Deutsche Bank AG Sells 1,240 Shares of Allegiant Travel Company $ALGT

Deutsche Bank AG lessened its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 4.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,333 shares of the transportation company’s stock after selling 1,240 shares during the quarter. Deutsche Bank AG owned about 0.14% of Allegiant Travel worth $1,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALGT. Farther Finance Advisors LLC boosted its position in Allegiant Travel by 489.1% during the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock worth $28,000 after purchasing an additional 450 shares during the period. CWM LLC boosted its position in Allegiant Travel by 400.8% during the first quarter. CWM LLC now owns 2,559 shares of the transportation company’s stock worth $132,000 after purchasing an additional 2,048 shares during the period. Russell Investments Group Ltd. boosted its position in Allegiant Travel by 1,486.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,904 shares of the transportation company’s stock worth $179,000 after purchasing an additional 1,784 shares during the period. Bank of Montreal Can bought a new position in Allegiant Travel during the fourth quarter worth about $213,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Allegiant Travel during the first quarter worth about $213,000. Institutional investors own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

ALGT has been the subject of a number of research reports. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 target price (down previously from $90.00) on shares of Allegiant Travel in a research report on Wednesday, May 7th. Bank of America cut their target price on shares of Allegiant Travel from $50.00 to $45.00 and set an “underperform” rating for the company in a research report on Tuesday, July 8th. Susquehanna reiterated a “neutral” rating and set a $50.00 target price (up previously from $45.00) on shares of Allegiant Travel in a research report on Tuesday, August 5th. Evercore ISI raised shares of Allegiant Travel from an “in-line” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Barclays decreased their target price on shares of Allegiant Travel from $60.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.33.

Allegiant Travel Trading Up 8.4%

Shares of Allegiant Travel stock opened at $60.60 on Friday. Allegiant Travel Company has a 1 year low of $39.10 and a 1 year high of $107.57. The firm has a market cap of $1.11 billion, a PE ratio of -3.80, a PEG ratio of 0.55 and a beta of 1.72. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07. The company has a 50 day simple moving average of $53.84 and a two-hundred day simple moving average of $56.58.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share (EPS) 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 business had revenue of $689.40 million during the quarter, compared to analyst estimates of $685.58 million. During the same period in the previous year, the business posted $0.75 earnings per share. Allegiant Travel’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. Analysts expect that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

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.