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

Segall Bryant & Hamill LLC boosted its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,935 shares of the transportation company’s stock after acquiring an additional 4,427 shares during the period. Segall Bryant & Hamill LLC owned 0.59% of Allegiant Travel worth $10,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALGT. Emerald Advisers LLC bought a new position in shares of Allegiant Travel in the fourth quarter worth $22,256,000. LPL Financial LLC grew its stake in Allegiant Travel by 61.2% during the fourth quarter. LPL Financial LLC now owns 16,548 shares of the transportation company’s stock worth $1,558,000 after buying an additional 6,281 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Allegiant Travel in the 4th quarter valued at approximately $75,000. Sei Investments Co. lifted its holdings in shares of Allegiant Travel by 68.1% during the 4th quarter. Sei Investments Co. now owns 18,908 shares of the transportation company’s stock worth $1,780,000 after acquiring an additional 7,657 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Allegiant Travel by 14.8% during the 4th quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company’s stock worth $53,114,000 after acquiring an additional 72,759 shares in the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock opened at $55.92 on Thursday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -4.18 and a beta of 1.64. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company’s fifty day moving average is $79.28 and its 200 day moving average is $74.12. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Sell-side analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Bank of America raised their price objective on Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, January 17th. Morgan Stanley boosted their target price on Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Raymond James lifted their price target 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. Finally, Susquehanna upped their price objective 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Allegiant Travel currently has a consensus rating of “Hold” and a consensus target price of $84.60.

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.