American Century Companies Inc. Boosts Stock Holdings in Allegiant Travel (NASDAQ:ALGT)

American Century Companies Inc. increased its position in shares of Allegiant Travel (NASDAQ:ALGT) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 564,326 shares of the transportation company’s stock after buying an additional 72,759 shares during the period. American Century Companies Inc.’s holdings in Allegiant Travel were worth $53,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of Allegiant Travel during the 3rd quarter worth about $450,000. Charles Schwab Investment Management Inc. boosted its position in Allegiant Travel by 41.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 257,456 shares of the transportation company’s stock worth $14,176,000 after purchasing an additional 75,486 shares in the last quarter. Algert Global LLC acquired a new stake in Allegiant Travel in the third quarter valued at approximately $579,000. PEAK6 Investments LLC purchased a new stake in shares of Allegiant Travel in the third quarter valued at approximately $382,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Allegiant Travel in the third quarter valued at approximately $1,004,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Up 1.4 %

ALGT stock opened at $55.92 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -4.18 and a beta of 1.64. The firm has a 50-day moving average of $79.28 and a two-hundred day moving average of $74.12. Allegiant Travel has a 12 month low of $36.09 and a 12 month high of $107.57. 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 (NASDAQ:ALGT) last announced its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping 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%. As a group, analysts forecast that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALGT has been the topic of a number of recent analyst reports. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Barclays increased their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. 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. TD Cowen raised their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Raymond James boosted their price objective on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. One research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.60.

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.