Principal Financial Group Inc. boosted its position in Allegiant Travel (NASDAQ:ALGT – Free Report) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 70,588 shares of the transportation company’s stock after purchasing an additional 2,133 shares during the quarter. Principal Financial Group Inc.’s holdings in Allegiant Travel were worth $6,644,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of ALGT. SeaCrest Wealth Management LLC grew its position in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock valued at $584,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 during the last quarter. Crews Bank & Trust purchased a new position in Allegiant Travel in the 4th quarter worth $25,000. Nisa Investment Advisors LLC lifted its stake in Allegiant Travel by 136.9% in the third quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Finally, Privium Fund Management UK Ltd boosted its position in Allegiant Travel by 3.5% during the third quarter. Privium Fund Management UK Ltd now owns 10,549 shares of the transportation company’s stock valued at $581,000 after buying an additional 358 shares during the period. 85.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ALGT. Barclays boosted their target price on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Raymond James boosted their price objective on Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. The Goldman Sachs Group raised their target price on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. UBS Group initiated coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price target for the company. Finally, Susquehanna raised their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.10.
Read Our Latest Analysis on Allegiant Travel
Allegiant Travel Stock Down 1.5 %
ALGT stock opened at $73.50 on Monday. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $107.57. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -5.50 and a beta of 1.63. The business’s 50 day moving average price is $92.87 and its two-hundred day moving average price is $72.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Allegiant Travel will post 7.7 earnings per share 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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