Allegiant Travel Company $ALGT Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in Allegiant Travel Company (NASDAQ:ALGT) by 35.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,742 shares of the transportation company’s stock after purchasing an additional 9,555 shares during the quarter. Quantbot Technologies LP owned 0.20% of Allegiant Travel worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ALGT. Hantz Financial Services Inc. increased its stake in Allegiant Travel by 442.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock valued at $33,000 after buying an additional 442 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after acquiring an additional 205 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Allegiant Travel by 119.2% during the third quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock worth $68,000 after acquiring an additional 609 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after acquiring an additional 373 shares in the last quarter. Finally, State of Wyoming purchased a new position in Allegiant Travel in the second quarter valued at about $159,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALGT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, January 21st. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Morgan Stanley raised their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, UBS Group lifted 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. Five research 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.com, Allegiant Travel presently has an average rating of “Hold” and an average price target of $100.18.

Allegiant Travel Price Performance

Shares of Allegiant Travel stock opened at $95.93 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The firm has a fifty day simple moving average of $95.84 and a 200-day simple moving average of $77.39. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -37.33, a PEG ratio of 0.23 and a beta of 1.56. Allegiant Travel Company has a 1-year low of $39.80 and a 1-year high of $118.00.

Insider Activity

In other news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of Allegiant Travel stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.00, for a total value of $98,154.00. Following the transaction, the chairman directly owned 150,000 shares in the company, valued at approximately $17,100,000. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 300,000 shares of company stock valued at $34,350,512 over the last 90 days. Company insiders own 14.70% of the company’s stock.

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.