Allegiant Travel Co. (NASDAQ:ALGT) saw an uptick in trading volume on Thursday . 389,727 shares were traded during 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.

A number of research firms have weighed in on ALGT. Cowen and Company reiterated a “market perform” rating and set a $178.00 price objective (down previously from $180.00) on shares of Allegiant Travel in a research note on Thursday, April 28th. Deutsche Bank AG restated a “buy” rating on shares of Allegiant Travel in a research report on Saturday, April 9th. Raymond James Financial Inc. upgraded Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research report on Tuesday, June 14th. Credit Suisse Group AG dropped their target price on Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 12th. Finally, Barclays PLC cut Allegiant Travel from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $205.00 to $188.00 in a research report on Friday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $200.91.

The stock has a market cap of $2.38 billion and a P/E ratio of 10.61. The stock has a 50 day moving average of $145.40 and a 200-day moving average of $157.29.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, April 27th. The company reported $4.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.01. During the same quarter in the prior year, the company earned $3.74 EPS. The company earned $348.60 million during the quarter, compared to analyst estimates of $340.97 million. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Allegiant Travel Co. will post $13.23 earnings per share for the current year.

Several large investors have made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake 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 boosted its stake 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 acquired a new stake in shares of Allegiant Travel during the fourth quarter worth approximately $1,729,000. Rhumbline Advisers boosted its stake 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 boosted its stake 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.