1,000 Shares in Allegiant Travel (NASDAQ:ALGT) Purchased by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC purchased a new position in shares of Allegiant Travel (NASDAQ:ALGTFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,000 shares of the transportation company’s stock, valued at approximately $83,000.

A number of other large investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Allegiant Travel in the 3rd quarter worth approximately $5,364,000. Kennedy Capital Management LLC purchased a new stake in shares of Allegiant Travel in the 3rd quarter worth approximately $1,177,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Allegiant Travel in the 3rd quarter worth approximately $715,000. GSA Capital Partners LLP purchased a new stake in shares of Allegiant Travel in the 3rd quarter worth approximately $1,404,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Allegiant Travel by 53.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,678 shares of the transportation company’s stock worth $513,000 after purchasing an additional 2,321 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Raymond James reduced their price objective on shares of Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Susquehanna reduced their price objective on shares of Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. UBS Group assumed coverage on shares of Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 price target on the stock. Barclays cut their price target on shares of Allegiant Travel from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Finally, TD Cowen increased their price objective on shares of Allegiant Travel from $82.00 to $85.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Allegiant Travel presently has an average rating of “Hold” and an average price target of $89.75.

Check Out Our Latest Research Report on Allegiant Travel

Allegiant Travel Price Performance

ALGT traded up $0.54 during midday trading on Friday, hitting $62.31. 211,297 shares of the company traded hands, compared to its average volume of 256,393. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.06 and a beta of 1.58. Allegiant Travel has a 52-week low of $54.87 and a 52-week high of $130.93. The business has a 50 day simple moving average of $71.21 and a two-hundred day simple moving average of $73.10.

Allegiant Travel (NASDAQ:ALGTGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.52. The business had revenue of $611.00 million for the quarter, compared to the consensus estimate of $596.42 million. Allegiant Travel had a net margin of 4.54% and a return on equity of 3.80%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $3.17 earnings per share. On average, equities analysts forecast that Allegiant Travel will post 4.83 earnings per share for the current fiscal year.

Allegiant Travel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, February 14th. Allegiant Travel’s payout ratio is 37.97%.

Insider Buying and Selling at Allegiant Travel

In other news, Director Gary Ellmer sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $79.10, for a total value of $158,200.00. Following the completion of the sale, the director now directly owns 8,490 shares in the company, valued at $671,559. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 17.50% of the company’s stock.

Allegiant Travel Profile

(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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Institutional Ownership by Quarter for Allegiant Travel (NASDAQ:ALGT)

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