U S Global Investors Inc. Purchases 21,822 Shares of Allegiant Travel Company (NASDAQ:ALGT)

U S Global Investors Inc. increased its position in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,400 shares of the transportation company's stock after acquiring an additional 21,822 shares during the quarter. Allegiant Travel makes up about 2.8% of U S Global Investors Inc.'s portfolio, making the stock its 6th biggest holding. U S Global Investors Inc. owned approximately 2.25% of Allegiant Travel worth $21,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Donald Smith & CO. Inc. lifted its position in Allegiant Travel by 2.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,018,449 shares of the transportation company's stock valued at $95,856,000 after buying an additional 24,975 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Allegiant Travel by 16.5% in 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 last quarter. Dimensional Fund Advisors LP lifted its position in Allegiant Travel by 8.4% in 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 last quarter. American Century Companies Inc. lifted its position in Allegiant Travel by 14.8% in the fourth quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company's stock valued at $53,114,000 after buying an additional 72,759 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Allegiant Travel by 18.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company's stock valued at $28,673,000 after buying an additional 47,186 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALGT. Barclays decreased their target price on shares of Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. TD Cowen boosted their price target on shares of Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Susquehanna cut their price target on shares of Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Raymond James Financial reiterated a "strong-buy" rating and set a $80.00 price target (down from $90.00) on shares of Allegiant Travel in a research note on Wednesday, May 7th. Finally, Bank of America cut their price target on shares of 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 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.70.

Allegiant Travel Stock Up 1.9%

ALGT stock opened at $55.71 on Friday. The company's 50 day moving average price is $52.69 and its 200 day moving average price is $68.23. 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 fifty-two week low of $36.09 and a fifty-two week high of $107.57. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -4.82, a PEG ratio of 0.32 and a beta of 1.74.

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

Allegiant Travel 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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