112,485 Shares in Allegiant Travel (NASDAQ:ALGT) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in Allegiant Travel (NASDAQ:ALGT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 112,485 shares of the transportation company's stock, valued at approximately $6,193,000. Allegiant Travel accounts for about 0.6% of Landscape Capital Management L.L.C.'s holdings, making the stock its 21st largest holding. Landscape Capital Management L.L.C. owned about 0.62% of Allegiant Travel at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its stake in Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company's stock valued at $25,000 after purchasing an additional 273 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company's stock valued at $29,000 after buying an additional 304 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Allegiant Travel in the 2nd quarter valued at about $34,000. CWM LLC lifted its stake in shares of Allegiant Travel by 275.1% in the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company's stock valued at $64,000 after purchasing an additional 930 shares during the last quarter. Finally, NBC Securities Inc. increased its position in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company's stock valued at $69,000 after purchasing an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company's stock.

Insider Buying and Selling

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the transaction, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Ellmer sold 1,000 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the director now owns 7,490 shares in the company, valued at $337,050. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,931 shares of company stock valued at $101,372 over the last 90 days. Corporate insiders own 15.80% of the company's stock.

Allegiant Travel Trading Up 2.7 %

NASDAQ ALGT opened at $72.70 on Thursday. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -48.47, a price-to-earnings-growth ratio of 6.42 and a beta of 1.61. The company's 50-day simple moving average is $59.84 and its two-hundred day simple moving average is $52.21.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALGT. The Goldman Sachs Group restated a "neutral" rating and issued a $83.00 price target on shares of Allegiant Travel in a research report on Friday, November 15th. TD Cowen lifted their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Wolfe Research lowered shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Barclays raised their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Finally, Susquehanna increased their price target on Allegiant Travel from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $70.11.

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.

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