Russell Investments Group Ltd. Has $782,000 Stock Position in Allegiant Travel Company $ALGT

Key Points

• Russell Investments Group Ltd. significantly increased its ownership in Allegiant Travel Company by 694.8%, now holding 15,133 shares valued at approximately $782,000 as of the latest SEC filing.
• Allegiant Travel's stock price is currently at $62.66, with a market cap of $1.15 billion, and it has reported a positive EPS of $1.23, surpassing analyst expectations.
• Recent analyst ratings for the company show a mixture of outlooks with an average target price of $64.33, including ratings of Strong Buy, Hold, and Sell from various firms.

Russell Investments Group Ltd. boosted its position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 694.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,133 shares of the transportation company's stock after acquiring an additional 13,229 shares during the period. Russell Investments Group Ltd. owned 0.08% of Allegiant Travel worth $782,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Allegiant Travel by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,808 shares of the transportation company's stock worth $829,000 after buying an additional 292 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in Allegiant Travel by 6.6% in the 1st quarter. Picton Mahoney Asset Management now owns 5,550 shares of the transportation company's stock valued at $286,000 after acquiring an additional 344 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Allegiant Travel by 489.1% during the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after purchasing an additional 450 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Allegiant Travel by 8.5% during the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company's stock worth $310,000 after purchasing an additional 470 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Allegiant Travel by 15.9% during the 1st quarter. US Bancorp DE now owns 5,825 shares of the transportation company's stock worth $301,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 85.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America decreased their target price on Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a report on Tuesday, July 8th. Barclays reduced their price target on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Morgan Stanley cut 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. UBS Group dropped their price objective on Allegiant Travel from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Susquehanna restated a "neutral" rating and set a $50.00 price objective (up from $45.00) on shares of Allegiant Travel in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $64.33.

Allegiant Travel Trading Down 2.4%

Shares of ALGT stock traded down $1.57 on Thursday, hitting $64.27. The company had a trading volume of 313,133 shares, compared to its average volume of 400,444. The firm has a market cap of $1.18 billion, a P/E ratio of -4.03, a P/E/G ratio of 0.60 and a beta of 1.71. The stock's 50-day moving average is $55.70 and its two-hundred day moving average is $55.36. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10. Allegiant Travel Company has a twelve month low of $39.10 and a twelve month high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued 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. The company had revenue of $689.40 million during the quarter, compared to analysts' expectations of $685.58 million. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750--1.750 EPS. On average, equities research analysts anticipate that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal 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.