New York State Common Retirement Fund Sells 1,000 Shares of Allegiant Travel (NASDAQ:ALGT)

New York State Common Retirement Fund decreased its holdings in Allegiant Travel (NASDAQ:ALGT) by 15.3% in the 4th quarter, HoldingsChannel reports. The firm owned 5,533 shares of the transportation company’s stock after selling 1,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Allegiant Travel were worth $521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALGT. Nisa Investment Advisors LLC increased its stake in shares of Allegiant Travel by 136.9% in 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 in the last quarter. Harbor Capital Advisors Inc. increased its position in Allegiant Travel by 34.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,198 shares of the transportation company’s stock valued at $562,000 after acquiring an additional 2,607 shares in the last quarter. Privium Fund Management UK Ltd raised its stake in shares of Allegiant Travel by 3.5% in the third quarter. Privium Fund Management UK Ltd now owns 10,549 shares of the transportation company’s stock worth $581,000 after acquiring an additional 358 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Allegiant Travel by 5.2% during the third quarter. Empowered Funds LLC now owns 80,695 shares of the transportation company’s stock worth $4,443,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Drive Wealth Management LLC acquired a new position in shares of Allegiant Travel during the third quarter worth approximately $471,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Down 9.5 %

Allegiant Travel stock opened at $62.88 on Wednesday. Allegiant Travel has a fifty-two week low of $36.09 and a fifty-two week high of $107.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -4.70 and a beta of 1.63. The company’s 50 day simple moving average is $91.96 and its 200 day simple moving average is $72.69.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, sell-side analysts anticipate that Allegiant Travel will post 7.7 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ALGT. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Morgan Stanley upped their price target on Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. TD Cowen lifted their price objective on Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Susquehanna raised their target price on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.10.

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.