Jump Financial LLC Acquires 2,088 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN)

Jump Financial LLC grew its holdings in Allison Transmission Holdings, Inc. (NYSE:ALSNFree Report) by 37.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,700 shares of the auto parts company’s stock after purchasing an additional 2,088 shares during the period. Jump Financial LLC’s holdings in Allison Transmission were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Allison Transmission by 64.9% in the second quarter. Signaturefd LLC now owns 460 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Global Retirement Partners LLC boosted its position in Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares during the period. ICA Group Wealth Management LLC bought a new position in Allison Transmission during the fourth quarter worth $25,000. IFP Advisors Inc boosted its position in Allison Transmission by 1,538.6% during the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 677 shares during the period. Finally, CWM LLC boosted its position in Allison Transmission by 115.6% during the second quarter. CWM LLC now owns 817 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 438 shares during the period. 96.57% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Allison Transmission stock opened at $61.70 on Friday. The business has a 50 day moving average of $58.09 and a 200-day moving average of $57.58. Allison Transmission Holdings, Inc. has a 1 year low of $41.61 and a 1 year high of $62.06. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.41 and a quick ratio of 1.86. The company has a market capitalization of $5.52 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.26 and a beta of 0.97.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Allison Transmission from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $70.00 in a research report on Monday, October 16th. Morgan Stanley assumed coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 target price for the company. Finally, StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $58.00.

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Allison Transmission Company Profile

(Free Report)

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Institutional Ownership by Quarter for Allison Transmission (NYSE:ALSN)

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