WINTON GROUP Ltd lowered its holdings in Allegiant Travel (NASDAQ:ALGT - Free Report) by 77.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,687 shares of the transportation company's stock after selling 55,113 shares during the quarter. WINTON GROUP Ltd owned about 0.09% of Allegiant Travel worth $1,476,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intech Investment Management LLC bought a new position in shares of Allegiant Travel in the third quarter valued at approximately $450,000. Charles Schwab Investment Management Inc. boosted its holdings in Allegiant Travel by 41.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company's stock worth $14,176,000 after acquiring an additional 75,486 shares during the last quarter. Algert Global LLC bought a new stake in shares of Allegiant Travel in the 3rd quarter worth $579,000. PEAK6 Investments LLC purchased a new stake in shares of Allegiant Travel in the third quarter valued at about $382,000. Finally, Paloma Partners Management Co bought a new position in shares of Allegiant Travel during the third quarter valued at about $1,004,000. Institutional investors own 85.81% of the company's stock.
Wall Street Analyst Weigh In
ALGT has been the subject of several analyst reports. TD Cowen increased their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. Bank of America boosted their price objective on Allegiant Travel from $54.00 to $95.00 and gave the stock an "underperform" rating in a research report on Friday, January 17th. Raymond James upped their price objective on Allegiant Travel from $75.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, December 30th. Barclays boosted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, UBS Group decreased 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $84.60.
Get Our Latest Stock Analysis on Allegiant Travel
Allegiant Travel Stock Performance
Allegiant Travel stock traded down $0.80 during mid-day trading on Tuesday, reaching $50.85. The company's stock had a trading volume of 435,976 shares, compared to its average volume of 409,404. The company has a market capitalization of $932.49 million, a P/E ratio of -3.80 and a beta of 1.64. The firm's fifty day moving average price is $75.22 and its two-hundred day moving average price is $74.67. Allegiant Travel has a 12-month low of $36.09 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.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly 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 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 EPS for the current fiscal year.
About Allegiant Travel
(
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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