[71] As of November2018,[update] all of its MD-80s have been replaced by newer Airbus A320 family aircraft. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $104.42. In 2008, the airline sold 400,000 hotel room nights. Engage Hospitality is a one-stop-shop hotel management company specializing in Operations, Human Resources, Revenue Management, Sales and Marketing in the Los Angeles Metropolitan areas. However, since 2015, Allegiant has been growing at major airports, such as Cincinnati, Denver, Indianapolis, Los Angeles, Memphis, Newark, Raleigh, and San Antonio. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. To keep ticket prices relatively low, Allegiant offers a lower frequency of flights and no on-board amenities such free soft drinks or entertainment. It has no toll-free phone number but it does sell tickets through internet travel agencies. Founded in 2010, Engage Hospitality has achieved tremendous success in improving RevPar performance and hotel profitability in Southern California. Allegiant Travel Co. is a public company with 980 employees and 700 millon USD market capitalization. This website is using a security service to protect itself from online attacks. Its chairman and CEO is Maurice J. Gallagher Jr. [33], On February 12, 2021, Allegiant launched flights to John Wayne Airport with 8 initial destinations including Boise, Grand Junction, Las Vegas, Medford, Missoula, Provo, Reno/Tahoe, and Spokane. T. Rowe Price Investment Management, Inc. [5] It officially began trading on the Nasdaq exchange under the stock ticker symbol, ALGT, in December of that year. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegiant Travel (NASDAQ:ALGT - Get Rating). In truth, John's promotion to CEO, and my step to executive chairman simply formalizes title changes that have been working in practice for the last several years. [74], In November 2016 the Tampa Bay Times noted that Allegiant's planes were four times more likely to have in-flight failures than other major US airlines,[75] and a 60 Minutes report by CBS News in 2018 continued to investigate the issues.
% Inst. Flight; Hotel; Vacation Rentals . Click to reveal One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Yield investors typically focus on buying companies with indicated dividend yields that are comfortably above the S&P 500 average and that are perceived to be able to continue making or increasing dividend payments over time. v. United States Department of Transportation", "Spirit Airlines v. Department of Transportation", "Allegiant Air's prudent ways help it soar amid slump in travel", "Heard of Allegiant Air? Want to see what other hedge funds are holding ALGT? [4], In May 2006, Allegiant Travel Company filed plans for an initial public offering (IPO). International stock quotes are delayed as per exchange requirements. [16] The Mesa airport announced a 10,000-square-foot (930m2) expansion in August 2008, which increased the number of gates from two to four and allowed Allegiant to triple the number of flights from Phoenix. Following the transaction, the chief marketing officer now owns 97,552 shares of the company's stock, valued at approximately $9,590,337.12. Company profile page for Allegiant Travel Co including stock price, company news, press releases, executives, board members, and contact information [26], In mid-2015, a rash of midair breakdowns drew federal scrutiny. Deep Value investors employ a more extreme version of value investing that is characterized by holding the stocks of companies with extremely low valuation measures. The United States Court of Appeals for the District of Columbia Circuit ruled in favor of the USDOT on 24 July 2012[47] and the US Supreme Court denied certiorari on 1 April 2013. Captrust Financial Advisors now owns 980 shares of the transportation company's stock worth $111,000 after acquiring an additional 168 shares in the last quarter. [70] The average age of Allegiant's MD-80 fleet was 29 years, compared to less than 13 years for its Airbus fleet. "Income" is comprised of Institutions that are classified as:

Income Value investors are similar to those in the Core Value category except they are as interested in the dividend yield as they are in the low valuation ratios of the stocks they purchase. Rotation Concentration Style Location: Global Region Copyright Refinitiv [53], In March 2011, Allegiant took over charter service to Wendover Airport for Peppermill Casinos, Inc. to shuttle customers to Peppermill's three casinos in West Wendover, Nevada; the Montego Bay Resort, the Rainbow Wendover and the Peppermill Wendover. This category is also reserved for any institution or mutual fund that does not meet the criteria for any of the other investment styles. That requires fewer crews and allows less time-pressured aircraft maintenance. [24] It gained the approval for type with the FAA in July 2011,[25] and then worked with the FAA to obtain the appropriate ETOPS rating in order to be able to serve Hawaii. [51] Commissions on hotel and rental car packages are up to one-third of the airline's revenue. Captrust Financial Advisors raised its holdings in shares of Allegiant Travel by 20.7% during the 2nd quarter. Before you consider Allegiant Travel, you'll want to hear this. Institutional Insider Retail 1 of 3 ALGT vs Airline Stocks See What Each Airline Should Offer You. 2023 Allegiant Travel Company. Get Free ALGT Updates ALGT Shareholders What type of owners