BNP Paribas Financial Markets Has $200,000 Holdings in Allegiant Travel (NASDAQ:ALGT)

BNP Paribas Financial Markets decreased its holdings in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) by 90.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,125 shares of the transportation company's stock after selling 19,550 shares during the quarter. BNP Paribas Financial Markets' holdings in Allegiant Travel were worth $200,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its stake 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. 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 acquiring an additional 223 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Allegiant Travel during the fourth quarter worth about $25,000. Legal & General Group Plc increased its position in shares of Allegiant Travel by 1.1% during the fourth quarter. Legal & General Group Plc now owns 31,767 shares of the transportation company's stock worth $2,990,000 after acquiring an additional 348 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Allegiant Travel by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after acquiring an additional 442 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALGT. Morgan Stanley decreased their price target on Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. TD Cowen boosted their price objective on Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Susquehanna lowered their target price on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. UBS Group raised their price objective on Allegiant Travel from $45.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Raymond James restated a "strong-buy" rating and set a $80.00 target price (down previously from $90.00) on shares of Allegiant Travel in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $63.70.

Allegiant Travel Price Performance

ALGT traded up $0.19 during trading on Friday, hitting $55.88. The company's stock had a trading volume of 441,336 shares, compared to its average volume of 430,080. The firm's 50 day moving average price is $50.23 and its two-hundred day moving average price is $71.63. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -4.18 and a beta of 1.78.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its earnings results on Tuesday, May 6th. The transportation company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $699.07 million during the quarter, compared to the consensus estimate of $700.00 million. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. Sell-side analysts forecast that Allegiant Travel will post 7.7 earnings per share 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.