Boston Partners Invests $2.10 Million in Allegiant Travel Company $ALGT

Boston Partners purchased a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,279 shares of the transportation company’s stock, valued at approximately $2,103,000. Boston Partners owned approximately 0.21% of Allegiant Travel at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALGT. Bayforest Capital Ltd boosted its holdings in Allegiant Travel by 38.7% during the second quarter. Bayforest Capital Ltd now owns 15,714 shares of the transportation company’s stock worth $863,000 after buying an additional 4,381 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Allegiant Travel in the second quarter valued at about $1,154,000. U S Global Investors Inc. increased its holdings in 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 in the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Allegiant Travel during the 2nd quarter valued at approximately $433,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Down 4.6%

Shares of NASDAQ:ALGT opened at $74.01 on Friday. 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 company has a market capitalization of $1.36 billion, a P/E ratio of -4.64, a P/E/G ratio of 0.49 and a beta of 1.77. Allegiant Travel Company has a 52-week low of $39.80 and a 52-week high of $107.57. The stock’s fifty day simple moving average is $64.80 and its 200-day simple moving average is $59.14.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Thursday, May 12th. The transportation company reported $1.18 earnings per share for the quarter. The firm had revenue of $496.88 million during the quarter. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. As a group, equities research analysts forecast that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALGT has been the topic of a number of research reports. Barclays upped their price target on Allegiant Travel from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. UBS Group upped their target price on Allegiant Travel from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Evercore ISI raised their price target on Allegiant Travel from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.