American Century Companies Inc. Acquires 17,509 Shares of Allegiant Travel Company $ALGT

American Century Companies Inc. increased its holdings in Allegiant Travel Company (NASDAQ:ALGT) by 2.8% 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 651,117 shares of the transportation company’s stock after buying an additional 17,509 shares during the period. American Century Companies Inc. owned 3.55% of Allegiant Travel worth $35,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ALGT. Donald Smith & CO. Inc. grew its holdings in shares of Allegiant Travel by 32.6% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,350,447 shares of the transportation company’s stock worth $69,751,000 after purchasing an additional 331,998 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Allegiant Travel by 5.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 982,962 shares of the transportation company’s stock worth $50,770,000 after acquiring an additional 54,321 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Allegiant Travel by 1.0% in the 2nd quarter. Franklin Resources Inc. now owns 475,927 shares of the transportation company’s stock valued at $26,152,000 after acquiring an additional 4,595 shares during the last quarter. U S Global Investors Inc. increased its stake 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 buying an additional 17,753 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Allegiant Travel by 40.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 389,832 shares of the transportation company’s stock worth $20,135,000 after purchasing an additional 112,875 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $74.01 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of -4.64, a PEG ratio of 0.49 and a beta of 1.77. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average price is $64.80 and its 200-day moving average price is $59.14. Allegiant Travel Company has a twelve month low of $39.80 and a twelve month high of $107.57.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALGT. Evercore ISI lifted their price objective on shares of Allegiant Travel from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. UBS Group upped their price objective on shares of Allegiant Travel from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Zacks Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Susquehanna raised their price target on shares of Allegiant Travel from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Finally, Bank of America lifted their price target on Allegiant Travel from $50.00 to $55.00 and gave the company an “underperform” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.44.

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.