Vanguard Group Inc. cut its stake in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,648,849 shares of the transportation company's stock after selling 24,192 shares during the quarter. Vanguard Group Inc. owned approximately 8.99% of Allegiant Travel worth $155,190,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ALGT. LPL Financial LLC increased its position in Allegiant Travel by 61.2% in the fourth quarter. LPL Financial LLC now owns 16,548 shares of the transportation company's stock worth $1,558,000 after buying an additional 6,281 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Allegiant Travel in the 4th quarter worth about $75,000. Sei Investments Co. lifted its position in Allegiant Travel by 68.1% in the 4th quarter. Sei Investments Co. now owns 18,908 shares of the transportation company's stock valued at $1,780,000 after purchasing an additional 7,657 shares during the last quarter. American Century Companies Inc. boosted its stake in Allegiant Travel by 14.8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company's stock valued at $53,114,000 after purchasing an additional 72,759 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in Allegiant Travel in the 4th quarter worth about $205,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
Allegiant Travel Price Performance
Shares of NASDAQ:ALGT traded up $0.13 on Friday, reaching $46.51. 314,206 shares of the company traded hands, compared to its average volume of 418,733. The stock has a market capitalization of $852.90 million, a PE ratio of -3.48 and a beta of 1.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The company's 50 day moving average is $64.25 and its 200-day moving average is $74.45. 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 announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ALGT has been the subject of several analyst reports. Susquehanna reduced their price objective on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Raymond James upgraded Allegiant Travel from an "outperform" rating to a "strong-buy" rating and reduced their price target for the stock from $125.00 to $90.00 in a research report on Wednesday, April 2nd. Barclays lowered their price target on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday. The Goldman Sachs Group upped their price objective 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, UBS Group lowered their target price 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, April 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of "Hold" and an average target price of $67.00.
View Our Latest Report on ALGT
Allegiant Travel Company Profile
(
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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