Allegiant Travel (NASDAQ:ALGT) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its position in shares of Allegiant Travel (NASDAQ:ALGT) by 61.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,548 shares of the transportation company’s stock after purchasing an additional 6,281 shares during the quarter. LPL Financial LLC owned 0.09% of Allegiant Travel worth $1,558,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Allegiant Travel by 1.7% in the third quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock worth $33,530,000 after buying an additional 10,050 shares during the period. Franklin Resources Inc. boosted its position in Allegiant Travel by 2.5% during the third quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock worth $34,584,000 after purchasing an additional 14,852 shares during the period. American Century Companies Inc. lifted its position in Allegiant Travel by 14.8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company’s stock worth $53,114,000 after acquiring an additional 72,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in Allegiant Travel by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 364,755 shares of the transportation company’s stock valued at $20,089,000 after buying an additional 5,424 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Allegiant Travel by 18.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company’s stock valued at $28,673,000 after purchasing an additional 47,186 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. UBS Group reduced their price target on shares of Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Raymond James raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $125.00 to $90.00 in a research report on Wednesday, April 2nd. Finally, Susquehanna reduced their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.00.

Allegiant Travel Stock Up 1.8 %

ALGT opened at $44.16 on Friday. Allegiant Travel has a fifty-two week low of $36.09 and a fifty-two week high of $107.57. The company has a market capitalization of $809.81 million, a P/E ratio of -3.30 and a beta of 1.57. The stock has a fifty day moving average of $60.76 and a 200-day moving average of $74.08. 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) last announced its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts expect that Allegiant Travel will post 7.7 EPS for the current year.

About Allegiant Travel

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.