Susquehanna Fundamental Investments LLC Makes New $2.38 Million Investment in Allegiant Travel (NASDAQ:ALGT)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Allegiant Travel (NASDAQ:ALGT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,286 shares of the transportation company’s stock, valued at approximately $2,380,000. Susquehanna Fundamental Investments LLC owned about 0.14% of Allegiant Travel as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its holdings in shares of Allegiant Travel by 2.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,018,449 shares of the transportation company’s stock valued at $95,856,000 after purchasing an additional 24,975 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Allegiant Travel by 16.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 928,641 shares of the transportation company’s stock valued at $87,404,000 after acquiring an additional 131,561 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Allegiant Travel by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 748,216 shares of the transportation company’s stock valued at $70,421,000 after acquiring an additional 57,737 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Allegiant Travel by 2.5% during the third quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock valued at $34,584,000 after purchasing an additional 14,852 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Allegiant Travel by 14.8% during the fourth quarter. American Century Companies Inc. now owns 564,326 shares of the transportation company’s stock valued at $53,114,000 after purchasing an additional 72,759 shares during the period. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

NASDAQ:ALGT opened at $46.58 on Wednesday. The firm has a market capitalization of $854.18 million, a price-to-earnings ratio of -3.48 and a beta of 1.57. 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 business has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $73.55. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping 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%. Equities analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALGT. Barclays cut their target price on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their target price on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Raymond James raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $125.00 to $90.00 in a research report on Wednesday, April 2nd. Finally, Susquehanna dropped their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and a consensus target price of $67.00.

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.