Allegiant Travel (NASDAQ:ALGT) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP lessened its position in shares of Allegiant Travel (NASDAQ:ALGT) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,440 shares of the transportation company’s stock after selling 1,718 shares during the period. Allegiant Travel comprises 0.8% of Oldfield Partners LLP’s portfolio, making the stock its 14th largest position. Oldfield Partners LLP owned 0.17% of Allegiant Travel worth $2,865,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Allegiant Travel by 1,614.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock worth $849,000 after purchasing an additional 8,491 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Allegiant Travel during the 3rd quarter valued at $63,540,000. Charles Schwab Investment Management Inc. raised its stake in Allegiant Travel by 41.5% during 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. Clearbridge Investments LLC acquired a new position in shares of Allegiant Travel during the 2nd quarter valued at $8,959,000. Finally, Hauser Brothers GmbH increased its position in shares of Allegiant Travel by 73.0% during the 3rd quarter. Hauser Brothers GmbH now owns 23,700 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 85.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ALGT has been the topic of a number of recent research reports. Bank of America lifted their target price on Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday, January 17th. Susquehanna lifted their price target on Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Raymond James lifted their price target on Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Finally, Barclays lifted their price target on Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.60.

Insider Activity

In other Allegiant Travel news, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total transaction of $28,269.50. Following the transaction, the director now directly owns 11,650 shares in the company, valued at approximately $940,970.50. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel 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 transaction, the chairman now owns 2,147,730 shares in the company, valued at approximately $181,397,275.80. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Allegiant Travel Trading Up 1.1 %

ALGT stock opened at $104.16 on Wednesday. The business has a fifty day moving average price of $90.46 and a 200 day moving average price of $65.77. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $106.87. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -68.70, a P/E/G ratio of 1.35 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72.

About Allegiant Travel

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.