Bridgeway Capital Management LLC decreased its stake in shares of Allegiant Travel Company (NASDAQ:ALGT – Free Report) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 152,329 shares of the transportation company’s stock after selling 10,531 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Allegiant Travel were worth $12,989,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 117 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel during the 3rd quarter valued at about $69,000. NewEdge Advisors LLC boosted its stake in shares of Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Allegiant Travel during the 4th quarter valued at about $208,000. Finally, Guggenheim Capital LLC bought a new stake in Allegiant Travel during the fourth quarter worth about $216,000. Institutional investors own 85.81% of the company’s stock.
Allegiant Travel Stock Down 0.0%
Shares of Allegiant Travel stock opened at $95.89 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market capitalization of $1.77 billion, a PE ratio of -47.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.55. Allegiant Travel Company has a 52-week low of $42.56 and a 52-week high of $118.00. The company has a 50-day simple moving average of $83.51 and a two-hundred day simple moving average of $87.33.
Wall Street Analyst Weigh In
Several research firms recently commented on ALGT. Citigroup dropped their price objective on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. The Goldman Sachs Group began coverage on shares of Allegiant Travel in a research note on Wednesday. They set a “buy” rating and a $125.00 price objective on the stock. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Bank of America boosted their price objective on shares of Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Allegiant Travel currently has a consensus rating of “Hold” and an average price target of $105.18.
Get Our Latest Analysis on Allegiant Travel
Allegiant Travel Company Profile
Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.
In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.
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