Tower Research Capital LLC TRC Has $196,000 Stake in Allegiant Travel (NASDAQ:ALGT)

Tower Research Capital LLC TRC boosted its position in shares of Allegiant Travel (NASDAQ:ALGT – Get Rating) by 358.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,688 shares of the transportation company’s stock after buying an additional 2,102 shares during the period. Tower Research Capital LLC TRC’s holdings in Allegiant Travel were worth $196,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of Allegiant Travel by 59.1% in the 3rd quarter. UBS Group AG now owns 2,737 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 1,017 shares in the last quarter. Oldfield Partners LLP boosted its stake in shares of Allegiant Travel by 15.1% in the 3rd quarter. Oldfield Partners LLP now owns 34,300 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 4,500 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Allegiant Travel by 50.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 755,957 shares of the transportation company’s stock valued at $55,170,000 after purchasing an additional 254,645 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Allegiant Travel by 20.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 3,074 shares of the transportation company’s stock valued at $224,000 after purchasing an additional 518 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Allegiant Travel by 49.9% in the 3rd quarter. Inspire Investing LLC now owns 2,817 shares of the transportation company’s stock valued at $206,000 after purchasing an additional 938 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Scott Sheldon sold 7,304 shares of Allegiant Travel stock in a transaction on Monday, February 6th. The shares were sold at an average price of $96.71, for a total value of $706,369.84. Following the completion of the sale, the chief operating officer now owns 30,745 shares in the company, valued at approximately $2,973,348.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allegiant Travel news, COO Keny Frank Wilper sold 503 shares of Allegiant Travel stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $98.03, for a total transaction of $49,309.09. Following the transaction, the chief operating officer now directly owns 6,627 shares of the company’s stock, valued at approximately $649,644.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott Sheldon sold 7,304 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $96.71, for a total transaction of $706,369.84. Following the completion of the transaction, the chief operating officer now directly owns 30,745 shares in the company, valued at $2,973,348.95. The disclosure for this sale can be found here. Insiders sold 10,439 shares of company stock worth $984,461 in the last quarter. 15.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALGT. Deutsche Bank Aktiengesellschaft raised their price target on shares of Allegiant Travel from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, February 2nd. Morgan Stanley downgraded shares of Allegiant Travel from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $175.00 to $115.00 in a research report on Monday, December 5th. Barclays cut their target price on shares of Allegiant Travel from $100.00 to $96.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. Susquehanna downgraded shares of Allegiant Travel from a “positive” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Wednesday, January 11th. Finally, The Goldman Sachs Group assumed coverage on shares of Allegiant Travel in a research report on Friday, December 16th. They set a “buy” rating and a $96.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $100.85 on Tuesday. The company has a fifty day moving average of $87.88 and a 200-day moving average of $82.61. The firm has a market capitalization of $1.83 billion, a P/E ratio of 1,120.68 and a beta of 1.61. The company has a quick ratio of 1.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.59. Allegiant Travel has a twelve month low of $62.94 and a twelve month high of $176.56.

About Allegiant Travel

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Allegiant Travel Co engages in the provision of travel services. It includes scheduled service air transportation, air-related travel services and product, third party travel products, and fixed fee contract air transportation. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline.