Uncommon Cents Investing LLC Trims Stock Position in Allegiant Travel (NASDAQ:ALGT)

Uncommon Cents Investing LLC lowered its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,455 shares of the transportation company’s stock after selling 200 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Allegiant Travel were worth $608,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Signaturefd LLC increased its holdings in Allegiant Travel by 149.2% during the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 273 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Allegiant Travel by 136.9% during the third 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. GAMMA Investing LLC grew its stake in Allegiant Travel by 53.5% in the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after acquiring an additional 236 shares during the period. NBC Securities Inc. lifted its stake in shares of Allegiant Travel by 2,827.9% during the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock worth $69,000 after purchasing an additional 1,216 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Allegiant Travel during the third quarter worth $210,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Insider Activity at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 $181,397,275.80. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Keny Frank Wilper sold 635 shares of the business’s 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 transaction, the chief operating officer now owns 16,353 shares in the company, valued at $1,025,169.57. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,304 shares of company stock valued at $2,459,900. Insiders own 15.80% of the company’s stock.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $102.99 on Monday. The company’s fifty day moving average is $86.42 and its two-hundred day moving average is $63.01. The company has a market cap of $1.89 billion, a P/E ratio of -68.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $105.15.

Wall Street Analysts Forecast Growth

ALGT has been the topic of several research analyst reports. TD Cowen increased their price target on Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. UBS Group started coverage on Allegiant Travel in a report on Tuesday, November 26th. They set a “neutral” rating and a $16.00 target price on the stock. Morgan Stanley upped their price target on Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Barclays boosted their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Raymond James raised their price target on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Allegiant Travel presently has an average rating of “Hold” and a consensus price target of $79.60.

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.