Segall Bryant & Hamill LLC Has $5.96 Million Stock Position in Allegiant Travel Company (NASDAQ:ALGT)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALGT. Sterling Capital Management LLC lifted its position in Allegiant Travel by 803.6% in 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. Farther Finance Advisors LLC lifted its holdings in Allegiant Travel by 489.1% in the first 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. Signaturefd LLC raised its stake in shares of Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after buying an additional 138 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Allegiant Travel during the 4th quarter valued at approximately $75,000. Finally, Russell Investments Group Ltd. grew 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 valued at $179,000 after buying an additional 1,784 shares in the last quarter. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Trading Down 0.4%

ALGT opened at $52.30 on Friday. The company has a market cap of $954.48 million, a P/E ratio of -4.52, a PEG ratio of 0.43 and a beta of 1.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.87 and a current ratio of 0.90. Allegiant Travel Company has a one year low of $36.09 and a one year high of $107.57. The business's 50-day simple moving average is $54.98 and its 200-day simple moving average is $65.22.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.27. Allegiant Travel had a positive return on equity of 5.46% and a negative net margin of 8.11%. The business had revenue of $699.07 million during the quarter, compared to the consensus estimate of $700.00 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bank of America decreased their price objective on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating for the company in a research report on Tuesday, July 8th. TD Cowen upped their target price on shares of Allegiant Travel from $35.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, May 12th. Evercore ISI raised shares of Allegiant Travel from an "in-line" rating to an "outperform" rating and set a $75.00 target price for the company in a report on Tuesday, July 1st. UBS Group started coverage on shares of Allegiant Travel in a report on Monday, July 7th. They issued a "neutral" rating and a $59.00 price objective for the company. Finally, Barclays reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $65.11.

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.

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