180 Wealth Advisors LLC Sells 4,059 Shares of Allegiant Travel (NASDAQ:ALGT)

180 Wealth Advisors LLC decreased its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 43.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,263 shares of the transportation company’s stock after selling 4,059 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Allegiant Travel were worth $495,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its position in shares of Allegiant Travel by 20.2% during the third quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock worth $54,701,000 after acquiring an additional 167,148 shares during the period. U S Global Investors Inc. grew its stake in Allegiant Travel by 51.9% in the third quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock worth $40,823,000 after purchasing an additional 253,198 shares in the last quarter. State Street Corp increased its holdings in Allegiant Travel by 1.7% during the 3rd quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock worth $33,530,000 after purchasing an additional 10,050 shares during the period. Franklin Resources Inc. raised its position in Allegiant Travel by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock valued at $34,584,000 after purchasing an additional 14,852 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Allegiant Travel by 15.1% in the 2nd quarter. American Century Companies Inc. now owns 428,787 shares of the transportation company’s stock worth $21,538,000 after buying an additional 56,208 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ALGT shares. The Goldman Sachs Group raised their price target on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna upped their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. UBS Group assumed coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Raymond James boosted their price objective on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and an average price target of $75.11.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction dated 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 completion of the sale, the chairman now directly owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the sale, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,304 shares of company stock valued at $2,459,900 in the last quarter. 15.80% of the stock is currently owned by corporate insiders.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $100.97 on Wednesday. The firm’s fifty day simple moving average is $83.95 and its two-hundred day simple moving average is $61.53. The firm has a market capitalization of $1.85 billion, a P/E ratio of -67.31, a P/E/G ratio of 7.17 and a beta of 1.62. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $101.71.

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.