Segall Bryant & Hamill LLC Purchases 4,427 Shares of Allegiant Travel (NASDAQ:ALGT)

Segall Bryant & Hamill LLC lifted its holdings in Allegiant Travel (NASDAQ:ALGT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,935 shares of the transportation company’s stock after acquiring an additional 4,427 shares during the period. Segall Bryant & Hamill LLC’s holdings in Allegiant Travel were worth $10,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in Allegiant Travel in the third quarter worth approximately $450,000. Charles Schwab Investment Management Inc. increased its stake in shares of Allegiant Travel by 41.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company’s stock valued at $14,176,000 after acquiring an additional 75,486 shares in the last quarter. Algert Global LLC acquired a new position in shares of Allegiant Travel during the 3rd quarter valued at $579,000. PEAK6 Investments LLC bought a new position in Allegiant Travel during the third quarter worth $382,000. Finally, Paloma Partners Management Co acquired a new stake in Allegiant Travel in the third quarter worth $1,004,000. 85.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a research report on Friday, January 17th. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Morgan Stanley boosted their price objective on Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Susquehanna upped their target price on Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. 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, the stock has an average rating of “Hold” and a consensus price target of $84.60.

Allegiant Travel Price Performance

ALGT opened at $55.92 on Thursday. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -4.18 and a beta of 1.64. The firm’s fifty day moving average price is $79.28 and its two-hundred day moving average price is $74.12.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

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.