Empowered Funds LLC Has $4.44 Million Position in Allegiant Travel (NASDAQ:ALGT)

Empowered Funds LLC increased its stake in shares of Allegiant Travel (NASDAQ:ALGT) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 80,695 shares of the transportation company’s stock after buying an additional 4,020 shares during the period. Empowered Funds LLC’s holdings in Allegiant Travel were worth $4,443,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ALGT. Privium Fund Management UK Ltd boosted its holdings in shares of Allegiant Travel by 3.5% during 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 period. Harbor Capital Advisors Inc. boosted its stake 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 purchasing an additional 2,607 shares during the period. Donald Smith & CO. Inc. grew its holdings in Allegiant Travel by 20.2% in the 3rd quarter. Donald Smith & CO. Inc. now owns 993,474 shares of the transportation company’s stock valued at $54,701,000 after buying an additional 167,148 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after buying an additional 304 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Allegiant Travel during the third quarter worth $63,540,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Price Performance

Shares of ALGT stock opened at $77.69 on Monday. The business has a fifty day simple moving average of $57.95 and a 200 day simple moving average of $51.82. The company has a market cap of $1.42 billion, a P/E ratio of -51.79, a P/E/G ratio of 6.17 and a beta of 1.61. 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 twelve month low of $36.08 and a twelve month high of $85.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Allegiant Travel in a research report on Friday. Barclays boosted their price target on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday. Susquehanna raised their price objective on Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. TD Cowen upped their target price on Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price target on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.11.

Insider Transactions at Allegiant Travel

In other Allegiant Travel news, Director Gary Ellmer sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now owns 7,490 shares of the company’s stock, valued at approximately $337,050. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at $1,025,169.57. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,931 shares of company stock valued at $101,372. 15.80% of the stock is currently owned by insiders.

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.