Texas Permanent School Fund Corp Sells 24,667 Shares of Allegiant Travel Company $ALGT

Texas Permanent School Fund Corp cut its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 76.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,682 shares of the transportation company’s stock after selling 24,667 shares during the period. Texas Permanent School Fund Corp’s holdings in Allegiant Travel were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Allegiant Travel by 28.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after purchasing an additional 205 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Allegiant Travel by 58.1% during the second quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock worth $61,000 after buying an additional 407 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after buying an additional 373 shares during the period. State of Wyoming bought a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $159,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Allegiant Travel by 856.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 2,962 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Price Performance

ALGT stock opened at $84.66 on Friday. The stock has a 50-day moving average price of $73.36 and a two-hundred day moving average price of $63.01. Allegiant Travel Company has a 1 year low of $39.80 and a 1 year high of $107.57. The stock has a market cap of $1.55 billion, a PE ratio of -5.19, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The company had revenue of $496.88 million for the quarter. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%. Equities analysts forecast that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALGT. Deutsche Bank Aktiengesellschaft upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Friday, December 12th. Bank of America boosted their price target on shares of Allegiant Travel from $50.00 to $55.00 and gave the company an “underperform” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, October 8th. Wall Street Zen cut Allegiant Travel from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Zacks Research upgraded Allegiant Travel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.55.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low?cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price?sensitive leisure travelers, Allegiant Air operates a point?to?point network that avoids the traditional hub?and?spoke model, providing non?stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.