Jones Financial Companies Lllp Purchases 223 Shares of Allegiant Travel (NASDAQ:ALGT)

Jones Financial Companies Lllp increased its position in shares of Allegiant Travel (NASDAQ:ALGT) by 94.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 459 shares of the transportation company’s stock after buying an additional 223 shares during the quarter. Jones Financial Companies Lllp’s holdings in Allegiant Travel were worth $43,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in Allegiant Travel during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 236 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in Allegiant Travel during the fourth quarter valued at approximately $207,000. Stifel Financial Corp acquired a new position in Allegiant Travel during the third quarter valued at approximately $210,000. Finally, PEAK6 Investments LLC acquired a new position in Allegiant Travel during the third quarter valued at approximately $382,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $52.42 on Wednesday. The stock has a market cap of $961.28 million, a P/E ratio of -3.92 and a beta of 1.64. The stock has a 50 day simple moving average of $84.65 and a 200 day simple moving average of $73.76. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Research analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America raised their price objective on Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. UBS Group assumed coverage on Allegiant Travel in a research report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price objective for the company. Morgan Stanley raised their price objective on Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Barclays raised their price objective on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, TD Cowen raised their price objective on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.10.

About Allegiant Travel

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.