2,520 Shares in Allegiant Travel (NASDAQ:ALGT) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of Allegiant Travel (NASDAQ:ALGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,520 shares of the transportation company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in Allegiant Travel during the third quarter worth about $31,000. Castleview Partners LLC bought a new stake in Allegiant Travel during the second quarter worth about $44,000. Steward Partners Investment Advisory LLC lifted its stake in Allegiant Travel by 32.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 819 shares of the transportation company’s stock worth $56,000 after purchasing an additional 200 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Allegiant Travel during the third quarter worth about $73,000. Finally, State of Wyoming lifted its stake in Allegiant Travel by 38.8% during the second quarter. State of Wyoming now owns 691 shares of the transportation company’s stock worth $87,000 after purchasing an additional 193 shares during the last quarter. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allegiant Travel

In other news, Director Gary Ellmer sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $79.10, for a total value of $158,200.00. Following the completion of the transaction, the director now owns 8,490 shares of the company’s stock, valued at approximately $671,559. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.50% of the company’s stock.

Wall Street Analyst Weigh In

ALGT has been the subject of several research analyst reports. Susquehanna dropped their price target on Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. TD Cowen boosted their target price on Allegiant Travel from $82.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Barclays lowered their target price on Allegiant Travel from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Raymond James lowered their target price on Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Finally, UBS Group initiated coverage on Allegiant Travel in a research note on Wednesday, March 20th. They issued a “sell” rating and a $58.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.75.

Allegiant Travel Trading Up 0.9 %

NASDAQ ALGT opened at $62.31 on Friday. Allegiant Travel has a fifty-two week low of $54.87 and a fifty-two week high of $130.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.83. The stock has a 50 day simple moving average of $71.21 and a two-hundred day simple moving average of $73.10. The stock has a market cap of $1.14 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.58.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Monday, February 5th. The transportation company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.52. Allegiant Travel had a return on equity of 3.80% and a net margin of 4.54%. The business had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $596.42 million. During the same quarter last year, the business posted $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Allegiant Travel will post 4.83 earnings per share for the current year.

Allegiant Travel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Wednesday, February 14th. Allegiant Travel’s dividend payout ratio is currently 37.97%.

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.