2,178 Shares in Allegiant Travel (NASDAQ:ALGT) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in Allegiant Travel (NASDAQ:ALGT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,178 shares of the transportation company’s stock, valued at approximately $205,000.

A number of other large investors also recently added to or reduced their stakes in ALGT. Charles Schwab Investment Management Inc. raised its position in Allegiant Travel by 41.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company’s stock worth $14,176,000 after purchasing an additional 75,486 shares during the period. Barclays PLC increased its position in shares of Allegiant Travel by 136.9% in the third quarter. Barclays PLC now owns 31,876 shares of the transportation company’s stock valued at $1,755,000 after acquiring an additional 18,421 shares during the period. Paloma Partners Management Co purchased a new position in shares of Allegiant Travel in the third quarter valued at about $1,004,000. Franklin Resources Inc. increased its position in shares of Allegiant Travel by 2.5% in the third quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock valued at $34,584,000 after acquiring an additional 14,852 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Allegiant Travel in the third quarter valued at about $579,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Up 3.6 %

NASDAQ:ALGT opened at $54.96 on Friday. 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 current ratio of 0.75 and a quick ratio of 0.72. The company’s 50-day simple moving average is $81.94 and its 200 day simple moving average is $73.80. The firm has a market capitalization of $1.01 billion, a P/E ratio of -4.11 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, analysts forecast that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ALGT. TD Cowen boosted their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Susquehanna boosted their price objective on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Bank of America boosted their price objective on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. Finally, Barclays boosted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $84.60.

Allegiant Travel Company 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.