Empowered Funds LLC Purchases 4,020 Shares of Allegiant Travel (NASDAQ:ALGT)

Empowered Funds LLC boosted its holdings in shares of Allegiant Travel (NASDAQ:ALGT) by 5.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 80,695 shares of the transportation company’s stock after acquiring an additional 4,020 shares during the period. Empowered Funds LLC owned 0.44% of Allegiant Travel worth $4,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of Allegiant Travel by 149.2% during the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after purchasing an additional 273 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Allegiant Travel in the 2nd quarter valued at approximately $34,000. CWM LLC boosted its stake in Allegiant Travel by 275.1% during the 2nd quarter. CWM LLC now owns 1,268 shares of the transportation company’s stock worth $64,000 after acquiring an additional 930 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in Allegiant Travel by 2,827.9% during the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares during the period. Institutional investors own 85.81% of the company’s stock.

Insider Transactions at Allegiant Travel

In related news, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the director now directly owns 7,490 shares of the company’s stock, valued at approximately $337,050. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Keny Frank Wilper sold 635 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at $1,025,169.57. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,931 shares of company stock worth $101,372 in the last three months. Insiders own 15.80% of the company’s stock.

Allegiant Travel Stock Up 2.1 %

Allegiant Travel stock opened at $77.69 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 1-year low of $36.08 and a 1-year high of $85.91. The company 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 price-to-earnings-growth ratio of 6.17 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALGT. Susquehanna lifted their price target on shares of Allegiant Travel from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Evercore ISI boosted their target price on Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Barclays raised their price target on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, TD Cowen upped their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.11.

Allegiant Travel Company 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.