The stock of Allegiant Travel Company (NASDAQ:ALGT) registered a decrease of 4.59% in short interest. ALGT’s total short interest was 801,000 shares in September as published by FINRA. Its down 4.59% from 839,500 shares, reported previously. With 128,200 shares average volume, it will take short sellers 6 days to cover their ALGT’s short positions. The short interest to Allegiant Travel Company’s float is 6.77%. About 69,055 shares traded hands. Allegiant Travel Company (NASDAQ:ALGT) has declined 4.00% since February 8, 2016 and is downtrending. It has underperformed by 20.49% the S&P500.
Allegiant Travel Company is a leisure travel company. The company has a market cap of $2.28 billion. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It has a 9.86 P/E ratio. The Company’s services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, fixed fee contract air transportation and other revenue.
The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.41, from 1.29 in 2016Q1. The ratio turned negative, as 32 funds sold all Allegiant Travel Company shares owned while 65 reduced positions. 23 funds bought stakes while 62 increased positions. They now own 12.88 million shares or 3.16% less from 13.30 million shares in 2016Q1.
Rk Asset Management Llc holds 6.59% of its portfolio in Allegiant Travel Company for 48,732 shares. Muhlenkamp & Co Inc owns 34,001 shares or 2.01% of their US portfolio. Moreover, Wasatch Advisors Inc has 1.65% invested in the company for 711,099 shares. The Connecticut-based Contrarian Capital Management L.L.C. has invested 1.55% in the stock. U S Global Investors Inc, a Texas-based fund reported 19,384 shares.
Out of 6 analysts covering Allegiant Travel (NASDAQ:ALGT), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Allegiant Travel has been the topic of 13 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock on August 1 with “Market Perform” rating.
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