Mariner LLC Acquires Shares of 3,945 Allegiant Travel (NASDAQ:ALGT)

Mariner LLC bought a new position in shares of Allegiant Travel (NASDAQ:ALGT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,945 shares of the transportation company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Crews Bank & Trust purchased a new stake in shares of Allegiant Travel in the 4th quarter worth $25,000. Jones Financial Companies Lllp lifted its stake in Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after acquiring an additional 223 shares during the period. Sterling Capital Management LLC grew its holdings in Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after acquiring an additional 442 shares in the last quarter. Signaturefd LLC increased its position in Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Allegiant Travel by 53.5% in 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 in the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Up 6.8 %

Shares of Allegiant Travel stock opened at $50.95 on Friday. The firm’s 50 day simple moving average is $52.51 and its two-hundred day simple moving average is $73.31. The firm has a market capitalization of $934.32 million, a price-to-earnings ratio of -3.81 and a beta of 1.57. Allegiant Travel has a 12-month low of $36.09 and a 12-month high of $107.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results 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 positive return on equity of 3.33% and a negative net margin of 9.56%. Analysts predict that Allegiant Travel will post 7.7 EPS for the current year.

Analysts Set New Price Targets

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

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.