hold Allegiant Travel Co stock? "I am honored to be named the next CEO of Allegiant Travel Company," Redmond said. One aircraft was committed to the contract. Investors that fall into this category tend to focus on income and safety more than on capital appreciation, and many have a dividend yield "hurdle rate" below which they will be either unlikely to consider owning a particular stock or forced to pare back a current position. The disclosure for this sale can be found here. Under the guidance and direction of this team, supported by a deep and wide bench of talented industry professionals, Allegiant has consistently been one of the most successful airlines in the United States, posting an exceptional record of profitability. At the time, Allegiant maintained a fleet of 32 planes going to 53 destinations in total. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Contact Information. Value is calculated for each institution and mutual fund by multiplying (closing stock price at the position date) * (share position). January 22, 2023 by Alice Danquah Allegiant Air (usually shortened to Allegiant) is an ultra low-cost United States carrier that operates scheduled and charter flights. Although it does not fly to Canada, Allegiant advertises in the country and flies from about a dozen small airports near the CanadaU.S. 85.77% of the stock is owned by hedge funds and other institutional investors. In-depth profiles and analysis for 20,000 public companies. Please send any questions or comments about this story to contact@marketbeat.com. Allegiant was founded in 1997 and is certified by the United States Department of Transportation (DOT) as a "Scheduled Air Carrier" with authority to fly scheduled and charter airline operations throughout the United States The Company also has authority for charter service to Canada and Mexico. While used aircraft are less fuel-efficient than newer planes, Allegiant reported that it purchased and refurbished McDonnell Douglas MD-80 jets for as little as $4 million,[49] one-tenth the cost compared to a new Boeing 737. The stock's fifty day moving average is $97.79 and its two-hundred day moving average is $88.78. To see all exchange delays and terms of use please see Barchart's disclaimer. The company was founded in 2013 and has been owned by Allegiant since its outset. We generate 15 trading opportunities a day. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. What Should Investors Make of These 3 Dividend Cuts? border. [94][71], Allegiant purchased additional new aircraft in January 2022, this time buying 50 Boeing 737 MAX aircraft, taking advantage of low prices as other airlines cancelled their orders in the wake of the nearly two year grounding of the type. "Value" is comprised of Institutions that are classified as:

Core Value investors focus on buying companies at relatively low valuations on an absolute basis, in relation to the market or its peers, or in comparison to an individual stock's historical levels. Why? Identifies the value, percent of shares outstanding, and number of shares held by top 10, top 20, top 50 and all institutional investors.

Value ($MM) Is the sum of the top 10, top 20, top 50 and all institutional investors. Point72 Hong Kong Ltd purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth approximately $129,000. From there, Gallagher has grown the company into one of the most profitable airlines in the world with more than 110 aircraft, operating 600 plus routes across more than 130 cities in the United States. The common element is that any long position taken in a specific equity is offset by a short position in either a merger partner (risk arbitrage), an 'overvalued' member of the same sector (long/short paired trading), a convertible bond (convertible arbitrage), a futures contract (index arbitrage) or an option contract (volatility arbitrage). Send us an email or call us, we'd love to hear your Allegiant experience or answer any questions about our cheap flights and vacation packages. Airports. [52], Allegiant's air charter operation contributed 7% of its revenue in 2009. Mutual Funds are listed on a separate line in order to distinguish mutual fund ownership from overall institutional positions. (844) 978-6257. Get daily stock ideas from top-performing Wall Street analysts. ABC interviewed a former Allegiant mechanic, who said "Dedicated steps were not being performed with maintenance manuals or even with general practices, before an aircraft is released. Allegiant Travel is a travel and leisure company. Often these companies are particularly out-of-favor or in industries that are out-of-favor. Did SOFI Technologies Deserve a Price Target Cut to $2.50?

%O/S (percent of outstanding shares held) Is calculated by dividing total shares held by most recently reported total shares outstanding. Allegiant Travel had a return on equity of 9.23% and a net margin of 2.71%. Sections. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. While Allegiant Travel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. [56], The company had charter contracts with Caesars Entertainment to ferry customers to Caesars casino properties through Reno-Tahoe International Airport, Laughlin/Bullhead International Airport and Tunica Municipal Airport. Thomson Reuters categorizes these portfolios based on its specific knowledge of their historical investment behavior. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released.
