U S Global Investors Inc. Trims Stake in Allegiant Travel Company $ALGT

Key Points

• U S Global Investors trimmed its stake by 25.2% in Allegiant during Q4, selling 95,993 shares and ending the period with 284,685 shares (about $24.3M), making ALGT its 5th largest holding and 2.6% of its portfolio.
• Insiders have been net sellers: chairman Maurice J. Gallagher Jr. sold 861 shares recently, and insiders have sold about 300,000 shares in the last 90 days, though company insiders still own 14.7% of Allegiant.
• Analyst views are mixed with a consensus "Hold" and an average price target of $97.91; the stock trades near $78.74 with a 1‑year range of $42.56 to $118.00, while brokers' recent ratings span upgrades and a few downgrades.

U S Global Investors Inc. trimmed its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,685 shares of the transportation company's stock after selling 95,993 shares during the period. Allegiant Travel makes up 2.6% of U S Global Investors Inc.'s investment portfolio, making the stock its 5th largest holding. U S Global Investors Inc. owned about 1.55% of Allegiant Travel worth $24,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALGT. Heartland Advisors Inc. bought a new position in shares of Allegiant Travel during the 3rd quarter worth approximately $12,747,000. Emerald Advisers LLC boosted its holdings in shares of Allegiant Travel by 23.7% during the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company's stock worth $25,992,000 after buying an additional 81,987 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company's stock worth $33,380,000 after buying an additional 73,360 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Allegiant Travel by 148.1% during the 2nd quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company's stock worth $6,533,000 after buying an additional 70,982 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Allegiant Travel by 25.8% during the 3rd quarter. UBS Group AG now owns 327,828 shares of the transportation company's stock worth $19,922,000 after buying an additional 67,327 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the sale, the chairman directly owned 150,000 shares of the company's stock, valued at $17,100,000. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 300,000 shares of company stock worth $34,350,512. Company insiders own 14.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALGT. Bank of America raised Allegiant Travel from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $55.00 to $95.00 in a research report on Tuesday, January 6th. Barclays upped their target price on Allegiant Travel from $60.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Zacks Research lowered Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 1st. Finally, Evercore upped their target price on Allegiant Travel from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Allegiant Travel has an average rating of "Hold" and a consensus price target of $97.91.

Allegiant Travel Trading Down 2.4%

Shares of Allegiant Travel stock opened at $78.74 on Friday. Allegiant Travel Company has a 1 year low of $42.56 and a 1 year high of $118.00. The firm has a market cap of $1.45 billion, a PE ratio of -30.64, a P/E/G ratio of 0.42 and a beta of 1.63. The stock has a fifty day moving average price of $88.62 and a 200-day moving average price of $82.61. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92.

Allegiant Travel Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.

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