17,727 Shares in Allegiant Travel Company $ALGT Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. bought a new stake in Allegiant Travel Company (NASDAQ:ALGT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,727 shares of the transportation company’s stock, valued at approximately $1,077,000. Advisors Asset Management Inc. owned about 0.10% of Allegiant Travel as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Allegiant Travel by 442.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 442 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Allegiant Travel by 28.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after acquiring an additional 205 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Allegiant Travel by 43.7% in the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. AlphaQuest LLC grew its position in shares of Allegiant Travel by 119.2% in the third quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 609 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Allegiant Travel during the 2nd quarter worth approximately $159,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $114.04 on Wednesday. The company has a market cap of $2.09 billion, a P/E ratio of -44.37, a P/E/G ratio of 0.26 and a beta of 1.64. The firm’s 50 day moving average is $92.22 and its two-hundred day moving average is $73.86. Allegiant Travel Company has a fifty-two week low of $39.80 and a fifty-two week high of $118.00. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.76.

Insider Buying and Selling at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of Allegiant Travel stock in a transaction on Friday, February 6th. The stock was sold at an average price of $114.23, for a total value of $19,990,250.00. Following the transaction, the chairman owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 300,000 shares of company stock valued at $34,350,512. Company insiders own 14.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALGT. Wall Street Zen raised Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Sunday, December 28th. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Tuesday, January 20th. Raymond James Financial lowered shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $78.00 to $98.00 in a report on Friday, December 19th. Finally, Barclays raised their price target on shares of Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.18.

Allegiant Travel Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.