%O/S (percent of outstanding shares held) Is calculated by dividing the share change by most recently reported total shares outstanding. "Under Maury's transformational leadership, Allegiant has evolved from a single airplane airline to a fully-integrated travel company and completely redefined how consumers think about leisure travel. Book low fares to destinations around the world and find the latest deals on airline tickets, hotels, car rentals and vacations at aa.com. Nearly every firm that uses a hedge fund or market neutral style is legally organized as a hedge fund (and thus only open to accredited investors).

Value Chg ($MM) Is calculated by subtracting the total sum of current positions from total sum of previous positions. Allegiant Travel was founded in 1997 . This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Who Owns Allegiant? contact@marketbeat.com 1201 North Town Center Drive Las Vegas, NV 89144 United States 702 851 7300 https://www.allegiantair.com Sector (s) : Industrials Industry : Airlines Full Time Employees : 5,318 Key Executives. Taxes", "Airline Proposes Fluctuating Ticket Prices", "Spirit Airlines et al. ALLEGIANT TRAVEL COMPANY ANNOUNCES EXECUTIVE TRANSITION, https://www.prnewswire.com/news-releases/allegiant-travel-company-announces-executive-transition-301476241.html. Allegiant Air (usually shortened to Allegiant) is an ultra low-cost U.S. carrier that operates scheduled and charter flights. History . View Free SMS Trade Alerts. The resortcalled Sunseekeris slated to open in 2020. StockNews.com assumed coverage on Allegiant Travel in a report on Thursday, May 18th. Used aircraft, while significantly less fuel efficient, can be purchased and refurbished at much lower cost. As such, tweaking the relative exposure to the companies that constitute a given sector will determine these firm's investment decisions.

Specialty - This category encompasses a range of styles that are not based on the financial fundamentals of the stocks in the portfolio relative to the overall market. Core Growth managers typically invest in mid or large capitalization, blue chip companies that have historically performed near the top of their sector or the S&P 500 in terms of profitability, earnings growth, and revenue growth. This can be seen by their propensity to hold the stocks of companies that are growing their revenue and EPS extremely quickly, are in an early stage of their life cycle, or have minimal or no current earnings.

Core Growth managers typically invest in mid or large capitalization, blue chip companies that have historically performed near the top of their sector or the S&P 500 in terms of profitability, earnings growth, and revenue growth. [14] At the same time, the airline acquired its first McDonnell Douglas MD-80 jetliner. However, Allegiant ended this service in August 2009. Up to 15 opportunities a day. (800) 556-5014. Business hours. As of December 2021, Allegiant offers service to 133[78] destinations throughout the United States, mostly to smaller non-hub regional airports and all usually only a few times each week. In addition, secular revenue growth rates of the companies in these portfolios are frequently below market averages and their earnings tend to be more cyclical. [8], Allegiant Air opened a small hub in Long Beach, California (LGB) and in 2000 was operating nonstop flights to Fresno and Las Vegas in addition to Fresno-Las Vegas nonstop service. A total of 35 Airbus A319-100 aircraft in a high-density seating configuration, fitted with four overwing exits, were purchased from easyJet and Cebu Pacific. Aggressive Growth investors employ an extreme version of the growth style. As executive chairman, and the company's largest shareholder, Gallagher will continue to remain actively involved in the strategic direction of the company. Option for 50 additional aircraft. Scheduled service began on October 15, 1999, between Las Vegas and the airline's initial hub in Fresno . [6], By 2019, Allegiant Travel's primary subsidiary, Allegiant Air, had switched from a fleet predominately composed of MD-80s to one exclusively composed of Airbus jets. Examples include investors that hold a particularly high concentration of a single stock or a very small set of stocks, or specialize in convertible securities. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. The Allegiant Travel Company is an American travel and hospitality company that is the parent of Allegiant Air. The airline based two McDonnell Douglas MD-80 aircraft in Grand Rapids, but ended their airport's status in 2011. [64] For example, Allegiant rents ticket counters on an hourly basis and in Chattanooga, Tennessee, and Springfield, Missouri, many duties are handled by airport employees contracted to Allegiant. Zscaler: Analysts Raise the Bar for the AI Cloud Security Company, High-Quality, High-Yield Hormel Looks Tasty at These Levels. (Almost) Everything You Need To Know About The EV Market.
