3,818 Shares in Allegiant Travel (NASDAQ:ALGT) Acquired by Stifel Financial Corp

Stifel Financial Corp acquired a new stake in shares of Allegiant Travel (NASDAQ:ALGT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,818 shares of the transportation company’s stock, valued at approximately $210,000.

Several other hedge funds have also added to or reduced their stakes in ALGT. Hauser Brothers GmbH increased its holdings in shares of Allegiant Travel by 73.0% during the third quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company’s stock valued at $1,305,000 after acquiring an additional 10,000 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Allegiant Travel during the 3rd quarter valued at about $1,004,000. PEAK6 Investments LLC bought a new stake in Allegiant Travel during the 3rd quarter valued at about $382,000. Algert Global LLC purchased a new position in Allegiant Travel in the third quarter worth about $579,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Allegiant Travel by 41.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company’s stock worth $14,176,000 after buying an additional 75,486 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALGT has been the subject of a number of recent analyst reports. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 price target on shares of Allegiant Travel in a research note on Friday, November 15th. Evercore ISI increased their price objective on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna lifted their price objective on Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, TD Cowen upped their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Allegiant Travel has an average rating of “Hold” and an average target price of $68.00.

Insider Transactions at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total value of $28,269.50. Following the transaction, the director now owns 11,650 shares in the company, valued at $940,970.50. This trade represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,600 shares of company stock worth $2,476,465 in the last quarter. Company insiders own 15.80% of the company’s stock.

Allegiant Travel Trading Down 0.3 %

Shares of NASDAQ:ALGT opened at $91.11 on Monday. The stock’s 50-day simple moving average is $76.68 and its two-hundred day simple moving average is $58.08. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -60.74, a PEG ratio of 7.17 and a beta of 1.67. Allegiant Travel has a 52-week low of $36.08 and a 52-week high of $94.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

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.