Man Group plc acquired a new stake in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 91,782 shares of the transportation company's stock, valued at approximately $8,639,000. Man Group plc owned approximately 0.50% of Allegiant Travel as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in Allegiant Travel by 1,614.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company's stock worth $849,000 after buying an additional 8,491 shares during the period. Russell Investments Group Ltd. lifted its holdings in Allegiant Travel by 1,486.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,904 shares of the transportation company's stock worth $179,000 after buying an additional 1,784 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Allegiant Travel by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company's stock worth $28,673,000 after buying an additional 47,186 shares during the period. US Bancorp DE lifted its holdings in Allegiant Travel by 575.4% during the 4th quarter. US Bancorp DE now owns 5,025 shares of the transportation company's stock worth $473,000 after buying an additional 4,281 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Allegiant Travel during the 4th quarter worth about $383,000. Institutional investors and hedge funds own 85.81% of the company's stock.
Allegiant Travel Stock Down 1.2%
Allegiant Travel stock traded down $0.65 during midday trading on Friday, reaching $52.34. The stock had a trading volume of 247,157 shares, compared to its average volume of 431,196. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57. The company has a market capitalization of $955.47 million, a P/E ratio of -3.91 and a beta of 1.78. The company has a fifty day moving average price of $50.21 and a two-hundred day moving average price of $72.25. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The transportation company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The business had revenue of $699.07 million during the quarter, compared to analyst estimates 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 revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. As a group, equities analysts expect that Allegiant Travel will post 7.7 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ALGT has been the topic of a number of recent analyst reports. Susquehanna dropped their price objective on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Barclays dropped their price objective on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley dropped their price objective on Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Raymond James reissued a "strong-buy" rating and issued a $80.00 price objective (down from $90.00) on shares of Allegiant Travel in a research note on Wednesday, May 7th. Finally, Bank of America dropped their price objective on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.70.
Read Our Latest Research Report on Allegiant Travel
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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