Segall Bryant & Hamill LLC Has $8.66 Million Stock Holdings in Allegiant Travel Company $ALGT

Segall Bryant & Hamill LLC decreased its holdings in shares of Allegiant Travel Company (NASDAQ:ALGT) by 10.1% during the 1st quarter, Holdings Channel reports. The firm owned 106,881 shares of the transportation company’s stock after selling 12,045 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Allegiant Travel were worth $8,662,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Allegiant Travel by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after purchasing an additional 7,228 shares in the last quarter. Par Capital Management Inc. boosted its holdings in shares of Allegiant Travel by 11.1% during the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after buying an additional 58,566 shares in the last quarter. State Street Corp grew its position in shares of Allegiant Travel by 0.4% during the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after buying an additional 2,282 shares during the period. Franklin Resources Inc. grew its position in shares of Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after buying an additional 73,360 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Allegiant Travel by 14.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after acquiring an additional 53,800 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Wednesday, July 8th. Bank of America raised their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Morgan Stanley lifted their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Barclays assumed coverage on shares of Allegiant Travel in a research report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $98.08 on Monday. Allegiant Travel Company has a twelve month low of $42.56 and a twelve month high of $123.63. The stock’s 50 day moving average is $99.72 and its 200-day moving average is $92.10. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -49.04, a PEG ratio of 0.25 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.37. The business had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.11 EPS. Sell-side analysts forecast that Allegiant Travel Company will post 7.5 EPS for the current fiscal year.

About Allegiant Travel

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.