Prudential Financial Inc. Has $4.56 Million Stock Holdings in Allegiant Travel (NASDAQ:ALGT)

Prudential Financial Inc. decreased its position in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,492 shares of the transportation company's stock after selling 10,050 shares during the quarter. Prudential Financial Inc. owned approximately 0.26% of Allegiant Travel worth $4,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Allegiant Travel during the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its position in Allegiant Travel by 94.5% in 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 during the period. Signaturefd LLC raised its holdings in Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after purchasing an additional 138 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Allegiant Travel in the 4th quarter valued at about $75,000. 85.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Allegiant Travel from $93.00 to $61.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Barclays upped their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Raymond James raised Allegiant Travel from an "outperform" rating to a "strong-buy" rating and decreased their price objective for the stock from $125.00 to $90.00 in a research note on Wednesday. Susquehanna upped their price objective on Allegiant Travel from $60.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Bank of America reduced their target price on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $78.10.

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Allegiant Travel Stock Down 4.4 %

Shares of NASDAQ ALGT traded down $2.16 during mid-day trading on Friday, reaching $46.55. 701,000 shares of the company's stock were exchanged, compared to its average volume of 412,688. 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 business has a fifty day simple moving average of $72.05 and a 200 day simple moving average of $74.62. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The firm has a market capitalization of $853.63 million, a price-to-earnings ratio of -3.48 and a beta of 1.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping 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%. As a group, equities analysts expect that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Allegiant Travel Company Profile

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.