Allegiant Travel Co (ALGT) Shares Rose While Renaissance Technologies LLC Has Lowered Its Position by $15.26 Million

Allegiant Travel Company (NASDAQ:ALGT) LogoInvestors sentiment is 1.56 in Q2 2019. Its the same as in 2019Q1. It is without change, as 15 investors sold ALGT shares while 42 reduced holdings. only 27 funds opened positions while 62 raised stakes. 12.79 million shares or 0.41% more from 12.74 million shares in 2019Q1 were reported. Aperio Grp Ltd Limited Liability Company reported 5,527 shares stake. 683 were reported by Federated Invsts Pa. Wesbanco Commercial Bank Inc has invested 0.08% in Allegiant Travel Company (NASDAQ:ALGT). Point72 Asset Mngmt Lp holds 0.09% or 116,484 shares in its portfolio. Cibc Ww Incorporated reported 0% in Allegiant Travel Company (NASDAQ:ALGT). Rk Asset Mngmt Ltd Company accumulated 40,328 shares. Oregon Pub Employees Retirement Fund holds 0.01% or 5,043 shares. Diamond Hill Capital Mgmt owns 543,756 shares. Amalgamated State Bank holds 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 2,448 shares. The New York-based Morgan Stanley has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). State Of Alaska Department Of Revenue owns 0.01% invested in Allegiant Travel Company (NASDAQ:ALGT) for 4,382 shares. Jupiter Asset Management Limited holds 29,423 shares or 0.13% of its portfolio. Hightower Advisors Lc holds 0% or 2,102 shares in its portfolio. Commercial Bank Of Ny Mellon Corporation holds 0.01% or 230,258 shares in its portfolio. 20,000 were reported by Altimeter Cap Management L P.

Renaissance Technologies Llc decreased its stake in Allegiant Travel Co (ALGT) by 10.26% based on its latest 2019Q2 regulatory filing with the SEC. Renaissance Technologies Llc sold 116,500 shares as the company’s stock rose 2.95% . The hedge fund held 1.02 million shares of the air freight and delivery services company at the end of 2019Q2, valued at $134.20 million, down from 1.14 million at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Allegiant Travel Co for a number of months, seems to be less bullish one the $2.45 billion market cap company. The stock increased 0.46% or $0.69 during the last trading session, reaching $150.02. About 106,773 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 20.31% since October 12, 2018 and is uptrending. It has outperformed by 20.31% the S&P500.

Renaissance Technologies Llc, which manages about $63.99B and $84.98 billion US Long portfolio, upped its stake in Randgold Res Ltd (NASDAQ:GOLD) by 170,800 shares to 497,400 shares, valued at $48.58M in 2019Q2, according to the filing. It also increased its holding in Universal Display Corp (NASDAQ:OLED) by 57,382 shares in the quarter, for a total of 156,021 shares, and has risen its stake in K12 Inc (NYSE:LRN).

Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on October, 23. They expect $2.23 EPS, up 137.23 % or $1.29 from last year’s $0.94 per share. ALGT’s profit will be $36.36M for 16.82 P/E if the $2.23 EPS becomes a reality. After $4.33 actual EPS reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -48.50 % negative EPS growth.

More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Benzinga.com which released: “Earnings Scheduled For July 24, 2019 – Benzinga” on July 24, 2019, also Prnewswire.com with their article: “Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer – PRNewswire” published on April 26, 2019, Bizjournals.com published: “Allegiant extends St. Pete-Clearwater airport partnership as the airline eyes more international markets – Tampa Bay Business Journal” on September 26, 2019. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Nasdaq.com and their article: “Allegiant (ALGT) Q2 Earnings and Revenues Beat Estimates – Nasdaq” published on July 26, 2018 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday – Benzinga” with publication date: October 10, 2019.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Among 4 analysts covering Allegiant Travel (NASDAQ:ALGT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Allegiant Travel has $19100 highest and $13200 lowest target. $179.25’s average target is 19.48% above currents $150.02 stock price. Allegiant Travel had 9 analyst reports since April 17, 2019 according to SRatingsIntel. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Equal-Weight” rating given on Wednesday, August 14 by Morgan Stanley. The stock has “Buy” rating by Sidoti on Tuesday, July 23. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Buy” rating given on Thursday, July 25 by Buckingham Research. Morgan Stanley maintained it with “Equal-Weight” rating and $16400 target in Thursday, October 10 report. The stock has “Buy” rating by Citigroup on Tuesday, July 9. The firm has “Buy” rating given on Tuesday, July 16 by Buckingham Research. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, May 20. Morgan Stanley maintained Allegiant Travel Company (NASDAQ:ALGT) on Wednesday, October 2 with “Equal-Weight” rating.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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