Todays Report: The Allison Transmission Holdings Inc (ALSN) Position Increased by Algert Global LLC

The Allison Transmission Holdings Inc (ALSN) Position Increased by Algert Global LLC

Algert Global LLC boosted its stake in shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) by 225.0% during the third quarter, Holdings Channel reports. The fund owned 97,070 shares of the company’s stock after buying an additional 67,201 shares during the period. Allison Transmission Holdings makes up about 0.8% of Algert Global LLC’s portfolio, making the stock its 16th largest position. Algert Global LLC’s holdings in Allison Transmission Holdings were worth $2,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALSN. BNP Paribas Arbitrage SA boosted its position in shares of Allison Transmission Holdings by 13.9% in the third quarter. BNP Paribas Arbitrage SA now owns 46,283 shares of the company’s stock valued at $1,327,000 after buying an additional 5,649 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Allison Transmission Holdings during the second quarter valued at $284,000. Royal Bank of Canada boosted its position in shares of Allison Transmission Holdings by 67.6% in the second quarter. Royal Bank of Canada now owns 10,388 shares of the company’s stock valued at $294,000 after buying an additional 4,190 shares during the last quarter. Calvert Investment Management Inc. purchased a new position in shares of Allison Transmission Holdings during the second quarter valued at $383,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Allison Transmission Holdings by 136.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,819,367 shares of the company’s stock valued at $51,361,000 after buying an additional 1,048,892 shares during the last quarter.

Allison Transmission Holdings Inc (NASDAQ:ALSN) opened at 28.10 on Wednesday. The firm has a 50-day moving average of $27.85 and a 200-day moving average of $27.98. Allison Transmission Holdings Inc has a 52-week low of $20.56 and a 52-week high of $30.52. The firm has a market cap of $4.71 billion and a PE ratio of 28.67.

Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.28. The firm earned $475 million during the quarter, compared to analyst estimates of $475.26 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Equities analysts anticipate that Allison Transmission Holdings Inc will post $1.10 EPS for the current year.

Several brokerages have recently weighed in on ALSN. Credit Agricole SA began coverage on shares of Allison Transmission Holdings in a research report on Friday, September 30th. They set an “outperform” rating and a $31.00 price target on the stock. Zacks Investment Research raised shares of Allison Transmission Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “focus list” rating and issued a $32.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Deutsche Bank AG began coverage on shares of Allison Transmission Holdings in a research report on Tuesday, September 6th. They issued a “hold” rating and a $30.00 target price on the stock. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $30.00 target price (up previously from $28.00) on shares of Allison Transmission Holdings in a research report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.00.

In other news, VP Sharon L. Dean sold 5,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $28.15, for a total value of $154,825.00. Following the completion of the transaction, the vice president now owns 7,906 shares in the company, valued at $222,553.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Randall R. Kirk sold 93,210 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $27.87, for a total value of $2,597,762.70. Following the completion of the transaction, the senior vice president now owns 49,693 shares of the company’s stock, valued at approximately $1,384,943.91. The disclosure for this sale can be found here.

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