Allegiant Travel (NASDAQ:ALGT) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its position in Allegiant Travel (NASDAQ:ALGT - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,548 shares of the transportation company's stock after acquiring an additional 6,281 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Allegiant Travel worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALGT. Nisa Investment Advisors LLC grew its holdings in Allegiant Travel by 1,614.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock worth $849,000 after acquiring an additional 8,491 shares in the last quarter. State Street Corp raised its holdings in shares of Allegiant Travel by 1.7% in the 3rd quarter. State Street Corp now owns 608,977 shares of the transportation company's stock valued at $33,530,000 after purchasing an additional 10,050 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Allegiant Travel by 18.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company's stock valued at $28,673,000 after purchasing an additional 47,186 shares in the last quarter. US Bancorp DE raised its holdings in shares of Allegiant Travel by 575.4% in the 4th quarter. US Bancorp DE now owns 5,025 shares of the transportation company's stock valued at $473,000 after purchasing an additional 4,281 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Allegiant Travel in the 4th quarter valued at $383,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Susquehanna reduced their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group raised their price objective on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Raymond James upgraded shares of Allegiant Travel from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from $125.00 to $90.00 in a report on Wednesday, April 2nd. StockNews.com raised shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. Finally, Bank of America dropped their target price 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Allegiant Travel presently has an average rating of "Hold" and a consensus price target of $67.00.

Allegiant Travel Stock Performance

Allegiant Travel stock traded up $5.23 during midday trading on Wednesday, hitting $46.95. 152,807 shares of the company's stock were exchanged, compared to its average volume of 441,189. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $107.57. 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 stock has a market cap of $860.97 million, a price-to-earnings ratio of -3.51 and a beta of 1.57. The firm's 50 day simple moving average is $58.26 and its 200 day simple moving average is $73.91.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Allegiant Travel will post 7.7 EPS for the current year.

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.