1 week Ago By Defense World Staff
Russell Investments Group Ltd. lifted its stake in Allegiant Travel ( NASDAQ:ALGT – Free Report ) by 1,486.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 1,904 shares of the transportation company’s stock after buying an additional 1,784 shares during the period. Russell Investments Group Ltd.’s holdings in Allegiant Travel were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Donald Smith & CO. Inc.
increased its stake in Allegiant Travel by 2.5% in the fourth quarter. Donald Smith & CO.
Inc. now owns 1,018,449 shares of the transportation company’s stock valued at $95,856,000 after acquiring an additional 24,975 shares during the last quarter. Franklin Resources Inc.
raised its holdings in shares of 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 in the last quarter. American Century Companies Inc. lifted its position in shares of Allegiant Travel by 14.
8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company’s stock worth $53,114,000 after buying an additional 72,759 shares during the last quarter.
Geode Capital Management LLC boosted its stake in Allegiant Travel by 1.5% in 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.
Finally, Charles Schwab Investment Management Inc. grew its position in Allegiant Travel by 18.3% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company’s stock valued at $28,673,000 after acquiring an additional 47,186 shares during the last quarter. Institutional investors and hedge funds own 85.
81% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have recently weighed in on the stock. Raymond James upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $125.
00 to $90.00 in a research note on Wednesday, April 2nd. Barclays decreased their target price on shares of Allegiant Travel from $100.
00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. UBS Group reduced their price objective on Allegiant Travel from $61.
00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Bank of America dropped their target price on Allegiant Travel from $95.
00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group upped their price objective on Allegiant Travel from $83.
00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a strong buy rating to the company.
According to data from MarketBeat.com, Allegiant Travel presently has an average rating of “Hold” and an average target price of $67.00.
Allegiant Travel Stock Performance Shares of Allegiant Travel stock opened at $46.12 on Friday. The company has a market cap of $845.
75 million, a P/E ratio of -3.45 and a beta of 1.57.
The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.
36. The business has a 50-day moving average price of $56.00 and a two-hundred day moving average price of $73.
58. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.
57. Allegiant Travel ( NASDAQ:ALGT – Get Free Report ) last issued its quarterly earnings results 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%.
As a group, analysts anticipate that Allegiant Travel will post 7.7 EPS for the current year. Allegiant Travel Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Allegiant Travel Trading Stocks: RSI and Why it’s Useful Short Sellers Gave Up on These 3 Names Recently What to Know About Investing in Penny Stocks 3 Boring Stocks Outperforming the Market This Year Insider Trades May Not Tell You What You Think If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.
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