The Allegiant Travel Co. (ALGT) Stake Boosted by Principal Financial Group Inc.

The Allegiant Travel Co. (ALGT) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Allegiant Travel Co. (NASDAQ:ALGT) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,590 shares of the company’s stock after buying an additional 57 shares during the period. Principal Financial Group Inc. owned about 0.56% of Allegiant Travel worth $14,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Neuberger Berman Group LLC increased its position in shares of Allegiant Travel by 31.1% in the second quarter. Neuberger Berman Group LLC now owns 456,264 shares of the company’s stock worth $69,124,000 after buying an additional 108,247 shares during the period. Schroder Investment Management Group increased its position in shares of Allegiant Travel by 59.9% in the second quarter. Schroder Investment Management Group now owns 199,192 shares of the company’s stock worth $30,178,000 after buying an additional 74,600 shares during the period. Henderson Group PLC increased its position in shares of Allegiant Travel by 57.7% in the second quarter. Henderson Group PLC now owns 192,658 shares of the company’s stock worth $29,188,000 after buying an additional 70,468 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Allegiant Travel by 76.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 123,048 shares of the company’s stock worth $18,642,000 after buying an additional 53,509 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Allegiant Travel by 2.2% in the first quarter. Renaissance Technologies LLC now owns 1,290,530 shares of the company’s stock worth $229,792,000 after buying an additional 27,430 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Shares of Allegiant Travel Co. (NASDAQ:ALGT) opened at 144.93 on Friday. The stock has a 50 day moving average of $135.73 and a 200 day moving average of $146.54. Allegiant Travel Co. has a 1-year low of $121.70 and a 1-year high of $228.79. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 10.32 and a beta of -0.09.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Friday, July 29th. The company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.13. Allegiant Travel had a net margin of 17.94% and a return on equity of 64.40%. The firm had revenue of $344.90 million for the quarter, compared to analysts’ expectations of $343.11 million. During the same quarter last year, the business earned $3.18 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Allegiant Travel Co. will post $13.13 EPS for the current year.

ALGT has been the topic of a number of recent analyst reports. Cowen and Company dropped their price target on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Allegiant Travel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 24th. Raymond James Financial Inc. upgraded shares of Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Tuesday, June 14th. Credit Suisse Group AG set a $133.00 target price on shares of Allegiant Travel and gave the company a “hold” rating in a research report on Tuesday, September 13th. Finally, Stifel Nicolaus dropped their target price on shares of Allegiant Travel from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Allegiant Travel currently has an average rating of “Hold” and an average target price of $177.92.

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