Allegiant Travel (NASDAQ:ALGT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Allegiant Travel (NASDAQ:ALGT) by 41.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,456 shares of the transportation company’s stock after acquiring an additional 75,486 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.40% of Allegiant Travel worth $14,176,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALGT. CWM LLC lifted its holdings in Allegiant Travel by 275.1% in the second quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 930 shares during the period. 180 Wealth Advisors LLC grew its stake in Allegiant Travel by 24.1% during the second quarter. 180 Wealth Advisors LLC now owns 9,049 shares of the transportation company’s stock worth $444,000 after buying an additional 1,758 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Allegiant Travel during the second quarter worth about $285,000. SeaCrest Wealth Management LLC boosted its stake in shares of Allegiant Travel by 10.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,560 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 535 shares during the period. Finally, JB Capital LLC grew its holdings in Allegiant Travel by 48.0% during the 2nd quarter. JB Capital LLC now owns 6,188 shares of the transportation company’s stock valued at $311,000 after purchasing an additional 2,008 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $79.84 on Monday. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $86.94. The stock’s 50-day moving average is $68.32 and its two-hundred day moving average is $54.47. The firm has a market cap of $1.46 billion, a P/E ratio of -53.23, a price-to-earnings-growth ratio of 6.86 and a beta of 1.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

ALGT has been the topic of several recent analyst reports. TD Cowen upped their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 1st. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna lifted their target price 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. Evercore ISI increased their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, UBS Group assumed coverage on Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.44.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 350 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the sale, the director now owns 11,650 shares of the company’s stock, valued at approximately $940,970.50. This represents a 2.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the sale, the chairman now directly owns 2,147,730 shares in the company, valued at $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,600 shares of company stock valued at $2,476,465. Insiders own 15.80% of the company’s stock.

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.