Principal Monetary Group Inc. Lowers Inventory Place in Allegiant Journey (NASDAQ:ALGT)

Allegiant Travel logoPrincipal Monetary Group Inc. lowered its place in shares of Allegiant Journey (NASDAQ:ALGT – Get Score) by 0.7% within the 1st quarter, HoldingsChannel.com experiences. The institutional investor owned 103,010 shares of the transportation firm’s inventory after promoting 700 shares through the interval. Principal Monetary Group Inc.’s holdings in Allegiant Journey had been value $16.728,000 as of its most up-to-date SEC submitting.

A number of different institutional traders and hedge funds have additionally added to or diminished their stakes within the firm. Swiss Nationwide Financial institution lifted its place in Allegiant Journey by 9.2% through the first quarter. Swiss Nationwide Financial institution now owns 10,728 shares of the transportation firm’s inventory valued at $1,742,000 after shopping for an extra 900 shares through the interval. Duality Advisers LP lifted its place in Allegiant Journey by 196.3% through the first quarter. Duality Advisers LP now owns 4,700 shares of the transportation firm’s inventory valued at $763,000 after shopping for an extra 3,114 shares through the interval. US World Traders Inc. lifted its place in Allegiant Journey by 18.3% through the first quarter. US World Traders Inc. now owns 616,869 shares of the transportation firm’s inventory valued at $100,173,000 after shopping for an extra 95,643 shares through the interval. IndexIQ Advisors LLC bought a brand new place in Allegiant Journey through the first quarter valued at $415,000. Lastly, Royce & Associates LP bought a brand new place in Allegiant Journey through the first quarter valued at $7,425,000. Hedge funds and different institutional traders personal 98.49% of the corporate’s inventory.

Insider Shopping for and Promoting at Allegiant Journey

In different Allegiant Journey information, CMO Scott Wayne Deangelo bought 500 shares of the enterprise’s inventory in a transaction dated Friday, July 1st. The inventory was bought at a median value of $112.89, for a complete transaction of $56,445.00. Following the completion of the sale, the chief advertising officer now instantly owns 8,035 shares within the firm, valued at roughly $907,071.15. The transaction was disclosed in a submitting with the SEC, which is obtainable on the SEC web site. In different information, CMO Scott Wayne Deangelo bought 500 shares of Allegiant Journey inventory in a transaction dated Friday, July 1st. The inventory was bought at a median value of $112.89, for a complete transaction of $56,445.00. Following the transaction, the chief advertising officer now instantly owns 8,035 shares of the corporate’s inventory, valued at roughly $907,071.15. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed by this hyperlink. Additionally, COO Scott Sheldon bought 914 shares of Allegiant Journey inventory in a transaction dated Wednesday, August third. The shares had been bought at a median value of $114.77, for a complete worth of $104,899.78. Following the transaction, the chief working officer now instantly owns 38,680 shares within the firm, valued at $4,439,303.60. The disclosure for this sale will be discovered right here. Insiders bought a complete of two,272 shares of firm inventory value $259,817 within the final three months. 15.10% of the inventory is presently owned by firm insiders.

Allegiant Journey Worth Efficiency

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NASDAQ ALGT opened at $102.47 on Friday. Allegiant Journey has a one yr low of $101.39 and a one yr excessive of $215.48. The inventory has a 50-day shifting common of $114.31 and a 200 day shifting common of $141.57. The corporate has a market capitalization of $1.86 billion, a price-to-earnings ratio of 39.87 and a beta of 1.49. The corporate has a debt-to-equity ratio of 1.46, a fast ratio of 1.49 and a present ratio of 1.53.

Allegiant Journey (NASDAQ:ALGT – Get Score) final launched its quarterly earnings outcomes on Wednesday, August third. The transportation firm reported $0.62 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $1.06 by ($0.44). Allegiant Journey had a web margin of two.23% and a return on fairness of three.51%. Throughout the identical interval within the prior yr, the corporate earned $3.46 EPS. On common, sell-side analysts forecast that Allegiant Journey will publish 1.72 EPS for the present yr.

Wall Road Analysts Forecast Development

A number of brokerages have commented on ALGT. Melius began protection on Allegiant Journey in a analysis report on Monday, August fifteenth. They set a “maintain” score for the corporate. Evercore ISI lowered their value goal on Allegiant Journey from $175.00 to $150.00 and set an “in-line” score for the corporate in a analysis report on Monday, June twenty seventh. Barclays lowered their value goal on Allegiant Journey from $180.00 to $150.00 and set an “chubby” score for the corporate in a analysis report on Wednesday, August tenth. Morgan Stanley lowered their value goal on Allegiant Journey from $250.00 to $237.00 and set an “chubby” score for the corporate in a analysis report on Friday, July eighth. Lastly, Deutsche Financial institution Aktiengesellschaft lowered their value goal on Allegiant Journey from $245.00 to $190.00 in a analysis report on Thursday, August 4th. Six funding analysts have rated the inventory with a maintain score and 6 have issued a purchase score to the inventory. Primarily based on knowledge from MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a median goal value of $180.80.

About Allegiant Journey

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Allegiant Journey Firm, a leisure journey firm, gives journey companies and merchandise to residents of under-served cities in the USA. The corporate presents scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure locations. As of February 14, 2022, it’s operated a fleet of 110 Airbus A320 collection plane.

Additional Studying

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Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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