Barclays PLC Increases Stock Position in Allegiant Travel (NASDAQ:ALGT)

Barclays PLC increased its position in Allegiant Travel (NASDAQ:ALGT - Free Report) by 136.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,876 shares of the transportation company's stock after buying an additional 18,421 shares during the quarter. Barclays PLC owned 0.17% of Allegiant Travel worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. XTX Topco Ltd increased its position in Allegiant Travel by 15.0% in the 3rd quarter. XTX Topco Ltd now owns 17,491 shares of the transportation company's stock valued at $963,000 after acquiring an additional 2,279 shares during the period. State Street Corp increased its holdings in Allegiant Travel by 1.7% in the third 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 during the period. Stifel Financial Corp bought a new position in Allegiant Travel during the 3rd quarter worth $210,000. Hauser Brothers GmbH raised its position in Allegiant Travel by 73.0% during the 3rd quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company's stock worth $1,305,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Allegiant Travel during the 3rd quarter worth about $1,004,000. Institutional investors own 85.81% of the company's stock.

Insiders Place Their Bets

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the transaction, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares of the company's stock, valued at approximately $1,025,169.57. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,600 shares of company stock worth $2,476,465. Corporate insiders own 15.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Susquehanna raised their price objective on Allegiant Travel from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Barclays raised their price target on shares of Allegiant Travel from $50.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Allegiant Travel from $80.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of Allegiant Travel from a "hold" rating to a "sell" rating in a report on Friday. Finally, TD Cowen upped their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a "hold" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $68.00.

Allegiant Travel Stock Down 0.3 %

Shares of ALGT traded down $0.30 during trading hours on Friday, hitting $91.11. The stock had a trading volume of 226,431 shares, compared to its average volume of 366,945. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $94.45. The firm has a market capitalization of $1.67 billion, a P/E ratio of -60.74, a price-to-earnings-growth ratio of 7.17 and a beta of 1.67. The firm has a 50 day simple moving average of $76.68 and a 200-day simple moving average of $58.08. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.

About Allegiant Travel

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.