of the position overall is up by 66.7%.
As of quarter end Midas Management Corp had sold 13,589 shares trimming its stake by 99.2%. The value of the company’s investment in Allegiant Travel Company decreased from $1,858,000 to $15,000 a change of 99.2% for the reporting period. As of the end of the quarter Diamond Hill Capital Management Inc had acquired a total of 402,366 shares growing its position 19,391.1%. The value of the total investment in Allegiant Travel Company increased from $281,000 to $53,265,000 increasing 18,855.5% quarter over quarter.
August 17 investment analysts at Morgan Stanley held the stock rating at “Equal-Weight” and lowered the price target from $200.00 to $133.00. On September 26 Citigroup maintained a company rating of “Buy” but moved down the price target to $168.00 from $185.00.
On September 26 analysts at Macquarie initiated coverage on the stock by announcing an initial rating of “Buy”.
The most current P/E ratio is 13.03 and the market cap of the company is 2.25B. As of the last earnings report the EPS was $10.66 and is estimated to be $8.89 for the current year with 16,197,000 shares outstanding. Analysts expect next quarter’s EPS will be $2.11 and the next full year EPS is projected to be $10.44.
Allegiant Travel Company, launched on April 4, 2006, 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. It also provides air transportation under fixed fee flying arrangements. The Business’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation. Its scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. As of February 1, 2017, its operating fleet consisted of 47 MD-80 aircraft, 34 Airbus A320 series aircraft, and four Boeing 757-200 aircraft, and it was selling travel on 377 routes to 119 cities..