Silver Oak Securities Incorporated Buys Shares of 10,420 Allegiant Travel Company $ALGT

Silver Oak Securities Incorporated bought a new position in Allegiant Travel Company (NASDAQ:ALGT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,420 shares of the transportation company’s stock, valued at approximately $633,000. Silver Oak Securities Incorporated owned about 0.06% of Allegiant Travel at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its position in shares of Allegiant Travel by 28.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after buying an additional 205 shares during the period. GAMMA Investing LLC raised its stake in Allegiant Travel by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 407 shares in the last quarter. NewEdge Advisors LLC raised its stake in Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 373 shares in the last quarter. State of Wyoming acquired a new position in Allegiant Travel during the 2nd quarter worth $159,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Allegiant Travel by 856.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock worth $182,000 after purchasing an additional 2,962 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Allegiant Travel from $50.00 to $55.00 and gave the company an “underperform” rating in a research note on Wednesday, October 1st. Citigroup began coverage on shares of Allegiant Travel in a research report on Thursday, December 4th. They set a “neutral” rating and a $88.00 price target on the stock. Barclays increased their price objective on shares of Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Friday, December 12th. Finally, Raymond James Financial downgraded Allegiant Travel from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $78.00 to $98.00 in a research report on Friday, December 19th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and a consensus target price of $79.55.

Allegiant Travel Stock Performance

Shares of ALGT opened at $88.01 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95. The firm’s 50 day moving average is $75.33 and its 200-day moving average is $64.20. Allegiant Travel Company has a 12-month low of $39.80 and a 12-month high of $107.57. The stock has a market capitalization of $1.61 billion, a P/E ratio of -5.40, a P/E/G ratio of 0.26 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, May 12th. The transportation company reported $1.18 earnings per share for the quarter. The firm had revenue of $496.88 million during the quarter. Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. Equities research analysts anticipate that Allegiant Travel Company will post 7.7 EPS for the current fiscal year.

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.