Allegiant Travel (NASDAQ:ALGT) Position Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Allegiant Travel (NASDAQ:ALGT) by 1,614.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,017 shares of the transportation company’s stock after purchasing an additional 8,491 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allegiant Travel were worth $849,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its stake in shares of Allegiant Travel by 20.2% during the 3rd quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock worth $54,701,000 after acquiring an additional 167,148 shares in the last quarter. U S Global Investors Inc. boosted its position in shares of Allegiant Travel by 51.9% in the 3rd quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock valued at $40,823,000 after purchasing an additional 253,198 shares during the period. State Street Corp increased its stake in Allegiant Travel by 1.7% in the 3rd quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock worth $33,530,000 after purchasing an additional 10,050 shares in the last quarter. Franklin Resources Inc. raised its holdings in Allegiant Travel by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock worth $34,584,000 after buying an additional 14,852 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Allegiant Travel by 1.5% during the third quarter. Geode Capital Management LLC now owns 364,755 shares of the transportation company’s stock valued at $20,089,000 after buying an additional 5,424 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALGT. Susquehanna boosted their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley increased their target price on Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. TD Cowen lifted their price target on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Bank of America increased their price objective on Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research note on Friday, January 17th. Finally, StockNews.com raised Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Allegiant Travel has a consensus rating of “Hold” and an average price target of $79.60.

Insider Activity at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.46, for a total value of $2,391,822.74. Following the completion of the sale, the chairman now directly owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Douglass Morgan sold 350 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the sale, the director now directly owns 11,650 shares of the company’s stock, valued at $940,970.50. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by company insiders.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $104.24 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.91 billion, a PE ratio of -69.49, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $106.87. The company has a 50 day moving average price of $89.81 and a two-hundred day moving average price of $65.40.

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.