Allegiant Travel (NASDAQ:ALGT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Allegiant Travel (NASDAQ:ALGT) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 364,755 shares of the transportation company’s stock after acquiring an additional 5,424 shares during the quarter. Geode Capital Management LLC’s holdings in Allegiant Travel were worth $20,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake 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 purchasing an additional 273 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after buying an additional 304 shares during the period. NBC Securities Inc. lifted its stake in shares of Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares in the last quarter. Headlands Technologies LLC increased its position in Allegiant Travel by 170.6% during the 2nd quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock worth $127,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Allegiant Travel in the third quarter valued at approximately $210,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allegiant Travel

In related news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were 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 of the company’s stock, valued at $1,025,169.57. This trade represents a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the sale, 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. In the last ninety days, insiders have sold 29,600 shares of company stock worth $2,476,465. 15.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ALGT shares. Evercore ISI increased their price objective on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. StockNews.com downgraded Allegiant Travel from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley lifted their price target on shares of Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Wolfe Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, UBS Group started coverage on Allegiant Travel in a research report 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, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.00.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $91.11 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The firm has a 50-day simple moving average of $76.68 and a 200 day simple moving average of $58.08. Allegiant Travel has a fifty-two week low of $36.08 and a fifty-two week high of $94.45. The company has a market cap of $1.67 billion, a PE ratio of -60.74, a P/E/G ratio of 7.17 and a beta of 1.67.

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.