Allegiant Travel Company $ALGT Shares Acquired by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Allegiant Travel Company by 18.9% during Q1, owning 66,843 shares valued at approximately $3.45 million.
• Several institutional investors have also adjusted their positions, leading to an overall institutional ownership of 85.81% in Allegiant Travel.
• Analysts have lowered price targets for Allegiant Travel, with Barclays setting a new target of $52.00 and a consensus rating of "Hold" based on recent evaluations.

Brandywine Global Investment Management LLC increased its stake in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,843 shares of the transportation company's stock after acquiring an additional 10,630 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.37% of Allegiant Travel worth $3,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its position in shares of Allegiant Travel by 32.6% during the first quarter. Donald Smith & CO. Inc. now owns 1,350,447 shares of the transportation company's stock valued at $69,751,000 after buying an additional 331,998 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Allegiant Travel by 16.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company's stock valued at $87,404,000 after buying an additional 131,561 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Allegiant Travel by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 748,216 shares of the transportation company's stock valued at $70,421,000 after buying an additional 57,737 shares during the period. U S Global Investors Inc. boosted its position in shares of Allegiant Travel by 5.6% during the first quarter. U S Global Investors Inc. now owns 412,400 shares of the transportation company's stock valued at $21,300,000 after buying an additional 21,822 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Allegiant Travel by 10.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 337,120 shares of the transportation company's stock valued at $17,412,000 after buying an additional 32,478 shares during the period. Hedge funds and other institutional investors own 85.81% of the company's stock.

Analyst Ratings Changes

ALGT has been the subject of several recent analyst reports. Barclays dropped their target price on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Morgan Stanley dropped their target price on Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Raymond James Financial 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. TD Cowen boosted their target price on Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Evercore ISI raised shares of Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price target for the company in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $64.33.

Allegiant Travel Trading Up 8.4%

Shares of Allegiant Travel stock traded up $4.70 on Friday, hitting $60.60. 438,391 shares of the company traded hands, compared to its average volume of 516,512. The stock's 50 day moving average price is $53.84 and its 200-day moving average price is $56.58. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68. Allegiant Travel Company has a 52 week low of $39.10 and a 52 week high of $107.57. The company has a market cap of $1.11 billion, a PE ratio of -3.80, a PEG ratio of 0.55 and a beta of 1.72.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The firm had revenue of $689.40 million during the quarter, compared to the consensus estimate of $685.58 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750--1.750 EPS. Equities research analysts predict that Allegiant Travel Company will post 7.7 EPS for the current 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.