U S Global Investors Inc. Reduces Holdings in Allegiant Travel (NASDAQ:ALGT)

U S Global Investors Inc. lessened its position in Allegiant Travel (NASDAQ:ALGT) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,578 shares of the transportation company’s stock after selling 350,851 shares during the period. Allegiant Travel comprises about 3.6% of U S Global Investors Inc.’s portfolio, making the stock its 7th largest holding. U S Global Investors Inc. owned 2.13% of Allegiant Travel worth $36,761,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its holdings in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC boosted its stake in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after acquiring an additional 236 shares during the period. Crews Bank & Trust acquired a new position in shares of Allegiant Travel during the 4th quarter worth approximately $25,000. Signaturefd LLC increased its holdings in shares of Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after acquiring an additional 273 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 304 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ALGT. Raymond James upped their price objective on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Bank of America raised 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. TD Cowen upped their target price on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, UBS Group initiated coverage on Allegiant Travel in a research note on Tuesday, November 26th. They set a “neutral” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $80.10.

Allegiant Travel Stock Performance

ALGT opened at $74.62 on Friday. 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 has a 52-week low of $36.08 and a 52-week high of $107.57. The firm has a market cap of $1.37 billion, a P/E ratio of -5.58 and a beta of 1.63. The business’s fifty day moving average is $93.09 and its 200-day moving average is $71.56.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts expect that Allegiant Travel will post 7.7 EPS for the current fiscal year.

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.