Allegiant Travel (NASDAQ:ALGT) Short Interest Update


Allegiant Travel (NASDAQ:ALGT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 868,500 shares, an increase of 40.2% from the December 15th total of 619,400 shares. Based on an average daily trading volume, of 180,900 shares, the days-to-cover ratio is currently 4.8 days. Currently, 5.7% of the shares of the stock are short sold.

A number of research firms recently weighed in on ALGT. Bank of America lowered shares of Allegiant Travel from a “buy” rating to a “neutral” rating and cut their target price for the company from $225.00 to $200.00 in a report on Friday, January 7th. Zacks Investment Research raised shares of Allegiant Travel from a “sell” rating to a “hold” rating and set a $187.00 target price for the company in a report on Tuesday, December 21st. Susquehanna cut their target price on shares of Allegiant Travel from $255.00 to $240.00 and set a “positive” rating for the company in a report on Friday, October 29th. Susquehanna Bancshares cut their target price on shares of Allegiant Travel from $255.00 to $240.00 and set a “positive” rating for the company in a report on Friday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Allegiant Travel from $285.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, October 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $240.00.

In other Allegiant Travel news, insider Rebecca Aretos sold 182 shares of the stock in a transaction that occurred on Tuesday, October 26th. The shares were sold at an average price of $182.45, for a total transaction of $33,205.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.70% of the company’s stock.

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Several large investors have recently added to or reduced their stakes in the company. CWM Advisors LLC lifted its position in shares of Allegiant Travel by 3.1% during the second quarter. CWM Advisors LLC now owns 2,046 shares of the transportation company’s stock worth $397,000 after purchasing an additional 62 shares during the last quarter. Capital Analysts LLC lifted its position in shares of Allegiant Travel by 11.1% during the third quarter. Capital Analysts LLC now owns 652 shares of the transportation company’s stock worth $127,000 after purchasing an additional 65 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Allegiant Travel by 1.5% during the third quarter. Synovus Financial Corp now owns 4,845 shares of the transportation company’s stock worth $949,000 after purchasing an additional 73 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Allegiant Travel by 1.3% during the second quarter. UBS Asset Management Americas Inc. now owns 6,887 shares of the transportation company’s stock worth $1,336,000 after purchasing an additional 87 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Allegiant Travel by 5.3% during the third quarter. LPL Financial LLC now owns 1,840 shares of the transportation company’s stock worth $360,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

Shares of ALGT opened at $186.10 on Monday. The company has a market cap of $3.37 billion, a PE ratio of 29.54 and a beta of 1.61. The business has a fifty day moving average of $184.02 and a 200 day moving average of $188.45. Allegiant Travel has a 52-week low of $163.60 and a 52-week high of $271.29. The company has a quick ratio of 1.87, a current ratio of 1.91 and a debt-to-equity ratio of 1.20.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Tuesday, October 26th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $459.47 million during the quarter, compared to the consensus estimate of $451.35 million. Allegiant Travel had a negative return on equity of 0.35% and a net margin of 7.71%. Allegiant Travel’s revenue was up 128.6% on a year-over-year basis. During the same period last year, the company earned ($4.28) earnings per share. As a group, research analysts anticipate that Allegiant Travel will post 1.83 earnings per share for the current fiscal year.

About Allegiant Travel

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.

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Gabby Petito case becomes point of interest for internet sleuths on social media


Young people are sharing their reactions to the investigation online.

The extensive reach of social media has become a focal point in the disappearance of travel blogger Gabby Petito.

Petito had been traveling cross-country with her boyfriend, Brian Laundrie, in a white van and had frequently documented their adventures on YouTube and Instagram.

Since she was reported missing nine days ago, Petito’s case has captured the nation’s attention — particularly young people online who are sharing their reactions and actively trying to solve the case themselves.

ABC News’ Trevor Ault, who is reporting on the case from Florida, spoke with ABC News podcast “Start Here” about the influence of social media and the blurry line between solving a tragic situation and getting entertainment from it.

