New York State Teachers Retirement System Decreases Stake in Allegiant Travel (NASDAQ:ALGT)

New York State Teachers Retirement System trimmed its position in shares of Allegiant Travel (NASDAQ:ALGT) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,896 shares of the transportation company’s stock after selling 1,836 shares during the period. New York State Teachers Retirement System owned about 0.10% of Allegiant Travel worth $985,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Allegiant Travel by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 1,749,649 shares of the transportation company’s stock valued at $131,591,000 after purchasing an additional 38,612 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Allegiant Travel by 1.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 945,839 shares of the transportation company’s stock valued at $47,509,000 after buying an additional 17,792 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in Allegiant Travel by 166.7% in the second quarter. Donald Smith & CO. Inc. now owns 826,326 shares of the transportation company’s stock valued at $41,506,000 after buying an additional 516,545 shares in the last quarter. U S Global Investors Inc. lifted its holdings in Allegiant Travel by 51.9% during the 3rd quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after buying an additional 253,198 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Allegiant Travel by 15.1% during the 2nd quarter. American Century Companies Inc. now owns 428,787 shares of the transportation company’s stock worth $21,538,000 after buying an additional 56,208 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALGT has been the subject of several recent analyst reports. Barclays boosted their target price on Allegiant Travel from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Susquehanna boosted their price objective on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. TD Cowen increased their target price on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Evercore ISI boosted their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Wolfe Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.38.

Insider Buying and Selling

In other Allegiant Travel news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total transaction of $39,808.15. Following the sale, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the director now owns 7,490 shares of the company’s stock, valued at approximately $337,050. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at approximately $1,025,169.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,334 shares of company stock worth $117,158. Corporate insiders own 15.80% of the company’s stock.

Allegiant Travel Price Performance

ALGT opened at $73.72 on Friday. Allegiant Travel has a twelve month low of $36.08 and a twelve month high of $85.91. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -49.15, a PEG ratio of 5.87 and a beta of 1.61. The company has a fifty day simple moving average of $54.50 and a 200 day simple moving average of $51.19.

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.