Could Allegiant Travel Company (NASDAQ:ALGT) See a Reversal After More Sellers Came In?

October 2, 2018 - By Adrian Mccoy

Allegiant Travel Company (NASDAQ:ALGT) Logo

Investors sentiment increased to 1.98 in Q2 2018. Its up 0.95, from 1.03 in 2018Q1. It improved, as 17 investors sold Allegiant Travel Company shares while 34 reduced holdings. 34 funds opened positions while 67 raised stakes. 15.95 million shares or 11.03% more from 14.36 million shares in 2018Q1 were reported.
Clearbridge Ltd Liability Corporation has 0% invested in Allegiant Travel Company (NASDAQ:ALGT) for 11 shares. Moreover, Wasatch Advsr has 1.24% invested in Allegiant Travel Company (NASDAQ:ALGT) for 742,208 shares. American holds 0% in Allegiant Travel Company (NASDAQ:ALGT) or 9,903 shares. Neuberger Berman Group Ltd Liability Com owns 674,710 shares for 0.1% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 196 shares. Segall Bryant And Hamill Limited Co has invested 0.11% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Great West Life Assurance Can reported 15,592 shares. Moreover, Diamond Hill Cap Management has 0.3% invested in Allegiant Travel Company (NASDAQ:ALGT) for 419,139 shares. Ubs Asset Americas Inc accumulated 0% or 2,003 shares. Commercial Bank Of America De holds 78,265 shares. Millennium Mngmt Ltd Liability Corporation, a New York-based fund reported 75,977 shares. The Pennsylvania-based Janney Montgomery Scott Ltd Co has invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). Morgan Stanley has 45,817 shares for 0% of their portfolio. Alps Advsrs Inc holds 3,966 shares or 0% of its portfolio. Clearbridge Limited Liability reported 106,727 shares stake.

Since May 14, 2018, it had 0 buys, and 2 sales for $776,522 activity. Another trade for 380 shares valued at $51,302 was made by WILSON ROBERT PAUL III on Wednesday, August 22.

The stock of Allegiant Travel Company (NASDAQ:ALGT) registered an increase of 0.57% in short interest. ALGT’s total short interest was 1.60 million shares in October as published by FINRA. Its up 0.57% from 1.59M shares, reported previously. With 126,100 shares average volume, it will take short sellers 13 days to cover their ALGT’s short positions. The short interest to Allegiant Travel Company’s float is 12.74%.

The stock decreased 0.73% or $0.92 during the last trading session, reaching $125.88. About 173,102 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 4.76% since October 2, 2017 and is uptrending. It has underperformed by 10.86% the S&P500.

Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company has market cap of $2.03 billion. The firm offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations. It has a 9.72 P/E ratio. As of February 1, 2017, it operated a fleet of 47 MD-80 aircraft, 34 Airbus A320 series aircraft, and 4 Boeing 757-200 aircraft provided services on 377 routes to 119 cities.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Among 6 analysts covering Allegiant Travel (NASDAQ:ALGT), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Allegiant Travel had 10 analyst reports since April 6, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, May 29 by Citigroup. The firm has “Buy” rating given on Thursday, April 26 by Stifel Nicolaus. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, April 6. On Thursday, July 12 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Monday, July 16, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by Buckingham Research on Thursday, July 26. Buckingham Research upgraded Allegiant Travel Company (NASDAQ:ALGT) on Thursday, April 26 to “Buy” rating. The firm earned “Buy” rating on Thursday, July 26 by Stifel Nicolaus. Morgan Stanley maintained Allegiant Travel Company (NASDAQ:ALGT) rating on Thursday, April 12. Morgan Stanley has “Equal-Weight” rating and $169 target. On Thursday, September 27 the stock rating was maintained by Imperial Capital with “In-Line”.

More news for Allegiant Travel Company (NASDAQ:ALGT) were recently published by: Seekingalpha.com, which released: “Allegiant: Stopped Descending?” on September 20, 2018. Seekingalpha.com‘s article titled: “Stocks To Watch: Strap In For Q3” and published on September 29, 2018 is yet another important article.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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