“It’s like you’re taking part in the true crime podcast before there’s a true crime podcast,” Ault told “Start Here” on Monday. “[Infatuation with a case] isn’t a new experience in America, but it is definitely a new look at how it is evolving … and how it impacts law enforcement too.”

TikTok user Miranda Bajer claimed that she and her boyfriend gave Laundrie a ride on Aug. 29 in Grand Teton National Park a couple days after Petito was last seen.

“In the past, if a person thought that they had a tip and they wanted to share it, they could share it to law enforcement and it would be that until law enforcement investigated it,” Ault said. “Now a person can post about it or whatever their theories are and it can catch on.”

Baker’s video has since gained 8 million views on TikTok.

Police in Florida confirmed to ABC News on Sunday that they have spoken to Baker, but federal authorities have not yet confirmed her statement.

While on one hand, the extra tips and leads are helpful, law enforcement said that they have run into trouble corroborating facts and disproving false narratives about the case before they are published widely online.

“In every instance, law enforcement has expressed gratitude to the people who are opening up about what they’re seeing or what they think they might know or have experienced,” said Ault. “[But] It can clog the machine.”

This report was featured in the Monday, Sept. 20, 2021, episode of “Start Here,” ABC News’ daily news podcast.

“Start Here” offers a straightforward look at the day’s top stories in 20 minutes. Listen for free every weekday on Apple Podcasts, Google Podcasts, Spotify, the ABC News app or wherever you get your podcasts.



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Skyscanner Reveals Surge In Interest For US Trips Following Travel Announcement


MIAMI, Sept. 21, 2021 /PRNewswire/ — One of Skyscanner’s most senior travel experts has provided comment following a landmark announcement for the resumption of travel to the US.

“This is really welcome news for all those travellers who have been waiting to visit the US for over eighteen months. Searches for key US destinations like New York and Orlando have remained high throughout the pandemic, despite restrictions preventing bookings as people have been dreaming about seeing family and friends or visiting some of the most popular destinations in the United States.

“Travel between the UK and US accounts for a significant proportion of tourism for both countries, particularly between London and New York. While travellers have continued to search in large numbers for flights between the UK and US throughout the pandemic, the majority of fares booked have been primarily short-term essential travel.

“With the option for transatlantic travel now open we expect a large portion of these searches to convert to bookings very quickly, as friends and families make plans to be reunited and vacationers head to their favourite spots.”

Martin Nolan, Traveller Rights Expert at Skyscanner

Notes to Editors

*Volume of all searches during the last month (23rd August – 20th September) for all outbound economy, return flights in 2021.

**OnePoll survey commissioned by Skyscanner 2000 UK respondents (15th September)

***All searches on skyscanner.net for economy, return travel from the UK in 2019.

Founded in 2003, Skyscanner is a leading travel marketplace dedicated to putting travelers first. Skyscanner helps millions of people in 52 countries and over 30 languages find the best travel options for flights, hotels and car hire every month. Skyscanner is available on desktop, mobile web and its highly rated app has 100 million downloads. Working with 1200 travel partners, Skyscanner’s mission is to lead the global transformation to modern and sustainable travel.    

Need more info? www.skyscanner.com

SOURCE Skyscanner

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Space travel insurance growing in interest


There are projections that the space tourism industry will grow to a $1 trillion value by 2024.

COLUMBUS, Ohio — Car insurance? Check. Home insurance? Check check. Space Travel Insurance? Yes, you can now check that too.

“The travel insurance industry should be at the forefront of developing products,” says Sasha Gainullin, co-founder and CEO of battleface, Inc, which launched the first of its kind civilian space travel insurance plan. “For example, just to get to a space station, say the launch is in Kazakhstan, you still need insurance to get there.”

Gainullin says his company started battleface by insuring people traveling to unconventional and remote parts of the world that perhaps weren’t covered or serviced by traditional insurance policies.  

The mission of battleface is to design insurance plans based on the customer’s unique interests like cliff diving, COVID-19 protection, or in this case, space tourism.

“Essentially create travel insurance products that are relevant to today’s travelers,” says Gainullin who recently relocated his company to the Columbus-area after a multi-million-dollar investment from Drive Capital, LLC, a venture capital and private equity firm for the Midwest based in Columbus.

