Emerald Advisers LLC purchased a new stake in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 236,460 shares of the transportation company's stock, valued at approximately $22,256,000. Emerald Advisers LLC owned about 1.29% of Allegiant Travel as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Crews Bank & Trust purchased a new stake in Allegiant Travel during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in shares of Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock worth $43,000 after purchasing an additional 223 shares in the last quarter. Signaturefd LLC increased its position in shares of Allegiant Travel by 30.3% during the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after purchasing an additional 138 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock valued at $64,000 after purchasing an additional 236 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Allegiant Travel in the 4th quarter worth $75,000. 85.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ALGT has been the topic of several recent analyst reports. Raymond James upped their target price on Allegiant Travel from $75.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, December 30th. 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 research report on Thursday, March 20th. Barclays boosted their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $84.60.
Get Our Latest Report on Allegiant Travel
Allegiant Travel Stock Performance
NASDAQ ALGT traded down $1.02 on Thursday, reaching $54.90. 342,896 shares of the company's stock traded hands, compared to its average volume of 401,406. The stock has a 50 day moving average price of $78.33 and a 200-day moving average price of $73.99. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -4.11 and a beta of 1.64. 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 fifty-two week low of $36.09 and a fifty-two week high of $107.57.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping analysts' consensus estimates 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%. Equities research 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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