Inspire Investing LLC raised its position in Allegiant Travel Company (NASDAQ:ALGT – Free Report) by 56.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,694 shares of the transportation company’s stock after acquiring an additional 2,415 shares during the period. Inspire Investing LLC’s holdings in Allegiant Travel were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of ALGT. Ameriprise Financial Inc. boosted its stake in Allegiant Travel by 137.7% in the fourth quarter. Ameriprise Financial Inc. now owns 120,470 shares of the transportation company’s stock valued at $11,339,000 after acquiring an additional 69,786 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Allegiant Travel by 209.6% in the fourth quarter. Deutsche Bank AG now owns 26,573 shares of the transportation company’s stock worth $2,501,000 after buying an additional 17,991 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Allegiant Travel by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,808 shares of the transportation company’s stock worth $829,000 after buying an additional 292 shares during the last quarter. Man Group plc purchased a new position in shares of Allegiant Travel in the fourth quarter worth $8,639,000. Finally, ProShare Advisors LLC purchased a new position in shares of Allegiant Travel in the fourth quarter worth $438,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
A number of research analysts have issued reports on ALGT shares. Evercore ISI raised shares of Allegiant Travel from an “in-line” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Tuesday, July 1st. Zacks Research raised shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Bank of America reduced their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an “underperform” rating for the company in a report on Tuesday, July 8th. Susquehanna reissued a “neutral” rating and set a $50.00 target price (up previously from $45.00) on shares of Allegiant Travel in a report on Tuesday, August 5th. Finally, Morgan Stanley reduced their target price on shares of Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Allegiant Travel presently has an average rating of “Hold” and a consensus target price of $64.33.
Read Our Latest Research Report on Allegiant Travel
Allegiant Travel Stock Down 0.0%
ALGT stock opened at $64.74 on Monday. The firm has a market cap of $1.19 billion, a PE ratio of -4.06, a P/E/G ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10. The firm’s fifty day moving average is $56.34 and its 200 day moving average is $54.26. Allegiant Travel Company has a one year low of $39.80 and a one year high of $107.57.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last released its quarterly earnings results on Monday, August 4th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.83 by $0.40. The company had revenue of $689.40 million for the quarter, compared to analyst estimates of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. On average, research analysts forecast that Allegiant Travel Company will post 7.7 EPS for the current 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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