Insider Filings Direct beneficial ownership from most recently filed Forms 3, 4, and 5. "Other" is comprised of Institutions that are classified by as:

Broker-Dealers are usually trading facilitators rather than investors. The base was delayed as a result of the COVID-19 pandemic and opened in 2021. As a result, Income Value portfolios typically exhibit above average current income and low PE ratios.

Yield investors typically focus on buying companies with indicated dividend yields that are comfortably above the S&P 500 average and that are perceived to be able to continue making or increasing dividend payments over time. [84], In 2012, Allegiant announced that it would shift its primary aircraft from the MD-80 to the Airbus A320 family. Brea, CA 92821-5805. as of May 31 4:00:00 PM EST. Identifies buyers, sellers, and calculates net change by comparing current ownership to previously reported positions. Apple is expected to unveil a sleek, pricey headset. Save big when you bundle low airfare, hotels, and car rentals! Net Insider Buy/Sell (L12M) Ownership Be the first to know when ALGT insiders and whales buy or sell their stock. As a result, Index firms are often referred to as "passive" investors. Shares Is calculated by dividing the shares held by most recently reported total institutional ownership. His appointment to CEO follows more than five years as president of Allegiant, where he had responsibility for all commercial and operational aspects of the company. Signaturefd LLC now owns 955 shares of the transportation company's stock worth $65,000 after acquiring an additional 798 shares in the last quarter. Following the transaction, the chief marketing officer now owns 97,552 shares of the company's stock, valued at approximately $9,590,337.12. All rights reserved. These investors are often willing to pay premium PE multiples for highly sustainable businesses, strong management and consistent growth over the long term. Media information, including photos, is available athttp://gofly.us/iiFa303wrtF, Media Contact Phone: 702-800-2020Email: mediarelations@allegiantair.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/allegiant-travel-company-announces-executive-transition-301476241.html. Allegiant Travel Co engages in the provision of travel services. Identifies institutional investor ownership by investment style. In other news, CMO Scott Wayne Deangelo sold 707 shares of the stock in a transaction on Thursday, June 1st. [41][44] It also does not offer any connecting services, with customers only able to purchase non-stop itineraries on its website. The Allegiant Travel Company is headquartered in the Las Vegas suburb of Summerlin, Nevada and is publicly traded on the Nasdaq exchange under the stock ticker symbol, ALGT. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Most of those flights went to and from the hubs of Las Vegas or Orlando/Sanford, Florida. In January 2008, Allegiant opened its sixth base at Bellingham, Washington. [11], The Allegiant Travel Company also counts the golf course management software firm, Teesnap, as one of its subsidiaries. It sells package vacations under the brand name Allegiant Vacations. Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. "As a fifteen-year Allegiant board-member, and president of the company since 2016, no one understands the vision and strategic direction of Allegiant better than John. Other large investors also recently added to or reduced their stakes in the company. If I tried to charge you $110 up front, you wouldn't pay it. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Allegiant - Together We Fly TM. [20] In September 2019, the company unveiled a Golden Knights-themed plane that featured a livery with the team's logo. 1 Day ALGT 0.92% DJIA 1.00% S&P Mid Cap 400 0.95% Transportation/Logistics 0.86% Overview Company Info Allegiant Travel Co. Many times these investors are "forced" to own most if not all of the stocks in a given sector whether or not they are deemed appropriately valued. "[76] Other public records further revealed that Allegiant aircraft, on average, were nearly three and a half times more likely to have mid-air breakdowns than American, United, Delta, JetBlue and Spirit. Fundamental company data and analyst estimates provided by FactSet. Income Value investors are similar to those in the Core Value category except they are as interested in the dividend yield as they are in the low valuation ratios of the stocks they purchase. Overview News Allegiant Travel Co. [13] In March 2002, Allegiant entered into a long-term contract with Harrah's to provide charter services to its casinos in Laughlin and Reno, Nevada. Some investors in this category are known for agitating for changes such as new management, a merger, or the spin-off of a subsidiary. Allegiant Travel has a 52 week low of $62.94 and a 52 week high of $150.16. Dimensional Fund Advisors LP owned 1.96% of Allegiant Travel worth $24,533,000 as of its most recent SEC filing. [6], Allegiant aims primarily to serve leisure travelers, particularly those in colder northern climates, going to warm-weather tourist destinations such as Punta Gorda, Tampa Bay, Las Vegas, Orlando, Los Angeles, and Phoenix. Real-time analyst ratings, insider transactions, earnings data, and more. Allegiant was founded in 1997 and is wholly owned by Allegiant Travel Company, a publicly traded company with 4,000 employees and over US$2.6 billion market capitalization in 2016[update]. [92] These new aircraft would have fuel-efficient sharklets, and would seat 186 passengers, an increase over the 177 seats in the rest of the Allegiant A320 fleet, due to a smaller lavatory. Shares of Allegiant Travel stock opened at $104.69 on Friday. Renewed Analyst Sentiment for CBRE Group Stock: Buy the Dip? For "Global" investors which have more significant North American holdings, a specific style may be given which will apply primarily to the North American portion of the portfolio.

