Today’s Short Interest: Allegiant Travel Company (NASDAQ:ALGT) Sellers Covered 12.82% of Their Shorts

November 24, 2016 - By Dolores Ford   ·   0 Comments

Today's Short Interest: Allegiant Travel Company (NASDAQ:ALGT) Sellers Covered 12.82% of Their Shorts

The stock of Allegiant Travel Company (NASDAQ:ALGT) registered a decrease of 12.82% in short interest. ALGT’s total short interest was 566,900 shares in November as published by FINRA. Its down 12.82% from 650,300 shares, reported previously. With 142,100 shares average volume, it will take short sellers 4 days to cover their ALGT’s short positions. The short interest to Allegiant Travel Company’s float is 4.82%. The stock increased 1.96% or $3.25 on November 23, hitting $169.3. About 164,497 shares traded hands or 18.72% up from the average. Allegiant Travel Company (NASDAQ:ALGT) has risen 0.72% since April 22, 2016 and is uptrending. It has underperformed by 4.69% the S&P500.

Allegiant Travel Company is a leisure travel company. The company has a market cap of $2.84 billion. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It has a 11.95 P/E ratio. The Company’s services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, fixed fee contract air transportation and other revenue.

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.40, from 0.88 in 2016Q1. The ratio improved, as 32 funds sold all Allegiant Travel Company shares owned while 65 reduced positions. 23 funds bought stakes while 62 increased positions. They now own 12.88 million shares or 3.16% less from 13.30 million shares in 2016Q1.
Amer Century Cos has invested 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 95 shares in the company. The Maine-based Schroder Investment Gru has invested 0.06% in Allegiant Travel Company (NASDAQ:ALGT). Investment Svcs Of America reported 48,381 shares or 1.4% of all its holdings. Primecap Management Company Ca accumulated 43,100 shares or 0.01% of the stock. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Pinebridge Investments L P last reported 1,636 shares in the company. Loomis Sayles And Ltd Partnership holds 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 47 shares. Thrivent For Lutherans has 6,270 shares for 0% of their US portfolio. Mutual Of America Cap Mgmt Limited Liability Company holds 0% or 400 shares in its portfolio. Parkwood Limited Liability holds 0.05% or 1,932 shares in its portfolio. D E Shaw accumulated 23,976 shares or 0.01% of the stock. The West Virginia-based Wesbanco Bank & Trust has invested 0.14% in Allegiant Travel Company (NASDAQ:ALGT). Advisors Asset Mgmt accumulated 0% or 1,590 shares. Blackrock Management Lc has invested 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT).

Insider Transactions: Since November 10, 2016, the stock had 0 insider purchases, and 2 sales for $1.10 million net activity. 4,631 Allegiant Travel Company (NASDAQ:ALGT) shares with value of $702,174 were sold by Bricker Jude. Another trade for 2,596 shares valued at $399,003 was made by Sheldon Scott on Thursday, November 10.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Out of 10 analysts covering Allegiant Travel (NASDAQ:ALGT), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Allegiant Travel has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating given on Thursday, October 27 by Raymond James. The rating was maintained by Cowen & Co on Thursday, July 30 with “Market Perform”. Barclays Capital downgraded it to “Underweight” rating and $188 target price in Friday, April 15 report. As per Tuesday, June 14, the company rating was upgraded by Raymond James. The firm has “Buy” rating by Citigroup given on Friday, November 18. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Outperform” rating given on Friday, July 31 by Imperial Capital. Imperial Capital initiated the stock with “Outperform” rating in Friday, October 7 report. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Neutral” rating by Credit Suisse on Tuesday, April 12. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Market Perform” rating given on Wednesday, December 2 by Cowen & Co. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Market Perform” rating given on Thursday, April 28 by Cowen & Co.

ALGT Company Profile

Allegiant Travel Company, incorporated on April 4, 2006, is a leisure travel company. The Firm 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 Company’s services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company’s operating fleet consists of approximately 50 MD-80 aircraft, over 30 A320 series aircraft, and approximately five Boeing 757-200 aircraft providing service on over 290 routes to approximately 100 cities.

More recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Nasdaq.com which released: “Allegiant Travel Reaches Analyst Target Price” on November 23, 2016. Also Nasdaq.com published the news titled: “Allegiant Travel Company (ALGT) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: DST Systems, Dun & Bradstreet and Allegiant Travel” with publication date: November 17, 2016 was also an interesting one.

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By Dolores Ford


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