25,286 Shares in Allegiant Travel (NASDAQ:ALGT) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,286 shares of the transportation company's stock, valued at approximately $2,380,000. Susquehanna Fundamental Investments LLC owned 0.14% of Allegiant Travel as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ALGT. Crews Bank & Trust bought a new stake in shares of Allegiant Travel in the 4th quarter valued at $25,000. Jones Financial Companies Lllp boosted its position in Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after acquiring an additional 223 shares during the last quarter. Sterling Capital Management LLC grew its holdings in 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 acquiring an additional 442 shares during the period. Signaturefd LLC raised its position in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after acquiring an additional 138 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock valued at $64,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 85.81% of the company's stock.

Allegiant Travel Stock Up 6.8 %

ALGT traded up $3.23 during midday trading on Friday, reaching $50.95. 476,005 shares of the company were exchanged, compared to its average volume of 426,763. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. The company's fifty day moving average price is $52.51 and its 200 day moving average price is $73.24. The company has a market cap of $934.32 million, a price-to-earnings ratio of -3.81 and a beta of 1.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. As a group, analysts expect that Allegiant Travel will post 7.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ALGT shares. Barclays dropped their price target on Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group increased their target price on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Bank of America decreased their price target on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley increased their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, Raymond James raised Allegiant Travel from an "outperform" rating to a "strong-buy" rating and decreased their target price for the company from $125.00 to $90.00 in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.00.

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.