Sector Specific investors have the majority of their assets in a single major industry category. Is it the device VR has been looking for? The institutional investor owned 360,841 shares of the transportation company's stock after selling 26,176 shares during the period. [27] Since October 2015, the Federal Aviation Administration has kept Allegiant under close supervision. Petersburg as major hubs for the airline. Laser breakthrough could send stock soaring 2,467%, Get a free copy of the StockNews.com research report on Allegiant Travel (ALGT). Value is calculated for each holder by multiplying (closing stock price at the position date) * (share position). Updated June 28, 2019 - 4:51 pm Allegiant Air boss Maurice "Maury" Gallagher likes to do things differently. Summary Top Holders Shareholders * Insider values reflect direct beneficial ownership. Value is calculated for each institution by multiplying (closing stock price at the position date) * (share position). Dimensional Fund Advisors LP owned 1.96% of Allegiant Travel worth $24,533,000 as of its most recent SEC filing. It prefers to use smaller, secondary airports when those facilities charge smaller fees, such as Orlando Sanford International Airport and Phoenix-Mesa Gateway Airport, where Allegiant is now the only commercial carrier with year-round service. Thomson Reuters categorizes these portfolios based on its specific knowledge of the their historical investment behavior.

International - This style refers to those money managers investing the majority of their equity assets in stocks of companies domiciled outside of North America. * Investors with a full data subscription can access data for any fund and any ticker. Find the latest Allegiant Travel Company (ALGT) stock quote, history, news and other vital information to help you with your stock trading and investing. Javascript is disabled or is not supported by your browser. Quadrant Capital Group LLC now owns 757 shares of . Signaturefd LLC raised its holdings in shares of Allegiant Travel by 508.3% during the 4th quarter. Other subsidiaries include Sunseeker Resorts and Allegiant Nonstop. During the same quarter in the prior year, the company posted ($0.12) EPS. [5] The corporate headquarters are in Summerlin, Nevada, a suburb of Las Vegas. These investors are often willing to pay premium PE multiples for highly sustainable businesses, strong management and consistent growth over the long term.

Growth investors bridge the gap between the Aggressive Growth and Core Growth investment styles. Finally, Penserra Capital Management LLC raised its holdings in shares of Allegiant Travel by 20.0% during the 3rd quarter. As of March2023[update], the Allegiant fleet consisted of the following aircraft:[80]. But if I sell you a $75 ticket and you self-select the rest, you will. However, in recent years, it has purchased some new aircraft when it could negotiate particularly low prices. Nearly every firm that uses a hedge fund or market neutral style is legally organized as a hedge fund (and thus only open to accredited investors). Up to 15 opportunities a day. Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets. [12], Given the low initial purchase price, Allegiant is able to operate its aircraft at a lower duty cycle (seven flight hours per day on average versus 13 hours per day at JetBlue Airways), which helps keep labor costs lower. See what's happening in the market right now with MarketBeat's real-time news feed. Read More such as hotel rooms and shuttle, rental cars to its passengers. [13] Another Allegiant subsidiary, Game Plane, created an eponymous game show that was filmed on Allegiant Air flights, which ran during 2014 and 2015 on the Discovery Family Channel. The contractor was responsible for all other costs including fuel. ETF Sold Out Of Monster Energy, Three Ways To Look At It, View AI Chip Stock Showdown: The Biggest Winners and Losers. Mr. Redmond ALGT stock SEC Form 4 insiders trading Hedge Fund investors have the majority of their funds invested in some sort of market neutral strategy. More >> Environment, Social and Governance Report [46] In 2012, the U.S. Department of Transportation banned the practice as part of wider regulations that also require taxes and fees to be included in airfares. Gallagher also noted this transition will create opportunities for upward mobility within the company, further enabling continuity among executive management as Allegiant executes on its planned growth strategy. [58], In July 2018, Allegiant became the official airline of Minor League Baseball (MiLB). With low-low fares, nonstop, all-jet service and premier travel partners, Allegiant provides a complete travel experience with great value and without all the hassle. Allegiant Air offers cheap flights, hotel deals on vacation packages to top destinations. Several analysts have recently issued reports on the company. Who bought or sold Allegiant Travel Company