“Space tourism is just an extension [of today’s travelers] because many travelers are going based on experiences, not based on commodity travels,” Gainullin explains further.  “We see travelers going to India to learn how to cook or travel to Argentina to learn how to tango and space tourism is just an extension of that desire.”

There are projections that the space tourism industry will grow to a $1 trillion value by 2024. That is less than three years away, not light years. 

And with interest growing following the trips to space by billionaires Richard Branson and Jeff Bezos, the momentum is now.  

According to a company press release, a typical space travel insurance policy will cover accidental death and permanent disablement.  

It is valid for any of the space flights operated by Tesla Founder Elon Musk’s SpaceX, Amazon CEO Jeff Bezos’s Blue Origin, Richard Branson’s Virgin Galactic, and high-tech balloon manufacturers Space Perspective among others.

Gainullin says he is positioning his company to be at the forefront of the next frontier. He says battleface is not your traditional one-size-fits-all policy approach of the more traditional insurers who offer the same policy regardless of whether you are flying to the next state or another country.

“With technology and the way data science works, and our knowledge of how customers are, we should be in the business of custom-building products for you on the go, based on your needs as a traveler,” Gainullin said.

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Missing Florida woman’s boyfriend named person of interest after cross-country road trip


NORTH PORT, Fla. – The boyfriend of a 22-year-old Florida woman who was reported missing this week after a cross-country road trip has been named a person of interest in her disappearance, according to the North Port Police Department.

Gabrielle “Gabby” Petito was last in contact with her family in late August. She and her partner, identified as Brian Laundrie, were on a cross-country road trip that started in Florida, according to a GoFundMe account started for Petito.

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The department said Laundrie has not been cooperative with investigators and has officially been named a person of interest in her disappearance.

“We are pleading with anyone, including Brian, to share information with us on her whereabouts in the past few weeks. The lack of information from Brian is hindering this investigation. The answers will eventually come out. We will help find Gabby and we will help find anyone who may be involved in her disappearance,” Chief Todd Garrison said.

Petito and Laundrie had been documenting their road trip on social media, including on a YouTube channel with a single video uploaded on Aug. 19. Police said the van the two were traveling in was found at her home on Sept. 11, but she was not with the vehicle. According to the department, the home is shared with her boyfriend and his parents.

Camper van located at 22-year-old Gabrielle Petito’s home in North Port, Florida. (Image: North Port Police Department) (Copyright 2021 by WKMG ClickOrlando – All rights reserved.)

“We know Brian returned here to North Port on September 1st — ten days before her family reported her missing on September 11th. We have no information that a crime occurred here in North Port,” the department wrote on Facebook.

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The woman’s family told police they last heard from Petito during the last week of August. Before their last contact, police said Petito is believed to have been in Grand Teton National Park in Wyoming.

The 22-year-old last posted to Instagram on Aug. 25. Her posts show stops along the couple’s journey in Arches National Park, Colorado and backpacking along the Appalachian Trail in Georgia.

Petito is described as being 5 feet and 5 inches tall and weighing 110 pounds. She has blonde hair, blue eyes and several tattoos, including one on her forearm that reads “let it be.”

Anyone who would like to submit a tip or has seen the camper van pictured above is asked to call the FBI’s national hotline at 1-800-225-5324.

Copyright 2021 by WKMG ClickOrlando – All rights reserved.





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Interest in European Travel Grows


It’s more than a possibility that Americans will be able to travel to Europe in the near future, with countries like Greece and France to start lifting travel bans for travelers this month, while the European Union is looking to welcome fully vaccinated travelers into Europe later this summer.

While this good news circulates the globe, a new survey from smarTours found that Europe is the most desired destination American travelers want to visit this year. More than 40 percent polled that they’d choose Europe, while only seven percent wanted to travel domestically.

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Sixty-one percent of Americans surveyed are ready to travel this year, while 57 percent said they would love to cross off a bucket list-type destination the next time they travel. Exploration and socialization are the main things travelers want to do on their next vacations, instead of taking the beach trips that were so popular earlier this year. Thirty-five percent want their next vacation to be with their friends.

