Allegiant Travel Co. (NASDAQ:ALGT) traded down 1.6% during trading on Wednesday . The stock traded as low as $141.70 and last traded at $142.13, with a volume of 118,836 shares traded. The stock had previously closed at $144.40.

Several equities research analysts have recently commented on the stock. Deutsche Bank AG boosted their target price on shares of Allegiant Travel from $200.00 to $203.00 in a research report on Friday, April 8th. Raymond James Financial Inc. raised shares of Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Tuesday, June 14th. Barclays PLC downgraded shares of Allegiant Travel from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $205.00 to $188.00 in a research report on Friday, April 15th. Credit Suisse Group AG decreased their target price on shares of Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $202.92.

The company has a market cap of $2.36 billion and a PE ratio of 10.51. The firm’s 50-day moving average price is $145.41 and its 200-day moving average price is $157.55.

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

Several institutional investors recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Allegiant Travel by 0.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,212 shares of the company’s stock valued at $1,210,000 after buying an additional 29 shares during the period. State Board of Administration of Florida Retirement System increased its position in 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 valued at $1,237,000 after buying an additional 75 shares during the period. State of Tennessee Treasury Department bought a new position in Allegiant Travel during the fourth quarter valued at approximately $1,729,000. Rhumbline Advisers increased its position in Allegiant Travel by 6.9% in the fourth quarter. Rhumbline Advisers now owns 19,912 shares of the company’s stock valued at $3,342,000 after buying an additional 1,279 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in 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 valued at $4,004,000 after buying an additional 341 shares during the period.

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.

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