Allegiant Travel (NASDAQ:ALGT) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. increased its position in shares of Allegiant Travel (NASDAQ:ALGT) by 2,827.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,259 shares of the transportation company’s stock after purchasing an additional 1,216 shares during the quarter. NBC Securities Inc.’s holdings in Allegiant Travel were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC raised its position in shares of Allegiant Travel by 5.7% in the first quarter. 180 Wealth Advisors LLC now owns 7,291 shares of the transportation company’s stock valued at $548,000 after buying an additional 392 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Allegiant Travel by 39.8% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,025 shares of the transportation company’s stock worth $378,000 after purchasing an additional 1,430 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Allegiant Travel by 369.1% during the 1st quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company’s stock worth $1,796,000 after purchasing an additional 18,785 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Allegiant Travel by 18.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,799 shares of the transportation company’s stock worth $587,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Allegiant Travel in the first quarter valued at approximately $834,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the business’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 sale, the director now directly owns 7,490 shares in the company, valued at $337,050. 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. Insiders sold 1,699 shares of company stock worth $77,350 in the last three months. 17.50% of the stock is owned by company insiders.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $65.67 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.74. The firm has a market cap of $1.20 billion, a P/E ratio of 20.78, a P/E/G ratio of 3.11 and a beta of 1.65. The firm’s 50 day moving average price is $47.03 and its 200-day moving average price is $50.94. Allegiant Travel has a one year low of $36.08 and a one year high of $85.91.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.93. Allegiant Travel had a positive return on equity of 3.48% and a negative net margin of 0.57%. The company had revenue of $666.28 million for the quarter, compared to analysts’ expectations of $657.74 million. During the same period in the prior year, the firm earned $4.35 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts predict that Allegiant Travel will post 1.47 EPS for the current year.

Analyst Ratings Changes

ALGT has been the topic of a number of recent research reports. TD Cowen boosted their price objective on Allegiant Travel from $33.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Morgan Stanley lowered their price target on shares of Allegiant Travel from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Evercore ISI raised their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating and decreased their target price for the company from $75.00 to $53.00 in a report on Monday, July 8th. Finally, Barclays dropped their price target on shares of Allegiant Travel from $55.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Allegiant Travel presently has an average rating of “Hold” and a consensus target price of $63.13.

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.