Two travel advisors have noticed this burgeoning interest in European travel. David W. Hartman, Luxury Travel Advisor for Fantastic Endeavors, Inc. believes pent-up demand and the recent news are two of the main factors driving this interest. He sees Italy as the most popular destination among his clients. Their main concerns, though, are missing out on iconic landmarks due to venue closures and local travel restrictions.

He offers this piece of advice: “Travelers to Europe this summer may experience issues with limited flights, high airfares and restrictions with travel to select countries and destinations. For example, Munich recently canceled Oktoberfest 2021 for several reasons related to the phased reopening of Germany. Numerous clients are rescheduling to summer 2022 due to these reasons, including a group that booked Oktoberfest 2020, rescheduled to 2021 and now booked Oktoberfest 2022.”

Claire Schoeder, Luxury Travel Consultant for Elevations Travel in Atlanta, Georgia, has had numerous client inquiries about traveling to the countries that are set to reopen or already have reopened. Schoeder says her vaccinated clients are more optimistic about traveling and want to plan travel more than her non-vaccinated clients. The most desired destinations for her clients are Iceland, Greece and Italy.

“Across the board, my clients are concerned about the slow vaccination rates in the EU and how that might affect them. I have had clients ask if hotel staff will be vaccinated along with others, such as restaurant staff who will have close contact with them. They are also asking about mask requirements, social distancing and how countries will handle visitors to landmark sites such as the Colosseum. Summing up they are concerned about health safety more than anything right now…” said Schoeder.

“Hotels and DMCs have been great about answering questions, but some details need to be shared by the governments involved. I do not simply sell a destination. I give my clients the best information and advice that I have to help them make the decision that best suits them. And if that means recommending a longer wait to travel to Europe then that is what I will do,” Schoeder concluded.

There is a light at the end of the tunnel, but there are still many questions that need to be answered. For now, however, we hold fast to the hope that Europe will once again reopen for us to explore.





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As summer nears and restrictions lift, local travel planners see travel interest rise | WJHL


BLOUNTVILLE, Tenn. (WJHL) — According to local travel planners, a lot of people are itching to travel once again, but that travel may not be right away.

“As people get more comfortable with traveling, as the vaccine gets more prevalent and more people are getting vaccinated, we are seeing people are much more comfortable traveling in general,” said Gene Cossey, Executive Director of the Tri-Cities Airport.

“You’re looking into 2022 for the most part because people want to feel a little more comfortable that we are going to get to take this trip hopefully,” said AAA travel consultant Cecilia Campbell.

Travel consultants are seeing a trend of where people are headed in the nearer future.

“We have a lot of interest in the United States, obviously, and I have a lot of people that are leaving in the next couple of weeks on domestic tours that are doing like the national parks that sort of thing, so those are going well, but it’s slow,” said Campbell. “In this area, you have a lot of people that are trying to stay closer to home, I mean they might be going to Florida, places like that.”

The traffic at the Tri-Cities Airport tends to confirm that.

“We can see on Allegiant a lot of people are going down to Orlando and St. Pete where we connect to,” said Cossey.

Although Cossey says not everyone is traveling just for fun.

“People that are working from home realize they can work from anywhere, and so they have a tendency to go ahead and bring their laptop, bring their phone and go wherever they want to work,” said Cossey. “We’re seeing people come here to work, and we’re seeing people from here going other places to work. Which is great because it’s just continuing to stimulate the demand that we see, which means that the airlines are filling up their seats, which encourages them to add more seats to the market.”

If you’re going to book, travel experts say you better do it soon.

“I would say right now we’re pushing around 75-80 percent of that capacity and we’re hoping that through the summer we’ll get right back up to that full capacity,” said Cossey.

“For those of you booking new trips or even rebooking trips, do it as soon as you can because people who had booked last year that have been cancelled twice now started rebooking then,” said Campbell. “The airfare has been good, but I’m seeing it gradually increase, and I’m suspecting that in a few months it’ll probably be back to where it was in 2019.”

