Hauser Brothers GmbH Has $3.82 Million Stake in Allegiant Travel (NASDAQ:ALGT)

Hauser Brothers GmbH boosted its holdings in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,600 shares of the transportation company's stock after buying an additional 16,900 shares during the quarter. Allegiant Travel accounts for 2.7% of Hauser Brothers GmbH's investment portfolio, making the stock its 8th largest position. Hauser Brothers GmbH owned approximately 0.22% of Allegiant Travel worth $3,821,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in Allegiant Travel in the fourth quarter valued at $25,000. Jones Financial Companies Lllp grew its holdings in Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after purchasing an additional 223 shares during the period. Sterling Capital Management LLC raised its position in shares of Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after buying an additional 442 shares during the period. Signaturefd LLC raised its holdings in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after purchasing an additional 138 shares during the period. Finally, GAMMA Investing LLC grew its stake in Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock worth $64,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 85.81% of the company's stock.

Allegiant Travel Stock Up 3.0 %

Shares of ALGT traded up $1.36 during trading hours on Thursday, reaching $46.97. The company's stock had a trading volume of 265,303 shares, compared to its average volume of 425,846. The company has a 50 day moving average of $56.78 and a two-hundred day moving average of $73.65. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The firm has a market cap of $861.34 million, a price-to-earnings ratio of -3.51 and a beta of 1.57. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, research analysts predict that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Morgan Stanley increased their target price on Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Barclays decreased their price objective on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Bank of America dropped their price target on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Finally, Susquehanna lowered their target price on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $67.00.

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.