BlackRock Discloses 7.3% Stake in Allegiant Travel Co.
Ticker: ALGT · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1362468
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, airline
Related Tickers: ALGT
TL;DR
**BlackRock still owns a big chunk of Allegiant, showing continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of Allegiant Travel Company (NASDAQ: ALGT) common stock as of December 31, 2023. This filing indicates BlackRock's continued significant, but passive, investment in Allegiant, holding 1,328,092 shares, representing 7.3% of the company's outstanding common stock. This matters to investors because it shows a major institutional investor maintains a substantial stake, potentially signaling confidence in Allegiant's long-term prospects, even if their percentage ownership has slightly decreased from previous filings.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Allegiant, which can influence investor perception and stock stability. A large, passive stake from a firm like BlackRock often suggests a belief in the company's fundamental value.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate financial risk or significant change in company control.
Analyst Insight
Investors should note BlackRock's continued substantial, passive ownership as a sign of institutional confidence, but recognize this is a routine update and not an active investment signal. It's a data point for long-term holders rather than a short-term trading catalyst.
Key Numbers
- 1,328,092 — Shares Beneficially Owned (Represents BlackRock's total holdings in Allegiant Travel Company.)
- 7.3% — Percentage of Class (Indicates BlackRock's significant, but non-controlling, stake in Allegiant.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Allegiant Travel Company (company) — the subject company whose securities are being reported
- 1,328,092 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock
- 7.3% (dollar_amount) — percentage of Allegiant Travel Company's common stock beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Allegiant Travel Company for the foreseeable future. (BlackRock, Inc.) — high confidence, target: 2025-12-31
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is BlackRock, Inc., as stated in item (1) of the Schedule 13G cover page.
What is the name of the issuer whose securities are being reported?
The issuer is ALLEGIANT TRAVEL COMPANY, as specified under 'Name of Issuer' in the Schedule 13G.
What type of securities are covered by this filing?
The filing covers 'Common Stock' of Allegiant Travel Company, as indicated under 'Title of Class of Securities'.
As of what date did the event requiring this filing occur?
The event which required the filing of this statement occurred on December 31, 2023, as stated under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities reported?
The CUSIP number for the securities is 01748X102, as listed in the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Allegiant Travel CO (ALGT).