Renaissance Technologies LLC Has Trimmed Its Allegiant Travel Co (ALGT) Stake by $15.26 Million as Stock Rose

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. Barclays Public Limited Company reported 14,842 shares or 0% of all its holdings. 155,000 are owned by Mountain Lake Invest Limited Liability Com. Altimeter Capital Management Limited Partnership, Massachusetts-based fund reported 20,000 shares. Public Sector Pension Investment Board holds 28,399 shares. Tudor Et Al invested in 0.06% or 15,898 shares. Price T Rowe Assocs Md holds 0% or 18,044 shares. Blackrock owns 1.89 million shares. Advisors Preferred Ltd Com stated it has 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). National Bank & Trust Of Montreal Can accumulated 0% or 5,031 shares. State Board Of Administration Of Florida Retirement Systems reported 3,911 shares. Hightower Advisors Limited Company holds 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 2,102 shares. Franklin Resource has invested 0.02% in Allegiant Travel Company (NASDAQ:ALGT). Commonwealth Of Pennsylvania School Empls Retrmt stated it has 4,407 shares. State Of Tennessee Treasury Department has invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). Moreover, Ameriprise Financial has 0.01% invested in Allegiant Travel Company (NASDAQ:ALGT).

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 1.02M shares of the air freight and delivery services company at the end of 2019Q2, valued at $134.20M, 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 $2.45B 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 $84.98B US Long portfolio, upped its stake in Constellation Brands Inc (NYSE:STZ) by 159,600 shares to 767,000 shares, valued at $152.98 million in 2019Q2, according to the filing. It also increased its holding in Appfolio Inc by 172,500 shares in the quarter, for a total of 355,400 shares, and has risen its stake in Lamar Advertising Co New (NASDAQ:LAMR).

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 $36.36 million 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: Finance.Yahoo.com which released: “Allegiant Travel (ALGT) Upgraded to Strong Buy: What Does It Mean for the Stock? – Yahoo Finance” on September 02, 2019, also Finance.Yahoo.com with their article: “FPA Capital Comments on Allegiant Travel – Yahoo Finance” published on July 26, 2019, Finance.Yahoo.com published: “Is Allegiant Travel (ALGT) a Great Pick for Value Investors? – Yahoo Finance” on June 20, 2019. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Thursday – Benzinga” published on October 10, 2019 as well as Bizjournals.com‘s news article titled: “Allegiant extends St. Pete-Clearwater airport partnership as the airline eyes more international markets – Tampa Bay Business Journal” with publication date: September 26, 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 firm earned “Equal-Weight” rating on Wednesday, October 2 by Morgan Stanley. Sidoti maintained it with “Buy” rating and $18000 target in Tuesday, July 23 report. Buckingham Research maintained it with “Buy” rating and $19100 target in Thursday, July 25 report. Morgan Stanley maintained it with “Equal-Weight” rating and $13200 target in Monday, May 20 report. Buckingham Research maintained the stock with “Buy” rating in Tuesday, July 16 report. The stock has “Buy” rating by Citigroup on Tuesday, July 9. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, August 14. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Equal-Weight” rating given on Thursday, October 10 by Morgan Stanley.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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