Uncommon Cents Investing LLC Has $578,000 Position in Allegiant Travel (NASDAQ:ALGT)

Uncommon Cents Investing LLC decreased its stake in Allegiant Travel (NASDAQ:ALGT) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,995 shares of the transportation company’s stock after selling 450 shares during the period. Uncommon Cents Investing LLC’s holdings in Allegiant Travel were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ALGT. BlackRock Inc. grew its stake in Allegiant Travel by 0.4% during the first quarter. BlackRock Inc. now owns 2,355,920 shares of the transportation company’s stock worth $382,578,000 after purchasing an additional 8,810 shares during the period. Vanguard Group Inc. grew its stake in Allegiant Travel by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,675,544 shares of the transportation company’s stock worth $122,281,000 after purchasing an additional 20,482 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Allegiant Travel by 20.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,590,165 shares of the transportation company’s stock worth $108,116,000 after purchasing an additional 271,378 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Allegiant Travel by 220.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,330,668 shares of the transportation company’s stock worth $150,485,000 after purchasing an additional 915,511 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Allegiant Travel by 11.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 861,674 shares of the transportation company’s stock worth $66,228,000 after acquiring an additional 90,496 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Insider Activity

In other news, Director Gary Ellmer sold 2,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $79.10, for a total value of $158,200.00. Following the completion of the sale, the director now owns 8,490 shares of the company’s stock, valued at approximately $671,559. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 17.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALGT has been the topic of several recent research reports. TD Cowen increased their price target on Allegiant Travel from $82.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. UBS Group began coverage on Allegiant Travel in a report on Wednesday, March 20th. They issued a “sell” rating and a $58.00 target price on the stock. Raymond James dropped their target price on Allegiant Travel from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, Susquehanna dropped their target price on Allegiant Travel from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.75.

Allegiant Travel Price Performance

ALGT stock traded down $1.04 during mid-day trading on Thursday, hitting $75.21. 163,204 shares of the stock were exchanged, compared to its average volume of 246,926. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.83 and a quick ratio of 0.80. The business has a fifty day moving average price of $75.56 and a 200 day moving average price of $74.82. Allegiant Travel has a 12 month low of $54.87 and a 12 month high of $130.93. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.86 and a beta of 1.58.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Monday, February 5th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.52. Allegiant Travel had a return on equity of 3.80% and a net margin of 4.54%. The firm had revenue of $611.00 million during the quarter, compared to analyst estimates of $596.42 million. During the same quarter in the previous year, the company posted $3.17 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Allegiant Travel will post 6.75 EPS for the current year.

Allegiant Travel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Wednesday, February 14th. Allegiant Travel’s dividend payout ratio (DPR) is presently 37.97%.

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.