Two Sigma Securities LLC bought a new position in shares of Allegiant Travel (NASDAQ:ALGT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,981 shares of the transportation company's stock, valued at approximately $563,000.
Other large investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. grew its holdings in Allegiant Travel by 2.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,018,449 shares of the transportation company's stock worth $95,856,000 after acquiring an additional 24,975 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 purchasing an additional 131,561 shares during the period. Dimensional Fund Advisors LP raised its position in Allegiant Travel by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 748,216 shares of the transportation company's stock worth $70,421,000 after purchasing an additional 57,737 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Allegiant Travel by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company's stock worth $34,584,000 after buying an additional 14,852 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Allegiant Travel by 14.8% in the 4th 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. Institutional investors and hedge funds own 85.81% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Bank of America decreased their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Susquehanna dropped their price objective on Allegiant Travel from $95.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Morgan Stanley raised their target price on Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Finally, Barclays lowered their price objective on shares of Allegiant Travel from $100.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One 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 company. According to data from MarketBeat.com, Allegiant Travel presently has a consensus rating of "Hold" and a consensus target price of $67.00.
Check Out Our Latest Analysis on Allegiant Travel
Allegiant Travel Stock Up 3.2 %
NASDAQ ALGT traded up $1.52 during trading hours on Thursday, hitting $48.45. The company's stock had a trading volume of 249,032 shares, compared to its average volume of 425,125. The company has a market capitalization of $888.48 million, a PE ratio of -3.63 and a beta of 1.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 52 week low of $36.09 and a 52 week high of $107.57. The company's 50-day simple moving average is $53.72 and its two-hundred day simple moving average is $73.36.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts anticipate that Allegiant Travel will post 7.7 EPS for the current fiscal year.
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.
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