Allegiant Travel Co. (NASDAQ:ALGT) saw an uptick in trading volume on Thursday . 389,727 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 206,532 shares.The stock last traded at $139.98 and had previously closed at $141.45.

Several research firms have recently weighed in on ALGT. Deutsche Bank AG reissued a “buy” rating on shares of Allegiant Travel in a report on Saturday, April 9th. Cowen and Company reissued a “market perform” rating and issued a $178.00 target price (down from $180.00) on shares of Allegiant Travel in a report on Thursday, April 28th. Sterne Agee CRT reissued a “neutral” rating on shares of Allegiant Travel in a report on Monday, May 16th. Barclays PLC downgraded Allegiant Travel from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $205.00 to $188.00 in a report on Friday, April 15th. Finally, Credit Suisse Group AG reduced their target price on Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating for the company in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $202.92.

The firm has a 50-day moving average of $145.41 and a 200-day moving average of $157.55. The stock has a market cap of $2.33 billion and a PE ratio of 10.40.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $4.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.28 by $0.01. The firm had revenue of $348.60 million for the quarter, compared to the consensus estimate of $340.97 million. Allegiant Travel’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.74 earnings per share. On average, equities analysts anticipate that Allegiant Travel Co. will post $13.23 earnings per share for the current year.

Several institutional investors recently made changes to their positions in ALGT. Advisors Asset Management Inc. raised its position in shares of Allegiant Travel by 0.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,212 shares of the company’s stock worth $1,210,000 after buying an additional 29 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Allegiant Travel by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 7,371 shares of the company’s stock worth $1,237,000 after buying an additional 75 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of Allegiant Travel during the fourth quarter worth about $1,729,000. Rhumbline Advisers raised its position in shares of Allegiant Travel by 6.9% in the fourth quarter. Rhumbline Advisers now owns 19,912 shares of the company’s stock worth $3,342,000 after buying an additional 1,279 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Allegiant Travel by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 23,855 shares of the company’s stock worth $4,004,000 after buying an additional 341 shares during the last quarter.

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.