Brandywine Global Investment Management LLC cut its stake in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 63.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,213 shares of the transportation company's stock after selling 98,623 shares during the period. Brandywine Global Investment Management LLC owned about 0.31% of Allegiant Travel worth $5,291,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in shares of Allegiant Travel by 1,614.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock worth $849,000 after purchasing an additional 8,491 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Allegiant Travel by 41.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company's stock worth $14,176,000 after buying an additional 75,486 shares during the period. Hauser Brothers GmbH increased its stake in Allegiant Travel by 73.0% in the 3rd quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company's stock worth $1,305,000 after buying an additional 10,000 shares in the last quarter. State Street Corp raised its holdings in Allegiant Travel by 1.7% during the third quarter. State Street Corp now owns 608,977 shares of the transportation company's stock valued at $33,530,000 after acquiring an additional 10,050 shares during the period. Finally, US Bancorp DE lifted its position in shares of Allegiant Travel by 575.4% in the fourth quarter. US Bancorp DE now owns 5,025 shares of the transportation company's stock valued at $473,000 after acquiring an additional 4,281 shares in the last quarter. Institutional investors own 85.81% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on ALGT. StockNews.com raised Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. UBS Group cut their price objective on shares of Allegiant Travel from $93.00 to $61.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. TD Cowen boosted their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Barclays raised their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, Bank of America decreased 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 note on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Allegiant Travel presently has an average rating of "Hold" and an average target price of $78.10.
Read Our Latest Stock Report on Allegiant Travel
Allegiant Travel Trading Down 4.4 %
NASDAQ ALGT traded down $2.16 during trading on Friday, hitting $46.55. The stock had a trading volume of 701,000 shares, compared to its average volume of 412,688. The stock has a market capitalization of $853.63 million, a price-to-earnings ratio of -3.48 and a beta of 1.57. The stock has a 50 day simple moving average of $72.05 and a 200 day simple moving average of $74.84. Allegiant Travel has a one year low of $36.09 and a one year 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.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Sell-side analysts predict that Allegiant Travel will post 7.7 earnings per share for the current year.
Allegiant Travel Company Profile
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Free Report)
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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