New York State Common Retirement Fund Has $521,000 Stake in Allegiant Travel (NASDAQ:ALGT)

New York State Common Retirement Fund lowered its stake in Allegiant Travel (NASDAQ:ALGT) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,533 shares of the transportation company’s stock after selling 1,000 shares during the period. New York State Common Retirement Fund’s holdings in Allegiant Travel were worth $521,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Allegiant Travel by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 70,588 shares of the transportation company’s stock worth $6,644,000 after purchasing an additional 2,133 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Allegiant Travel by 5.0% in the fourth quarter. Empowered Funds LLC now owns 84,748 shares of the transportation company’s stock worth $7,976,000 after buying an additional 4,053 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Allegiant Travel during the 4th quarter worth $25,000. Nisa Investment Advisors LLC boosted its holdings in shares of Allegiant Travel by 1,614.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock worth $849,000 after buying an additional 8,491 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in Allegiant Travel by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock valued at $584,000 after buying an additional 200 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALGT. TD Cowen raised their price target on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Susquehanna raised 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. Raymond James upped their target price on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Finally, Morgan Stanley raised their price target on shares of Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. One 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.com, Allegiant Travel has an average rating of “Hold” and an average target price of $80.10.

Allegiant Travel Stock Down 9.5 %

Shares of ALGT opened at $62.88 on Wednesday. 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 company has a 50-day moving average price of $91.96 and a two-hundred day moving average price of $72.69. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -4.70 and a beta of 1.63. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 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%. Equities analysts predict that Allegiant Travel will post 7.7 EPS for the current fiscal year.

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.