Allegiant Travel Company $ALGT Shares Bought by Cwm LLC

Cwm LLC increased its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 129.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,865 shares of the transportation company’s stock after purchasing an additional 3,306 shares during the period. Cwm LLC’s holdings in Allegiant Travel were worth $322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New York State Common Retirement Fund raised its position in Allegiant Travel by 8.5% during the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock worth $310,000 after buying an additional 470 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Allegiant Travel by 8.2% during the 1st quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company’s stock valued at $977,000 after buying an additional 1,426 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Allegiant Travel by 33.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company’s stock worth $508,000 after purchasing an additional 2,480 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Allegiant Travel by 4.3% in the second quarter. U S Global Investors Inc. now owns 430,153 shares of the transportation company’s stock valued at $23,637,000 after purchasing an additional 17,753 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Allegiant Travel by 694.8% during the first quarter. Russell Investments Group Ltd. now owns 15,133 shares of the transportation company’s stock worth $782,000 after purchasing an additional 13,229 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Stock Up 2.7%

NASDAQ ALGT opened at $66.51 on Monday. The stock has a market cap of $1.22 billion, a PE ratio of -4.17, a PEG ratio of 0.52 and a beta of 1.71. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10. Allegiant Travel Company has a twelve month low of $39.80 and a twelve month high of $107.57. The firm has a 50-day simple moving average of $62.30 and a 200 day simple moving average of $55.88.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Thursday, May 12th. The transportation company reported $1.18 earnings per share for the quarter. Allegiant Travel had a positive return on equity of 5.00% and a negative net margin of 11.10%.The company had revenue of $496.88 million for the quarter. On average, research analysts forecast that Allegiant Travel Company will post 7.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna raised their price objective on Allegiant Travel from $50.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Morgan Stanley cut their price target on Allegiant Travel from $85.00 to $83.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. UBS Group increased their price target on Allegiant Travel from $52.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Evercore ISI boosted their price target on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Bank of America lifted their target price on Allegiant Travel from $50.00 to $55.00 and gave the stock an “underperform” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.56.

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.