Sei Investments Co. Acquires 7,657 Shares of Allegiant Travel (NASDAQ:ALGT)

Sei Investments Co. increased its stake in Allegiant Travel (NASDAQ:ALGT) by 68.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,908 shares of the transportation company’s stock after buying an additional 7,657 shares during the quarter. Sei Investments Co. owned 0.10% of Allegiant Travel worth $1,780,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in Allegiant Travel in the fourth quarter valued at about $25,000. Jones Financial Companies Lllp raised its holdings in shares of Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after purchasing an additional 223 shares during the period. Signaturefd LLC lifted its stake in Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 period. Finally, Blueshift Asset Management LLC bought a new stake in shares of Allegiant Travel in the fourth quarter valued at $205,000. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 4.4 %

Shares of NASDAQ:ALGT opened at $46.55 on Friday. The firm has a fifty day moving average price of $72.05 and a two-hundred day moving average price of $74.62. The company has a market cap of $853.63 million, a price-to-earnings ratio of -3.48 and a beta of 1.57. 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 one year low of $36.09 and a one year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. UBS Group cut their target price on shares of Allegiant Travel from $93.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. TD Cowen boosted their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Raymond James upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $125.00 to $90.00 in a research note on Wednesday. Finally, Barclays lifted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.10.

Allegiant Travel 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.