Quantbot Technologies LP Has $2.23 Million Holdings in Allegiant Travel Company $ALGT

Quantbot Technologies LP lifted its stake in Allegiant Travel Company (NASDAQ:ALGT) by 35.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 36,742 shares of the transportation company’s stock after buying an additional 9,555 shares during the period. Quantbot Technologies LP’s holdings in Allegiant Travel were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Allegiant Travel by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Allegiant Travel during the second quarter valued at about $205,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Allegiant Travel in the second quarter valued at about $1,154,000. Boston Partners acquired a new stake in Allegiant Travel during the second quarter worth about $1,150,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Allegiant Travel during the second quarter worth about $204,000. Institutional investors own 85.81% of the company’s stock.

Insider Activity

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total transaction of $98,154.00. Following the completion of the transaction, the chairman directly owned 150,000 shares of the company’s stock, valued at $17,100,000. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 300,000 shares of company stock worth $34,350,512. Company insiders own 14.70% of the company’s stock.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $95.93 on Wednesday. The firm has a market capitalization of $1.77 billion, a P/E ratio of -37.33, a P/E/G ratio of 0.23 and a beta of 1.56. The stock has a fifty day moving average price of $95.84 and a two-hundred day moving average price of $77.39. Allegiant Travel Company has a 52-week low of $39.80 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92.

Analyst Ratings Changes

Several research firms have commented on ALGT. Wolfe Research raised Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Tuesday, January 20th. Evercore upped their target price on Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. UBS Group increased their price objective on shares of Allegiant Travel from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Citigroup lifted their target price on shares of Allegiant Travel from $109.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.18.

Allegiant Travel Profile

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.