Nisa Investment Advisors LLC Has $68,000 Position in Allegiant Travel (NASDAQ:ALGT)

Nisa Investment Advisors LLC reduced its stake in Allegiant Travel (NASDAQ:ALGT) by 39.9% during the fourth quarter, HoldingsChannel reports. The firm owned 824 shares of the transportation company’s stock after selling 548 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allegiant Travel were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in shares of Allegiant Travel in the 4th quarter valued at approximately $141,350,000. U S Global Investors Inc. boosted its position in Allegiant Travel by 23.4% during the 4th quarter. U S Global Investors Inc. now owns 647,055 shares of the transportation company’s stock worth $53,453,000 after buying an additional 122,844 shares during the period. JB Capital LLC acquired a new stake in Allegiant Travel during the 4th quarter worth approximately $223,000. SeaCrest Wealth Management LLC boosted its position in Allegiant Travel by 35.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 3,595 shares of the transportation company’s stock worth $284,000 after buying an additional 950 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Allegiant Travel during the 4th quarter worth approximately $293,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Allegiant Travel Stock Up 0.9 %

Allegiant Travel stock opened at $62.31 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.83. Allegiant Travel has a 52-week low of $54.87 and a 52-week high of $130.93. The firm has a 50 day moving average price of $71.21 and a two-hundred day moving average price of $73.08. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.07 and a beta of 1.58.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Monday, February 5th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.52. The firm had revenue of $611.00 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $3.17 EPS. Equities analysts predict that Allegiant Travel will post 4.83 EPS for the current year.

Allegiant Travel Dividend Announcement

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

Insider Activity

In other news, Director Gary Ellmer sold 2,000 shares of Allegiant Travel stock in a transaction on 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 owns 8,490 shares in the company, valued at approximately $671,559. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.50% of the stock is currently owned by company insiders.

Allegiant Travel 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.