Barclays PLC lifted its holdings in Allegiant Travel (NASDAQ:ALGT - Free Report) by 136.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,876 shares of the transportation company's stock after buying an additional 18,421 shares during the period. Barclays PLC owned approximately 0.17% of Allegiant Travel worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Donald Smith & CO. Inc. boosted its holdings in Allegiant Travel by 166.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 826,326 shares of the transportation company's stock valued at $41,506,000 after purchasing an additional 516,545 shares during the last quarter. U S Global Investors Inc. increased its stake in Allegiant Travel by 51.9% during the third quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company's stock worth $40,823,000 after acquiring an additional 253,198 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Allegiant Travel in the second quarter valued at $8,959,000. Millennium Management LLC lifted its stake in shares of Allegiant Travel by 779.8% in the 2nd quarter. Millennium Management LLC now owns 169,459 shares of the transportation company's stock valued at $8,512,000 after purchasing an additional 150,197 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Allegiant Travel during the 3rd quarter worth $63,540,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ALGT shares. Barclays boosted their price objective on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. The Goldman Sachs Group reissued a "neutral" rating and issued a $83.00 price target on shares of Allegiant Travel in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. UBS Group started coverage on Allegiant Travel in a research report on Tuesday, November 26th. They issued a "neutral" rating and a $16.00 target price on the stock. Finally, Evercore ISI upped their price target on Allegiant Travel from $60.00 to $65.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Allegiant Travel has an average rating of "Hold" and a consensus price target of $74.11.
Read Our Latest Analysis on ALGT
Insiders Place Their Bets
In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following 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 represents a 3.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business's stock in a transaction on 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 transaction, the chairman now owns 2,147,730 shares of the company's stock, valued at approximately $181,397,275.80. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,304 shares of company stock worth $2,459,900 in the last quarter. 15.80% of the stock is owned by company insiders.
Allegiant Travel Stock Up 1.7 %
Shares of Allegiant Travel stock traded up $1.64 during trading hours on Friday, reaching $100.94. 341,873 shares of the company were exchanged, compared to its average volume of 305,762. The firm has a market cap of $1.85 billion, a PE ratio of -67.29, a PEG ratio of 7.17 and a beta of 1.62. 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 has a 1 year low of $36.08 and a 1 year high of $101.71. The stock's fifty day moving average is $83.32 and its 200 day moving average is $61.20.
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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