Nisa Investment Advisors LLC Sells 8,495 Shares of Allegiant Travel Company $ALGT

Nisa Investment Advisors LLC lessened its position in shares of Allegiant Travel Company (NASDAQ:ALGT) by 94.2% in the second quarter, Holdings Channel.com reports. The firm owned 522 shares of the transportation company’s stock after selling 8,495 shares during the period. Nisa Investment Advisors LLC’s holdings in Allegiant Travel were worth $29,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund raised its position in Allegiant Travel by 8.5% in the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock valued at $310,000 after buying an additional 470 shares during the last quarter. New York State Teachers Retirement System boosted its position in Allegiant Travel by 8.2% during the 1st quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company’s stock worth $977,000 after acquiring an additional 1,426 shares during the last quarter. Bayforest Capital Ltd grew its stake in shares of Allegiant Travel by 38.7% during the 2nd quarter. Bayforest Capital Ltd now owns 15,714 shares of the transportation company’s stock worth $863,000 after acquiring an additional 4,381 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Allegiant Travel by 4.3% in the second quarter. U S Global Investors Inc. now owns 430,153 shares of the transportation company’s stock valued at $23,637,000 after purchasing an additional 17,753 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Allegiant Travel by 694.8% during the first quarter. Russell Investments Group Ltd. now owns 15,133 shares of the transportation company’s stock worth $782,000 after purchasing an additional 13,229 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Trading Down 5.0%

Shares of Allegiant Travel stock opened at $68.91 on Friday. The business has a fifty day simple moving average of $63.15 and a two-hundred day simple moving average of $56.95. Allegiant Travel Company has a 1 year low of $39.80 and a 1 year high of $107.57. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -4.32, a P/E/G ratio of 0.49 and a beta of 1.77. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Thursday, May 12th. The transportation company reported $1.18 earnings per share for the quarter. The company had revenue of $496.88 million for the quarter. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. Research analysts forecast that Allegiant Travel Company will post 7.7 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ALGT. Barclays lifted their price target on shares of Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Susquehanna lifted their target price on Allegiant Travel from $50.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Zacks Research upgraded Allegiant Travel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Evercore ISI raised their price target on Allegiant Travel from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Morgan Stanley raised their price target on Allegiant Travel from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Allegiant Travel has an average rating of “Hold” and a consensus price target of $70.89.

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.