this quarter? These portfolios typically exhibit price-to-earnings, price-to-book and price-to-cash flow multiples below the S&P 500. [3] Initially based out of Fresno, California, the company reorganized in 2000 with Maurice J. Gallagher Jr. gaining an almost 20 percent stake in the company. Maury Gallagher Maurice J. Gallagher Jr., also known as Maury Gallagher, is a commercial airline entrepreneur and current CEO and Chairman of Allegiant Travel Company. "Allegiant Travel: Announces Five New Routes With One-Way Fares As Low As $55", "Las Vegas-based Allegiant sets sights on no kidding Cuba", "Tiny Allegiant Air thrives by catering to small-town America", "Allegiant Air's parent files plan for IPO", "Allegiant nearly triples profits in third quarter", "Airline to offer new flight from Dayton to Florida", "Charlotte County welcomes Allegiant Sunseeker Resort", "Allegiant resuming construction of stalled Florida resort project", "Las Vegas-based Allegiant looks to sell major side business", "Onboard game show brings publicity, fun to Allegiant Air", "Allegiant Travel forms new information technology company", "2 new family fun centers provide twice the fun in Clearfield", "Allegiant cuts capacity and halts non-airline projects", "Allegiant unveils Raiders-themed plane in Las Vegas", "Allegiant Air files to trademark 'Allegiant Stadium' name", "MiLB, Allegiant Announce Credit Card Partnership", "Allegiant's Golden Knights plane to promote team in other markets", "Las Vegas-based Allegiant Air signs deal with Indianapolis Colts", "Allegiant named Official Airline of the Pac-12 Conference", https://en.wikipedia.org/w/index.php?title=Allegiant_Travel_Company&oldid=1128655697, Hospitality companies established in 1999, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 21 December 2022, at 07:44. Watch on Allegiant travel is a private company that is owned and operated by the Marnell family. The agreement includes club and stadium assets, game-day experience and more. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. [55], Allegiant also transports firefighters for the United States Forest Service as well as college basketball teams. Also, EVP Robert Paul Wilson III sold 1,000 shares of the stock in a transaction on Thursday, May 11th. ALLEGIANT AIR ROUTE MAP AS OF NOV 8TH 2010. The airline continues to fly out of Grand Rapids in a reduced capacity. When it opens, Allegiant will be poised to become the world's first vertically-integrated airline and leisure travel . ETF Sold Out Of Monster Energy, Three Ways To Look At It, AI Chip Stock Showdown: The Biggest Winners and Losers, Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Biden signs debt ceiling bill that pulls US back from brink of unprecedented default, Slow start to New York's legal pot market leaves farmers holding the bag, Russia bans 'unfriendly' countries' journalists from showpiece economic gathering. [48], Like Ryanair, the low-cost airline founded by Tony Ryan, whose family has also have invested in Allegiant, the airline seeks ancillary revenue to supplement ticket revenue. They would later serve 5 more, including Punta Gorda, Florida, Destin-Fort Walton Beach, Florida, and Phoenix-Mesa, Arizona. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Performance & security by Cloudflare. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Corporate Profile We appreciate your interest in Allegiant. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Style is a quantitative and qualitative assessment assigned by Thomson Reuters. Incorporated and its affiliates from time to time perform investment banking and other financial services for the Company and its affiliates for which they receive customary fees and expenses. Key Stock Data P/E Ratio (TTM) 27.35 (. [49], The airline also seeks to maintain a low operating cost at airports. [9] Later in 2000, Allegiant continued to expand and was operating the only nonstop jet service between Lake Tahoe Airport and Long Beach Airport in addition to operating new flights into Portland, Oregon and Reno with Portland-Reno and Reno-Fresno nonstops and direct one-stop service between Portland and Fresno via Reno. [95][96][81], Media related to Allegiant Air at Wikimedia Commons. [22] In November 2011, Allegiant closed its Long Beach facility and consolidated all Los Angeles area flights at Los Angeles International (LAX). Allegiant Travel Company's next quarterly payment date is on Mar 12, 2020, when Allegiant Travel Company shareholders who owned ALGT shares before Feb 28, 2020 received a dividend payment of $0.7 per share. Visit Website. "I am thrilled to announce John Redmond as the next CEO of Allegiant," Gallagher said. Add alert for ALGT Ticker: ALGT CUSIP Number: 01748X102 Tip: Access positions for across all investors The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation, and other airline-related revenue. This story was reviewed by MarketBeat's editorial team prior to publication. Analyze quarterly positions in Allegiant Travel Company with up to 7 years of data, all consolidated into one spreadsheet. In June 2001, Gallagher restructured Allegiant to a low-cost model, focusing on smaller markets that larger airlines did not serve with mainline aircraft. A veteran leader of low-cost airlines, Gallagher had worked with WestAir and was one of the founders of ValuJet Airlines. