Allegiant Travel Company $ALGT Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Allegiant Travel Company (NASDAQ:ALGT) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,677,608 shares of the transportation company’s stock after purchasing an additional 66,596 shares during the quarter. Vanguard Group Inc. owned about 9.14% of Allegiant Travel worth $101,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALGT. Donald Smith & CO. Inc. increased its position in shares of Allegiant Travel by 11.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company’s stock worth $82,789,000 after acquiring an additional 156,186 shares during the last quarter. Apollo Management Holdings L.P. acquired a new position in Allegiant Travel in the second quarter worth about $6,124,000. Jump Financial LLC grew its position in shares of Allegiant Travel by 195.5% in the 2nd quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock worth $7,023,000 after acquiring an additional 84,555 shares in the last quarter. Emerald Advisers LLC boosted its holdings in Allegiant Travel by 23.7% in the third quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after purchasing an additional 81,987 shares during the period. Finally, Bank of America Corp DE increased its stake in Allegiant Travel by 148.1% during the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock valued at $6,533,000 after purchasing an additional 70,982 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Insiders Place Their Bets

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the completion of the sale, the chairman directly owned 1,962,348 shares in the company, valued at approximately $224,159,012.04. This trade represents a 8.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 300,000 shares of company stock worth $34,350,512 over the last quarter. 14.70% of the stock is currently owned by insiders.

Allegiant Travel Stock Down 4.0%

Shares of Allegiant Travel stock opened at $92.09 on Thursday. Allegiant Travel Company has a 12-month low of $39.80 and a 12-month high of $118.00. The firm has a market capitalization of $1.70 billion, a PE ratio of -35.83, a price-to-earnings-growth ratio of 0.21 and a beta of 1.56. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.60. The stock’s fifty day moving average is $95.99 and its 200-day moving average is $77.49.

Analysts Set New Price Targets

ALGT has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Allegiant Travel from $60.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Bank of America raised Allegiant Travel from an “underperform” rating to a “neutral” rating and upped their target price for the company from $55.00 to $95.00 in a report on Tuesday, January 6th. Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a report on Friday, February 6th. Wall Street Zen raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Finally, Raymond James Financial cut Allegiant Travel from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $78.00 to $98.00 in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $100.18.

About Allegiant Travel

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.