Buckingham Research Downgrades Allegiant Travel (ALGT) to Neutral

Lloyd Doyle
December 7, 2017

The stock decreased 2.96% or $4.5 during the last trading session, reaching $147.5. 248,163 shares of the company's stock traded hands.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Wednesday, October 25th. It has underperformed by 15.32% the S&P500.

Jag Capital Management Llc decreased Splunk Inc (SPLK) stake by 24.4% reported in 2017Q2 SEC filing.

In other news, EVP Jude Bricker sold 4,421 shares of the stock in a transaction that occurred on Friday, March 17th. The Kimelman & Baird Llc holds 205,436 shares with $12.12 million value, down from 210,646 last quarter. Insiders have sold 6,636 shares of company stock valued at $1,027,853 in the last ninety days. Its up 10.32% from 1.17 million shares previously. (NYSE:NKE) to report earnings on December, 19. It has underperformed by 25.94% the S&P500.

Since June 16, 2017, it had 0 insider purchases, and 1 insider sale for $131,235 activity. (NYSE:KR) or 6,200 shares.


Among 13 analysts covering Allegiant Travel (NASDAQ:ALGT), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Kroger had 95 analyst reports since August 25, 2015 according to SRatingsIntel. Jefferies maintained The Kroger Co. On Friday, September 23 the stock rating was upgraded by Buckingham Research to "Buy". The firm has "Buy" rating given on Monday, November 6 by Northcoast. On Tuesday, September 26 the stock rating was maintained by Citigroup with "Buy". The company has a market cap of $2.24 billion, a PE ratio of 12.01 and a beta of -0.20. Imperial Capital initiated it with "Outperform" rating and $164 target in Friday, October 7 report. On Monday, November 30 the stock rating was downgraded by Raymond James to "Mkt Perform". The firm has "Outperform" rating given on Tuesday, June 14 by Raymond James. The shares were sold at an average price of $142.08, for a total value of $213,120.00. It also upped Koppers Holdings Inc (NYSE:KOP) stake by 50,321 shares and now owns 68,625 shares. Align Technology Inc (NASDAQ:ALGN) was raised too.

Investors sentiment increased to 1 in Q2 2017. Its down 0.04, from 1.26 in 2017Q1. 4 funds opened positions while 6 raised stakes. 661.79 million shares or 5.01% less from 696.72 million shares in 2017Q1 were reported. Deutsche Bancshares Ag invested in 0.01% or 52,621 shares. Peak6 Invests LP reported 0% stake. 1St Glob Advsr, Texas-based fund reported 2,613 shares. 90,319 are owned by Renaissance Ltd Limited Liability Company. Wesbanco Retail Bank Incorporated stated it has 15,000 shares or 0.11% of all its holdings. 380,048 were reported by British Columbia Mngmt. Comerica National Bank & Trust has 13,802 shares for 0.01% of their portfolio. Rhumbline Advisers now owns 20,766 shares of the transportation company's stock valued at $2,743,000 after buying an additional 880 shares during the period. (NYSE:KR). St Johns Management Co Limited Liability Com holds 34,106 shares. It turned negative, as 5 investors sold Cathedral Energy Services Ltd. shares while 11 reduced holdings. Moreover, Brinker Cap has 0.04% invested in Splunk Inc. (NASDAQ:SPLK) or 10,125 shares.

Among 13 analysts covering Allegiant Travel (NASDAQ:ALGT), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 23% are positive. Allegiant Travel had 43 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, November 17, the company rating was maintained by FBN Securities. The Washington-based Parametric Ltd has invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Stifel Nicolaus downgraded the shares of ALGT in report on Wednesday, January 11 to "Hold" rating. The company was maintained on Wednesday, December 2 by Cowen & Co. The firm earned "Neutral" rating on Thursday, September 8 by Piper Jaffray. The correct version of this article can be read at https://stocknewstimes.com/2017/12/06/buckingham-research-downgrades-allegiant-travel-algt-to-neutral.html. (NASDAQ:SPLK) earned "Equal-Weight" rating by Barclays Capital on Friday, August 25.

Investors sentiment increased to 1.06 in Q2 2017. The transportation company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.31 by $0.08. Imperial Capital reduced their price objective on shares of Allegiant Travel Company from $182.00 to $170.00 and set an "in-line" rating for the company in a research note on Wednesday, April 12th. 26 funds opened positions while 63 raised stakes. Timessquare Capital Management Ltd Liability Com invested 0.59% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Morgan Stanley accumulated 31,506 shares. Great West Life Assurance Can reported 17,939 shares stake. Tower Research Cap Ltd Liability Company (Trc) reported 100 shares. First Midwest Commercial Bank Tru Division holds 3,659 shares. Adams Diversified Equity Fund invested 0.04% in Allegiant Travel Company (NASDAQ:ALGT). Creative Planning accumulated 12 shares. Cap Fund Management owns 36,344 shares. Bbt Capital Management Limited Co holds 0.49% or 27,253 shares. Pinebridge Invs Ltd Partnership has 0.01% invested in Allegiant Travel Company (NASDAQ:ALGT). The stock of Allegiant Travel Company (NASDAQ:ALGT) earned "Buy" rating by Citigroup on Friday, November 18. Zacks Investment Research cut Allegiant Travel from a "hold" rating to a "sell" rating in a report on Tuesday, October 10th. Pnc Fincl Services Group has 0% invested in Allegiant Travel Company (NASDAQ:ALGT).

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