Campbell also says she sees a lot of people anxious to get back on cruises, but for cruises and international travel she’s advising people to wait until 2022 or even 2023.

For those looking to book trips, Campbell says now more than ever it’s important to get insurance.

“Even though most of these companies do not cover the pandemic, like if you decided ‘we can’t go because of the pandemic,’ they don’t cover that. But if you happen to get the virus while you’re on the trip, it does cover that,” explained Campbell. “Some of the companies have come out with cancel for any reason.”



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Younger Demographics Show Highest Ever Interest in Travel Insurance


ST. PETERSBURG, Fla., April 29, 2021 /PRNewswire/ — Squaremouth reports that Millennials and Gen Z travelers are showing more interest in travel insurance than ever before. Covid-19 has changed almost every aspect of the travel industry, leading to a significant shift in who is traveling amid the pandemic and buying travel insurance.

Squaremouth.com hosts the largest number of travel insurance providers and policies that offer coverage related to the Covid-19 pandemic. Squaremouth Analytics has compared thousands of travel insurance policies purchased pre-and-post-pandemic to identify changes and trends in travel insurance, revealing how both consumers and travel insurance providers are responding to the impact of Covid-19. The key trends are:

Younger travelers are most comfortable traveling amid the pandemic

  • Millennials and Gen Z travelers account for more than 40% of travel insurance policy purchases through Squaremouth.com in 2021, compared to under 30% in 2020
  • Just 24% of travelers this year are Baby Boomers, compared to 40% in 2020

Traveler Share by Generation

Generation

% of Travelers 2021

% of Travelers 2020

Gen Alpha (born 2013 or later)

5%

3%

Gen Z (born 1997 through 2012)

18%

12%

Millennial (born 1981 through 1996)

23%

18%

Gen X (born 1965 through 1980)

27%

20%

Baby Boomers (born 1946 – 1964)

24%

40%

Silent (born 1945 or before)

3%

7%

Most Travelers are Spending Less on Trips

  • The average trip cost in 2021 is down to $3,951, a 6% drop from the same period in 2020, partially due to travelers taking shorter trips in 2021
  • Travelers in the Gen Z, Millennial, Gen X, and Baby Boomer demographics are all spending less on trips this year compared to last year

Average Trip Cost per Traveler by Generation

Generation

Average Trip Cost Per Traveler 2021

Average Trip Cost Per Traveler 2020

Gen Alpha (born 2013 or later)

$1,167

$999

Gen Z (born 1997 through 2012)

$1,521

$1,695

Millennial (born 1981 through 1996)

$1,561

$1,637

Gen X (born 1965 through 1980)

$1,759

$1,914

Baby Boomers (born 1946 – 1964)

$2,469

$2,740

Silent (born 1945 or before)

$3,218

$2,892

“Overall, we’ve seen an uptick in travel across all age groups since the rollout of the Covid-19 vaccine,” says Squaremouth Lead Data Analyst, Steven Benna. “Although older travelers are showing that they are more willing to travel than they were a few months ago, younger travelers are still the most comfortable taking trips right now.”

Squaremouth maintains a large portfolio of travel insurance products that offer coverage related to the Covid-19 pandemic, including cancellation and emergency medical benefits for contracting the virus, and Cancel For Any Reason coverage. Travelers can search for policies that include Covid-19-related coverage, including Cancel for Any Reason, here.

Notes to editors

Available Topic Expert: Steven Benna, inhouse data specialist is available for comment and interview. [email protected]  +1 (727) 619-7262

Research Methodology: Squaremouth.com hosts the largest number of travel insurance providers and policies that offer coverage related to the Covid-19 pandemic. Squaremouth Analytics has compared thousands of travel insurance policies purchased pre-and-post-pandemic to identify changes and trends in travel insurance. If you would like a copy of the raw data, please get in touch by emailing [email protected].  

Other Relevant Research:

ABOUT SQUAREMOUTH
Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com.

