Allegiant Travel Company $ALGT Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Allegiant Travel Company (NASDAQ:ALGT) by 10.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 337,120 shares of the transportation company’s stock after acquiring an additional 32,478 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.85% of Allegiant Travel worth $17,412,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Allegiant Travel by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,808 shares of the transportation company’s stock worth $829,000 after acquiring an additional 292 shares during the period. Picton Mahoney Asset Management lifted its stake in shares of Allegiant Travel by 6.6% in the 1st quarter. Picton Mahoney Asset Management now owns 5,550 shares of the transportation company’s stock worth $286,000 after acquiring an additional 344 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Allegiant Travel by 803.6% in 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 during the period. Farther Finance Advisors LLC lifted its stake in shares of Allegiant Travel by 489.1% in the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock worth $28,000 after acquiring an additional 450 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Allegiant Travel by 8.5% in the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock worth $310,000 after acquiring an additional 470 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $60.60 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 1.68. The firm has a 50-day moving average price of $53.84 and a two-hundred day moving average price of $56.77. Allegiant Travel Company has a twelve month low of $39.10 and a twelve month high of $107.57. The company has a market capitalization of $1.11 billion, a P/E ratio of -3.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.72.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The firm had revenue of $689.40 million during the quarter, compared to the consensus estimate of $685.58 million. During the same period last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. As a group, research analysts expect that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALGT shares. Evercore ISI upgraded shares of Allegiant Travel from an “in-line” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Tuesday, July 1st. Susquehanna restated a “neutral” rating and issued a $50.00 target price (up previously from $45.00) on shares of Allegiant Travel in a research note on Tuesday, August 5th. UBS Group cut their price target on shares of Allegiant Travel from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Morgan Stanley cut their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Finally, Bank of America cut their price target on shares of Allegiant Travel from $50.00 to $45.00 and set an “underperform” rating for the company in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.33.

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.