Allegiant Travel (NASDAQ:ALGT) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Allegiant Travel (NASDAQ:ALGT - Free Report) by 1,614.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,017 shares of the transportation company's stock after purchasing an additional 8,491 shares during the period. Nisa Investment Advisors LLC's holdings in Allegiant Travel were worth $849,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC grew its stake in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company's stock valued at $584,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock worth $64,000 after purchasing an additional 236 shares during the last quarter. Signaturefd LLC lifted its position in shares of Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company's stock worth $25,000 after buying an additional 273 shares in the last quarter. Privium Fund Management UK Ltd raised its holdings in shares of Allegiant Travel by 3.5% during the 3rd quarter. Privium Fund Management UK Ltd now owns 10,549 shares of the transportation company's stock worth $581,000 after acquiring an additional 358 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Allegiant Travel by 8.1% during the third quarter. Inspire Investing LLC now owns 7,490 shares of the transportation company's stock valued at $412,000 after purchasing an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company's stock.

Wall Street Analysts Forecast Growth

ALGT has been the topic of several analyst reports. TD Cowen boosted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Wolfe Research downgraded Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Susquehanna lifted their price objective on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Evercore ISI upped their target price on Allegiant Travel from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group raised their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $79.60.

Allegiant Travel Stock Down 1.8 %

Shares of ALGT traded down $1.89 during mid-day trading on Friday, hitting $102.17. The company's stock had a trading volume of 165,307 shares, compared to its average volume of 280,502. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $107.57. The company's 50-day moving average is $91.65 and its 200-day moving average is $66.30. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -68.11, a PEG ratio of 1.37 and a beta of 1.62. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Insider Transactions at Allegiant Travel

In related news, Director Sandra Douglass Morgan sold 350 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares of the company's stock, valued at $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the transaction, the chairman now directly owns 2,147,730 shares of the company's stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.80% of the company's stock.

Allegiant Travel 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.