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Identifies institutional investor ownership by global region according to the most recent, publicly available data available to Thomson Reuters. Specialty - This category encompasses a range of styles that are not based on the financial fundamentals of the stocks in the portfolio relative to the overall market. 2023 Allegiant Travel Company. This is a more conservative investment style in comparison to an outright growth-oriented strategy. The company has arrangements with 34 hotels in Las Vegas and 21 in the Orlando and Daytona Beach, Florida, areas. [28][29][30], In July 2015, Allegiant Air announced that bases would be established at the Asheville Regional Airport and Cincinnati/Northern Kentucky International Airport. At the start of operations in the late 1990s, Allegiant purchased McDonnell Douglas DC-9 jets, which it operated until 2002, when they were replaced by the McDonnell Douglas MD-80. [93], On October 31, 2017, the final 757 was retired from service, and in November 2018, the last MD-80s operated by Allegiant were retired. The stock was sold at an average price of $98.31, for a total transaction of $69,505.17. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. This data is downloadable for data subscribers. Other investors often consider positions held by venture capitalists as an "overhang" on the stock of a publicly traded company since VCs will typically dispose of their holdings of public companies during the first few years following an IPO. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Dimensional Fund Advisors LP cut its holdings in Allegiant Travel (NASDAQ:ALGT - Get Rating) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Allegiant's parent company also announced that it had purchased 18 additional used MD-80 aircraft from Scandinavian Airlines. 326 E 8th St #105, Sioux Falls, SD 57103 Allegiant Travel (NASDAQ:ALGT - Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. [6], Allegiant Air was founded in January 1997 by Mitch Allee (owner, CEO), Jim Patterson (president) and Dave Beadle (chief pilot) under the name WestJet Express. About Allegiant From America's favorite small cities to world-class destinations, Allegiant makes leisure travel affordable and convenient. [21], Allegiant is also the official domestic airline partner of the Vegas Golden Knights. Ultra low-cost carrier of the United States, This article is about the airline based in the United States, which was previously known as WestJet Express. In August 2019, Allegiant was awarded the naming rights for the home of the Las Vegas Raiders and the UNLV Rebels football team, Allegiant Stadium. 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Value ($MM) The sum of holder positions of the given style. [23], In March 2010, Allegiant purchased six used Boeing 757-200 jetliners as part of plans to begin flights to Hawaii, with deliveries from early 2010 to the fourth quarter of 2011. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Allegiant also offers its popular Fan Flyaway Program to FCC fans. View A.I. Significant News Only 09/02/22 The Wall Street Journal Your Flight Is Canceled. The Allegiant Travel Company is an American travel and hospitality company that is the parent of Allegiant Air. Prior to Allegiant, he co-founded and invested in WestAir and ValuJet. Add ALGT to your watchlist to be reminded of ALGT's next dividend payment. 3/31/2023: RHEOS CAPITAL WORKS, INC. (INVES. Core Value investors focus on buying companies at relatively low valuations on an absolute basis, in relation to the market or its peers, or in comparison to an individual stock's historical levels. [12][16] Known as Allegiant Nonstop, the company closed the centers in 2020.[17]. The Allegiant Travel Company was founded in 1999[1] as the parent company of Allegiant Air,[2] which itself had been founded in 1997. The transportation company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.29 by $0.75. Some investors in this category are known for agitating for changes such as new management, a merger, or the spin-off of a subsidiary. American Consumer News, LLC dba MarketBeat 2010-2023. US Global Investors, Inc. (Asset Management), Macquarie Investment Management Business Trust. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. It provides scheduled service air transportation on limited-frequency flights primarily between under-served cities and popular leisure destinations, air-related ancillary products and services, and fixed-fee contract air transportation, through its airline operating subsidiary Allegiant Air. Deliveries begin in 2023. "Growth" is comprised of Institutions that are classified as:

