Renaissance Technologies LLC Has Decreased Position in Allegiant Travel Co (ALGT) as Market Valuation Rose

Allegiant Travel Company (NASDAQ:ALGT) LogoInvestors sentiment is 1.56 in 2019 Q2. Its the same as in 2019Q1. It is the same, as 15 investors sold ALGT shares while 42 reduced holdings. only 27 funds opened positions while 62 raised stakes. 12.79 million shares or 0.41% more from 12.74 million shares in 2019Q1 were reported. Ny State Common Retirement Fund reported 18,598 shares stake. Moreover, Bridgeway Cap Management Incorporated has 0% invested in Allegiant Travel Company (NASDAQ:ALGT). Pub Employees Retirement Sys Of Ohio reported 19,190 shares. Barclays Public Ltd Liability Co holds 0% or 14,842 shares. 5,455 are held by Naples Global Advsr Limited Company. Comerica Bancorporation has invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). The New York-based Alliancebernstein Limited Partnership has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Livforsakringsbolaget Skandia Omsesidigt has 0.11% invested in Allegiant Travel Company (NASDAQ:ALGT) for 6,000 shares. Renaissance Technologies Limited Liability Company invested in 66,600 shares or 0.01% of the stock. Everence has 0.05% invested in Allegiant Travel Company (NASDAQ:ALGT). Deutsche Bankshares Ag holds 0% or 40,275 shares. Legal General Public Limited Co accumulated 32,321 shares or 0% of the stock. Mason Street Advisors Ltd Llc reported 4,295 shares stake. Glenmede Trust Na stated it has 48 shares. Los Angeles Capital Mngmt Equity, a California-based fund reported 1,993 shares.

Renaissance Technologies Llc decreased its stake in Allegiant Travel Co (ALGT) by 10.26% based on its latest 2019Q2 regulatory filing with the SEC. Renaissance Technologies Llc sold 116,500 shares as the company’s stock rose 2.95% . The hedge fund held 1.02 million shares of the air freight and delivery services company at the end of 2019Q2, valued at $134.20 million, down from 1.14M at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Allegiant Travel Co for a number of months, seems to be less bullish one the $2.45 billion market cap company. The stock increased 0.46% or $0.69 during the last trading session, reaching $150.02. About 106,773 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 20.31% since October 12, 2018 and is uptrending. It has outperformed by 20.31% the S&P500.

Renaissance Technologies Llc, which manages about $63.99B and $84.98 billion US Long portfolio, upped its stake in Spirit Aerosystems Hldgs Inc (NYSE:SPR) by 530,000 shares to 652,300 shares, valued at $50.70M in 2019Q2, according to the filing. It also increased its holding in Arris Intl Inc by 153,600 shares in the quarter, for a total of 294,600 shares, and has risen its stake in Rmr Group Inc.

Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on October, 23. They expect $2.23 earnings per share, up 137.23 % or $1.29 from last year’s $0.94 per share. ALGT’s profit will be $36.36 million for 16.82 P/E if the $2.23 EPS becomes a reality. After $4.33 actual earnings per share reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -48.50 % negative EPS growth.

More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Bizjournals.com which released: “Allegiant adds new routes to Phoenix-Mesa Gateway Airport – Phoenix Business Journal” on August 13, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Trading Tariff Turbulence – Seeking Alpha” published on August 03, 2019, Benzinga.com published: “Earnings Scheduled For July 24, 2019 – Benzinga” on July 24, 2019. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Bizjournals.com and their article: “These U.S. airlines have the most mishandled baggage – Atlanta Business Chronicle” published on July 15, 2019 as well as Fool.com‘s news article titled: “Why Airline Stocks Rose by Double Digits in November – The Motley Fool” with publication date: December 11, 2018.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Among 4 analysts covering Allegiant Travel (NASDAQ:ALGT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Allegiant Travel has $19100 highest and $13200 lowest target. $179.25’s average target is 19.48% above currents $150.02 stock price. Allegiant Travel had 9 analyst reports since April 17, 2019 according to SRatingsIntel. The company was maintained on Wednesday, October 2 by Morgan Stanley. The firm earned “Equal-Weight” rating on Wednesday, August 14 by Morgan Stanley. The stock has “Buy” rating by Sidoti on Tuesday, July 23. The rating was maintained by Morgan Stanley on Monday, May 20 with “Equal-Weight”. Buckingham Research maintained Allegiant Travel Company (NASDAQ:ALGT) on Thursday, July 25 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $16400 target in Thursday, October 10 report. The rating was maintained by Citigroup with “Buy” on Tuesday, July 9. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Buy” rating given on Tuesday, July 16 by Buckingham Research.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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