Donald Smith & CO. Inc. Has $82.79 Million Position in Allegiant Travel Company $ALGT

Donald Smith & CO. Inc. grew its stake in Allegiant Travel Company (NASDAQ:ALGT) by 11.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,506,633 shares of the transportation company’s stock after acquiring an additional 156,186 shares during the quarter. Allegiant Travel accounts for 1.9% of Donald Smith & CO. Inc.’s holdings, making the stock its 23rd biggest position. Donald Smith & CO. Inc. owned 8.21% of Allegiant Travel worth $82,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after purchasing an additional 205 shares during the period. SummerHaven Investment Management LLC raised its stake in Allegiant Travel by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,275 shares of the transportation company’s stock worth $949,000 after buying an additional 338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Allegiant Travel by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after acquiring an additional 394 shares in the last quarter. Inspire Investing LLC lifted its holdings in Allegiant Travel by 6.0% during the second quarter. Inspire Investing LLC now owns 7,094 shares of the transportation company’s stock worth $390,000 after acquiring an additional 400 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Allegiant Travel by 58.1% in the second quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 407 shares during the period. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Up 4.0%

Shares of ALGT stock opened at $82.64 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76. The stock has a market cap of $1.51 billion, a P/E ratio of -5.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.67. The stock has a 50 day simple moving average of $66.62 and a 200 day simple moving average of $59.96. Allegiant Travel Company has a 1 year low of $39.80 and a 1 year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The firm had revenue of $496.88 million for the quarter. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%. On average, research analysts predict that Allegiant Travel Company will post 7.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALGT shares. Susquehanna upped their price objective on Allegiant Travel from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, October 8th. Zacks Research raised shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. UBS Group lifted their price objective on shares of Allegiant Travel from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Evercore ISI increased their target price on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.10.

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.