Aggressive Growth investors employ an extreme version of the growth style. Dennis Schaal Share Allegiant Travel, the flight and leisure trip package seller, appointed its current president, John Redmond, as the company's new CEO beginning June 1. In the fall of 2001, Allegiant exited bankruptcy and the case was officially closed in early 2002. It operates through the following segments: Airline, Sunseeker Resort, and Other non-Airline. You can email the site owner to let them know you were blocked. On July 17, 2008, Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Company (the "Company") received a notice of termination from MLT Vacations under which the Charter Services Agreement between the parties will be terminated effective as of October 20, 2008. "[51], Allegiant also earns commissions by offering hotel rooms, car rentals and admission to tourist attractions on its website. 1201 North Town Center Drive Las Vegas Nevada 89144 United States. [7], Allegiant Air was founded in 1997[3] and is the ninth-largest commercial airline in the United States as of January 2020. [10] Construction on the project was initially halted due to the COVID-19 pandemic, but resumed in 2021 with plans for the 500 room, 180 extended-stay suite resort. [73] Allegiant Air proclaims the FAA gave them a clean bill of health after the 2016 audit. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. [57] These contracts ended in December 2012 when Caesars Entertainment signed a new contract with Republic Airways to provide the charter service to Caesars properties in Atlantic City, New Jersey, Tunica, Mississippi, and Laughlin, Nevada. Today, Allegiant's fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. Airline", "Allegiant profits by catering to passengers in small areas", "Allegiant Air adds Mesa airport as a hub", "Canadians Crowd U.S. Redmond currently serves on the board of directors of Vail Resorts Inc. Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart,focused on connecting customers with the people, places and experiences that matter most. The airline's plan is to bring its passengers to a wholly-owned and operated resort complex in Port Charlotte near Punta Gorda airport (PGD) just outside of Ft. Myers. In January 2020, Allegiant became the official airline of the Indianapolis Colts. Since their portfolio exposure is linked to a single sector, their performance is usually measured against an index that is pertinent only to that industry. View What Should Investors Make of These 3 Dividend Cuts? Broker-Dealers are usually trading facilitators rather than investors. Allegiant's headquarters and operations were also moved to Las Vegas.[12]. For the airline based in Canada, see, 2020: Activities and income in fiscal 2020 were severely reduced by the impact of the, Cincinnati/Northern Kentucky International Airport, Minneapolis-St. Paul International Airport, United States Court of Appeals for the District of Columbia Circuit, "Federal Aviation Administration - Airline Certificate Information - Detail View", "Allegiant to invest $50M by basing 2 Airbus planes at McGhee Tyson, will create 66 jobs", "Allegiant Travel Company Stock Quote & Summary Data", "Vegas-based Allegiant Air finds new home in Summerlin", "Potential Strike on Tap for Allegiant Air", "Allegiant Air files for bankruptcy protection", "Allegiant Air to Provide Charters for Harrah's", "Allegiant Travel: This Ultra-Low Cost Carrier Can Fly Even Higher", "Allegiant to open base at Bellingham International Airport", "Allegiant Air's parent purchasing 18 planes", "Allegiant Airlines to close its Grand Rapids base, reduce destinations", "Frontier, Allegiant to fly from Long Beach", "Allegiant Air begins service to Long Beach", "Allegiant Air to halt service from Long Beach Airport", "Allegiant to acquire 757s for service to Hawaii", "Allegiant plans to fly to Hawaii by summer 2012", "Allegiant Air to discontinue service between US mainland, Hawaii", "Allegiant Air under tight scrutiny after FAA finds loose bolts in jets", "Allegiant airworthiness called into question", "Allegiant Sets up Bases at Asheville and Cincinnati", "Allegiant Air: The budget airline flying under the radar", "Allegiant Air announces new opening date for its Des Moines base after pandemic delay", "Allegiant Announces New Aircraft And Crew Bases In Appleton, Wisconsin and Flint, Michigan", "Discount Airlines Allegiant and Viva Aerobus Seek Profit-Sharing Alliance", "Annual Report 2018 Allegiant Travel Company", "Annual Report 2020 Allegiant Travel Company", "Low-cost airline helps Gateway buck trends", "Allegiant: The Other Profitable U.S. Well as college basketball teams consolidated into one spreadsheet relatively low, exited... 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