Donald Smith & CO. Inc. Purchases 24,975 Shares of Allegiant Travel (NASDAQ:ALGT)

Donald Smith & CO. Inc. increased its holdings in Allegiant Travel (NASDAQ:ALGT - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,018,449 shares of the transportation company's stock after acquiring an additional 24,975 shares during the quarter. Allegiant Travel comprises approximately 2.3% of Donald Smith & CO. Inc.'s portfolio, making the stock its 17th biggest position. Donald Smith & CO. Inc. owned 5.55% of Allegiant Travel worth $95,856,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ALGT. Signaturefd LLC lifted its stake in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock valued at $56,000 after purchasing an additional 138 shares during the period. SeaCrest Wealth Management LLC lifted its position in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company's stock valued at $584,000 after buying an additional 200 shares during the period. Jones Financial Companies Lllp lifted its position in Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after buying an additional 223 shares during the period. GAMMA Investing LLC grew its position in shares of Allegiant Travel by 53.5% in the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock worth $64,000 after buying an additional 236 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of Allegiant Travel in the 4th quarter worth about $25,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms recently commented on ALGT. UBS Group dropped their price objective on shares of Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday. TD Cowen upped their price target on Allegiant Travel from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Bank of America lowered their price objective on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. StockNews.com raised Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group lifted their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $71.00.

Allegiant Travel Stock Performance

NASDAQ:ALGT traded down $1.30 during mid-day trading on Tuesday, reaching $44.63. The company's stock had a trading volume of 190,847 shares, compared to its average volume of 413,021. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The stock has a market cap of $818.33 million, a P/E ratio of -3.34 and a beta of 1.57. The firm's fifty day moving average price is $70.88 and its two-hundred day moving average price is $74.86. Allegiant Travel has a 12-month low of $36.09 and a 12-month high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings data 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 negative net margin of 9.56% and a positive return on equity of 3.33%. On average, equities analysts forecast that Allegiant Travel will post 7.7 EPS for the current fiscal year.

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.