Yousif Capital Management LLC Sells 307 Shares of Allegiant Travel (NASDAQ:ALGT)

Yousif Capital Management LLC lessened its holdings in Allegiant Travel (NASDAQ:ALGT) by 5.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,532 shares of the transportation company’s stock after selling 307 shares during the period. Yousif Capital Management LLC’s holdings in Allegiant Travel were worth $521,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Crews Bank & Trust bought a new position in shares of Allegiant Travel in the 4th quarter worth approximately $25,000. Nisa Investment Advisors LLC lifted its stake in shares of Allegiant Travel by 1,614.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock worth $849,000 after purchasing an additional 8,491 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of Allegiant Travel by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC lifted its stake in shares of Allegiant Travel by 53.5% in the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after purchasing an additional 236 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Allegiant Travel by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock worth $34,584,000 after purchasing an additional 14,852 shares during the period. Institutional investors own 85.81% of the company’s stock.

Insider Buying and Selling at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now directly owns 11,650 shares of the company’s stock, valued at approximately $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Allegiant Travel Trading Up 2.1 %

Shares of ALGT opened at $83.26 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $107.57. The company has a 50 day simple moving average of $93.55 and a two-hundred day simple moving average of $69.51. The firm has a market cap of $1.53 billion, a P/E ratio of -6.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. On average, equities analysts expect that Allegiant Travel will post 7.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley raised their target price on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Raymond James raised their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. Bank of America raised their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, January 17th. Finally, UBS Group assumed coverage on shares of Allegiant Travel in a research note on Tuesday, November 26th. They set a “neutral” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.10.

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.