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Allegiant Travel Company (NASDAQ:ALGT) Stake Lifted by Segall Bryant & Hamill LLC

Allegiant Travel logo with Transportation background

Segall Bryant & Hamill LLC boosted its position in Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,367 shares of the transportation company's stock after purchasing an additional 7,432 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.63% of Allegiant Travel worth $5,959,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALGT. Farther Finance Advisors LLC lifted 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 valued at $28,000 after acquiring an additional 450 shares during the period. Sterling Capital Management LLC lifted its position in shares of Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after buying an additional 442 shares during the last quarter. Signaturefd LLC lifted its position in shares of Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after buying an additional 138 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Allegiant Travel in the 4th quarter worth about $75,000. Finally, CWM LLC increased its holdings in Allegiant Travel by 400.8% in the 1st quarter. CWM LLC now owns 2,559 shares of the transportation company's stock worth $132,000 after purchasing an additional 2,048 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT traded down $0.24 during midday trading on Monday, hitting $51.45. The company had a trading volume of 313,133 shares, compared to its average volume of 420,975. Allegiant Travel Company has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.90 and a quick ratio of 0.87. The stock has a market cap of $938.96 million, a price-to-earnings ratio of -4.45, a price-to-earnings-growth ratio of 0.43 and a beta of 1.71. The business's 50-day simple moving average is $54.93 and its 200-day simple moving average is $64.53.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $699.07 million for the quarter, compared to analysts' expectations of $700.00 million. Allegiant Travel had a positive return on equity of 5.46% and a negative net margin of 8.11%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. On average, research analysts predict that Allegiant Travel Company will post 7.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ALGT shares. Evercore ISI raised Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 price target for the company in a research report on Tuesday, July 1st. Susquehanna reduced their price target on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their target price on Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Bank of America dropped their price target on Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 8th. Finally, TD Cowen boosted their price target on Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.11.

View Our Latest Research Report on ALGT

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.

Further Reading

Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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