SOURCE Squaremouth

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Allegiant Travel (NASDAQ:ALGT) Short Interest Update


Allegiant Travel (NASDAQ:ALGT) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,100,000 shares, an increase of 74.3% from the March 15th total of 631,000 shares. Approximately 7.9% of the shares of the stock are sold short. Based on an average daily volume of 151,900 shares, the days-to-cover ratio is presently 7.2 days.

A number of analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Allegiant Travel from $190.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, March 15th. Wolfe Research upgraded shares of Allegiant Travel from an “underweight” rating to a “market weight” rating and raised their target price for the company from $200.00 to $238.00 in a research report on Friday, March 5th. Raymond James lifted their price target on shares of Allegiant Travel from $230.00 to $290.00 and gave the stock a “strong-buy” rating in a report on Monday. Bank of America lowered shares of Allegiant Travel from a “buy” rating to a “neutral” rating in a report on Friday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Allegiant Travel from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $231.40.

Shares of NASDAQ ALGT opened at $249.25 on Friday. Allegiant Travel has a twelve month low of $63.50 and a twelve month high of $271.29. The firm has a fifty day simple moving average of $250.66 and a 200 day simple moving average of $189.99. The company has a market capitalization of $4.09 billion, a PE ratio of -41.33 and a beta of 1.71. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 1.99.

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Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, February 2nd. The transportation company reported ($1.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.44) by $1.32. Allegiant Travel had a negative net margin of 7.86% and a negative return on equity of 8.83%. The business had revenue of $246.56 million during the quarter, compared to the consensus estimate of $245.48 million. During the same quarter last year, the firm earned $3.72 earnings per share. Allegiant Travel’s quarterly revenue was down 46.5% on a year-over-year basis. As a group, equities analysts expect that Allegiant Travel will post -10.54 earnings per share for the current fiscal year.

In other Allegiant Travel news, COO Scott Sheldon sold 14,624 shares of the firm’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $216.52, for a total value of $3,166,388.48. Also, EVP Robert Paul Wilson III sold 160 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $243.84, for a total transaction of $39,014.40. Following the completion of the sale, the executive vice president now owns 15,168 shares in the company, valued at approximately $3,698,565.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,647 shares of company stock valued at $4,045,560. 19.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Advisors LLC bought a new position in Allegiant Travel during the fourth quarter worth $31,000. International Assets Investment Management LLC bought a new stake in Allegiant Travel in the fourth quarter valued at $38,000. Global Retirement Partners LLC bought a new stake in Allegiant Travel in the first quarter valued at $49,000. Point72 Hong Kong Ltd increased its stake in Allegiant Travel by 538.9% in the third quarter. Point72 Hong Kong Ltd now owns 460 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 388 shares in the last quarter. Finally, Vantage Consulting Group Inc bought a new stake in Allegiant Travel in the fourth quarter valued at $72,000. 86.10% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 12, 2021, it operated a fleet of 97 Airbus A320 series aircraft.

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7 Cloud Computing Stocks to Lift Your Portfolio to New Heights

Cloud computing sounds complicated, and it has become more sophisticated as it evolves. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the delivery of different services via the internet. In its early days, the cloud was used exclusively for data storage. Here’s an easy example of why this was important.

Back when the internet was cutting its teeth, I worked in marketing communications. The need to comply with Total Quality Control Systems (TQCS) for our largest clients meant we had to save every version of our files. Every. Single. One.
Now imagine that you’re producing a 120-page product catalog complete with photos and charts. Your hard drive is burning up just thinking about it. Yet that “data” had to be stored somewhere. And so we had a virtual server farm to try to warehouse all these graphic intensive (and memory sucking) files until we could archive them.

Other than the storage nightmare, consider that it was a pain to work remotely. You could copy a file from the server, but then were you working on the right file? I’m sure at least one person is reading this who remembers this pain.

The cloud takes that away. Cloud computing allows you to store files on a secure, remote server that everyone can access anywhere they have an internet connection. But it’s become so much more than that. Cloud computing now gives businesses a platform from which they can create applications and software. If that sounds confusing, I hope to simplify it in this presentation.
To help you understand which cloud computing stocks, you may want to add to your portfolio, and we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.

View the “7 Cloud Computing Stocks to Lift Your Portfolio to New Heights”.



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