Bank of New York Mellon Corp lowered its position in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,040 shares of the transportation company's stock after selling 17,797 shares during the quarter. Bank of New York Mellon Corp owned 0.75% of Allegiant Travel worth $12,898,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in ALGT. Crews Bank & Trust purchased a new position in Allegiant Travel during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in shares of Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock valued at $64,000 after buying an additional 236 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Allegiant Travel during the third quarter valued at approximately $210,000. PEAK6 Investments LLC bought a new stake in shares of Allegiant Travel during the third quarter valued at approximately $382,000. Finally, Intech Investment Management LLC bought a new stake in shares of Allegiant Travel during the third quarter valued at approximately $450,000. Hedge funds and other institutional investors own 85.81% of the company's stock.
Allegiant Travel Stock Performance
ALGT traded up $0.74 during trading on Friday, reaching $54.23. 1,135,966 shares of the company's stock were exchanged, compared to its average volume of 393,143. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The stock has a market capitalization of $994.47 million, a P/E ratio of -4.06 and a beta of 1.64. The company's fifty day simple moving average is $86.46 and its 200-day simple moving average is $73.38.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping 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 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ALGT shares. Bank of America lifted their price objective on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an "underperform" rating in a research report on Friday, January 17th. StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Susquehanna boosted their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley boosted their price target on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $80.10.
Check Out Our Latest Stock Report on Allegiant Travel
Allegiant Travel Company Profile
(
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.
Recommended Stories
Before you consider Allegiant Travel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegiant Travel wasn't on the list.
While Allegiant Travel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
